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Brewster returned East in 1874 and settled permanently in New York City. Following his former partner Oliver Burr Jennings, who had married the sister of William Rockefeller's wife, he became involved with John D. Rockefeller in organizing the Standard Oil Company. When the Standard Oil Trust was formed in 1882 he served as a trustee. [2]
Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of the Standard Oil Company (Ohio), which had been founded in 1870 by John D. Rockefeller.
On December 13, 1854, he married Esther Judson Goodsell (1828–1908) in Fairfield. Her younger sister, Almira Geraldine Goodsell, was the wife of Standard Oil co-founder William Rockefeller, Jr. [7] Together, Oliver and Esther had five children: [1] Annie Burr Jennings (1855–1939), [8] a philanthropist. [9]
Well, for the last living relative of an old oil tycoon, station wagons trumped tiaras. Ruth Bedford was the last Standard Oil heiress leaves former school $40 million
The Standard Oil Company was dissolved under the Sherman Antitrust Act. His department at the Standard Oil Company became the Thompson and Bedford department again, but with Thompson retired, Bedford was the president and head of the company once more. [4] In 1903, Bedford was elected director of the Standard Oil Company of New Jersey.
Standard Oil also has the distinction of being the first billion-dollar company in history. By 1913, Rockefeller's personal fortune had swelled to $900 million — a staggering 3% of the entire U ...
ExxonMobil is mostly composed of the Standard Oil Company of New Jersey (Jersey Standard) and the Standard Oil Company of New York (Socony). The two companies partnered on a semi-frequent basis during their infancy before pursuing mergers and acquisitions, with Jersey Standard buying Texas-based Humble Oil and Socony merging with Standard descendant Vacuum Oil to form Socony-Vacuum. [3]
Rockefeller married Almira Geraldine Goodsell (March 19, 1844 – January 17, 1920) on May 25, 1864, in Fairfield, Connecticut. [5] There were many connections among this and other elite families. Her sister Esther Judson Goodsell was married to Oliver Burr Jennings, who became one of the original stockholders of Standard Oil. Together, William ...