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Standard Oil refinery in Cleveland, 1899.Ohio was a world leader in oil production in the late 19th and early 20th centuries. The Ohio oil and natural gas industries employ 14,400 citizens, resulting in $730 million in wages.
The Standard Oil Company (Ohio) was an American petroleum company that existed from 1870 to 1987. The company, known commonly as Sohio , was founded by John D. Rockefeller . [ 4 ] [ 2 ] It was established as one of the separate entities created after the 1911 breakup.
As the Cleveland metropolitan area expanded, parts of Warrensville Township were divided among Orange, Shaker Heights, University Heights, and Warrensville Heights. [34] In 1990, Warrensville Township became a paper township when its last unincorporated area was incorporated as the village of Highland Hills . [ 35 ]
Restored 1928 Phillips 66 Service Station. The first Phillips 66 service station built in Texas opened on July 27, 1928 on the corner of 5th Street and Main in Turkey, Texas.
National City branch in Springboro, Ohio.. National City Bank was founded on May 17, 1845, when a group of Cleveland, Ohio businessmen pooled $50,000 to organize the City Bank of Cleveland, the first bank opened under the Ohio Bank Act of 1845 in a small town with no gas, electricity, public waterworks, or railroad. [8]
In the 1860s, the Standard Oil Company was founded by John D. Rockefeller in the city of Cleveland. In the early 20th century, about a quarter of the region's jobs were in steel mills. The Great Depression hurt the area's economy and caused up to 35% unemployment rate. The City of Cleveland went into default in 1978 and was $30 million in debt.
The East Ohio Gas Company built a full-scale commercial liquid natural gas (LNG) plant in Cleveland, Ohio in 1940, just after a successful pilot plant was built by its sister company, Hope Natural Gas Company of West Virginia. This was the first such plant in the world.
Squire became director of a wide range of companies, including the Ohio Surety Co. in 1894, [58] the Standard Telegraph & Telephone Co. (with Frank Rockefeller and Louis Severance), [59] the Electrograph Company of America in 1901, [60] and, in the 1910s, the Maynard H. Murch Co. (a Cleveland-based brokerage firm) and the McGraw Tire & Rubber ...