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
Vacuum Oil Company Vacuum Oil Company Vacuum Oil Company was an American oil company known for their Gargoyle 600-W Steam Cylinder Oil. Vacuum Oil merged with Standard Oil Co of New York, commonly known as Socony Oil to form Socony-Vacuum Oil Company, and is now a part of ExxonMobil. Vacuum Oil was founded in 1866 by Matthew Ewing and Hiram Bond Everest, of Rochester, New York. The lubrication oil was an accidental discovery while attempting to distill kerosene. Everest noted the residue from the extraction was suitable as a lubricant. Soon after, the product became popular for use by steam engines and the