 | |
| Company type | Private |
|---|---|
| Industry | Petroleum |
| Founded | October 4, 1866 |
| Founder | Matthew Ewing Hiram Everest |
| Defunct | July 30, 1931 |
| Fate | Merged with Standard Oil Company of New York |
| Successor | Socony-Vacuum |
| Products | Gasoline, motor oils |
| Brands |
|
Vacuum Oil Company was an American oil company known for its Gargoyle 600-W steam cylinder motor oil. After being taken over by the original Standard Oil Company and then becoming independent again, in 1931 Vacuum Oil merged with the Standard Oil Company of New York to form Socony-Vacuum, later renamed to Mobil and eventually merging with Standard Oil of New Jersey (itself renamed to Exxon) to form ExxonMobil in 1999.
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Transcription
History
Vacuum Oil was founded in 1866 by Matthew Ewing and Hiram Bond Everest, of Rochester, New York. 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 in steam engines and internal-combustion engines. Ewing sold his interest to Everest, who carried on the company.[1] Vacuum was bought by Standard Oil in 1879.
It had used "Mobiloil" automobile lubricating oil brand since 1904, and by 1918 it became recognizable enough that the company filed it for registration as a trademark (it was registered in 1920).[2] When Standard Oil was broken up in 1911 due to the Sherman Antitrust Act, Vacuum became an independent company again.[3]
Vacuum Oil and Standard Oil of New York (Socony) merged in 1931, after the government gave up attempts to prevent it. The newly-combined entity, Socony-Vacuum Corp, was the world's third-largest oil company.[4]
In 1933, Socony-Vacuum and Standard Oil Company of New Jersey (which had oil production and refineries in Indonesia) merged their interests in the Far East into a 50–50 joint venture. Standard Vacuum Oil Company, or "Stanvac," operated in 50 countries, including New Zealand, China, and the region of East Africa, before it was dissolved in 1962.
During World War II, the Tschechowitz I & II subcamps of Auschwitz in Czechowice-Dziedzice provided forced labor for Vacuum Oil Company facilities in Poland which were captured and operated by Nazi Germany.[5]
In 1955, the company became Socony Mobil Oil Company.[6] In 1966, it was renamed Mobil Oil Corporation, later shortened to Mobil Corporation.[7]
Legal challenges
In 1887, founder Hiram Bond Everest and son Charles M. Everest were charged with conspiracy to destroy competitor Buffalo Lubricating Oil Co. It was alleged that, having sold a three-quarter interest in their company to Standard Oil, they were attempting to destroy their rival's refinery, preventing it from manufacturing petroleum products, and from acquiring Vacuum's skilled employees. One employee who had left Vacuum to work for Buffalo was Albert A. Miller, who was bribed to sabotage the new company's plant, causing an explosion. Hiram and Charles Everest were both found guilty, but there was insufficient evidence to prove the allegation that the Everests had acted under instructions from Standard Oil.[8]
In 1907, Vacuum Oil, Standard Oil, New York Central Railroad, and Pennsylvania Railroad were all indicted for violations in Inter-State Commerce laws. Vacuum Oil was charged with shipping 228 cars of petroleum and petroleum products to Standard Oil at unlawful rates, via the New York Central and Pennsylvania railroads.[9]
References
- ^ "Vacuum Standardized". Time Magazine, 1930. March 3, 1930. Archived from the original on July 16, 2010. Retrieved December 1, 2009.
- ^ "TESS -- Error".
- ^ Marius Vassiliou (2018). Historical Dictionary of the Petroleum Industry, 2nd Ed. Lanham, MD: Rowman and Littlefield.ISBN 1538111594ISBN 978-1-5381-1159-8.
- ^ "Business & Finance: Socony-Vacuum Corp". Time Magazine, 1931. August 10, 1931. Archived from the original on November 22, 2008. Retrieved December 1, 2009.
- ^ "Sub-Camps of Auschwitz Concentration Camp". Auschwitz-Birkenau: Memorial and Museum. auschwitz.org.pl. Archived from the original on June 2, 2009. Retrieved May 21, 2009.
- ^ Vacuum Oil Co Ltd Railway Gazette December 23, 1955 page 554
- ^ "SOCONY DROPPED FROM MOBIL NAME; Stockholders Also Approve an Increase in Shares". The New York Times. May 18, 1966. Retrieved September 16, 2019.
- ^ "The Everests Convicted" (PDF). New York Times, 1887. May 16, 1887. Retrieved December 1, 2009.
- ^ "Standard Indicted By New York Jury" (PDF). New York Times, 1907. August 10, 1907. Retrieved December 1, 2009.
External links
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This page was last edited on 25 March 2024, at 15:42