John D Rockefeller

By Morrisjer
  • Period: to

    Born Death

    July 8, 1839 – May 23, 1937

  • He became an assistant bookkeeper

    He became an assistant bookkeeper at age 16

  • The main group formed before Standard Oil

    Made group partnership William Rockefeller, Henry Flagler, chemist Samuel Andrews, silent partner Stephen V. Harkness, and Oliver Burr Jennings

  • Rockefeller gets married

    Rockefeller gets married in 1864.

  • Kerosene became cheap

    Kerosene price to drop from 58 to 26 cents from 1865 to 1870.

  • Founded the Standard Oil Company

    founded the Standard Oil Company in 1870

  • Rockefeller joins the South Improvement Co.

    In 1872, Rockefeller joined the South Improvement Co.

  • Combining smaller companies

    On January 2, 1882, they combined their disparate companies.

  • Exxon is founded

    Exxon is founded in August 5, 1882 as a smaller branch of Standard Oil. (Later merges with Mobil to become ExxonMobil)
  • Period: to

    Standard Oil in China

    In the 1890s, Standard Oil began marketing kerosene to China to use as lamp fuel.

  • John Dustin Archbold gains control

    John Dustin Archbold was left in control of the business so Rockefeller could concentrate on philanthropy after 1896.

  • Standard Oil controlled over 90% of oil refinement

    Standard Oil controlled 91% of oil refinement and 85% of final sales in the United States by 1904.

  • Book about the Standard Oil Company gets published

    The book The History of the Standard Oil Co written by Ida M. Tarbell gets published in 1904

  • Socony is founded

    Socony is an oil company in the middle east in places like Palestine. (Later combines into Mobil)

  • The Supreme Court ruled that Standard Oil must be dismantled for violation of federal laws.

    The Supreme Court ruled in 1911 that Standard Oil must be dismantled for violation of federal antitrust laws.

  • Mobil Oil is founded

    Mobil Oil is founded due to Standard Oil Co. being broken up.

  • Rockefeller becomes a billionaire

    Rockefeller's personal wealth was estimated in 1913 at nearly a billion dollars

  • Standard Oil worth $1 trillion

    Standard Oil could have possibly been worth more than $1 trillion in the 2000s.