The History of the Standard Oil Company the power of the press. As such, "The History of Standard Oil Company" harbors great significance as a standard-bearer of modern investigative journalism. In his 2008 book "Taking on the trust : the epic battle of Ida Tarbell and John D. Rockefeller", Steve Weinberg described "The History of the Standard Oil Company" as "arguably the greatest work of investigative journalism ever written". The History of the Standard Oil Company The History of the Standard Oil Company is a 1904 book by journalist Ida Tarbell. It is an exposé about the Standard Oil Company, run at the time by oil tycoon
Standard Oil at 65.4% payout ratio. The total net earnings from 1882 to 1906 amounted to $838,783,800, exceeding the dividends by $290,347,800, which was used for plant expansions. In 1896, John Rockefeller retired from the Standard Oil Co. of New Jersey, the holding company of the group, but remained president and a major shareholder. Vice-president John Dustin Archbold took a large part in the running of the firm. In the year 1904, Standard Oil controlled 91% of oil production and 85% of final sales in the United States. At this point in time, state and federal laws sought to counter this development