Standard Oil and Oliver Burr Jennings, who had married the sister of William Rockefeller's wife. In 1870, Rockefeller abolished the partnership and incorporated Standard Oil in Ohio. Of the initial 10,000 shares, John D. Rockefeller received 2,667; Harkness received 1,334; William Rockefeller, Flagler, and Andrews received 1,333 each; Jennings received 1,000, and the firm of Rockefeller, Andrews & Flagler received 1,000. Rockefeller chose the "Standard Oil" name as a symbol of the reliable "standards" of quality and service that he envisioned for the nascent oil industry. In the early years, John D. Rockefeller dominated the combine; he was the single most important
Superior Oil Company Building Superior Oil Company Building The Superior Oil Company Building, currently The Standard Downtown LA and previously the Bank of California Building, is a 12-story marble-clad highrise building located at 550 S Flower St in Downtown Los Angeles. The office building was refurbished as a hotel in 2002. The marbled-clad Superior Oil Company Building was constructed in 1952 as an office building by the Keck family to serve as the headquarters for Superior Oil Company. Completed in 1955, the Modern architecture 12 story structure was designed by Claud Beelman and builder William Simpson. It was given distinctive marble, granite, and stainless-steel