Standard Oil of Iowa
Encyclopedia
Standard Oil Company of Iowa was created in 1885 as a subsidiary of the Standard Oil
Trust
to handle marketing along the Pacific Coast states of Idaho
, Oregon
, Washington, California
, and Arizona
. Though named for the midwestern state, it never included Iowa
as one of its primary marketing areas. A prior company named Standard Oil of California had been formed in 1877, and was not associated with the Standard Oil Trust. In 1906, Standard Oil of Iowa was dissolved and its assets handed over to a new Standard Oil of California, later Chevron Oil Company, and now the Chevron Corporation
. Standard Oil Company of Iowa is thus the original company that is now Chevron.
Standard Oil
Standard Oil was a predominant American integrated oil producing, transporting, refining, and marketing company. Established in 1870 as a corporation in Ohio, it was the largest oil refiner in the world and operated as a major company trust and was one of the world's first and largest multinational...
Trust
Trust company
A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank, or a law firm, each of which specializes in being a trustee of various kinds of...
to handle marketing along the Pacific Coast states of Idaho
Idaho
Idaho is a state in the Rocky Mountain area of the United States. The state's largest city and capital is Boise. Residents are called "Idahoans". Idaho was admitted to the Union on July 3, 1890, as the 43rd state....
, Oregon
Oregon
Oregon is a state in the Pacific Northwest region of the United States. It is located on the Pacific coast, with Washington to the north, California to the south, Nevada on the southeast and Idaho to the east. The Columbia and Snake rivers delineate much of Oregon's northern and eastern...
, Washington, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, and Arizona
Arizona
Arizona ; is a state located in the southwestern region of the United States. It is also part of the western United States and the mountain west. The capital and largest city is Phoenix...
. Though named for the midwestern state, it never included Iowa
Iowa
Iowa is a state located in the Midwestern United States, an area often referred to as the "American Heartland". It derives its name from the Ioway people, one of the many American Indian tribes that occupied the state at the time of European exploration. Iowa was a part of the French colony of New...
as one of its primary marketing areas. A prior company named Standard Oil of California had been formed in 1877, and was not associated with the Standard Oil Trust. In 1906, Standard Oil of Iowa was dissolved and its assets handed over to a new Standard Oil of California, later Chevron Oil Company, and now the Chevron Corporation
Chevron Corporation
Chevron Corporation is an American multinational energy corporation headquartered in San Ramon, California, United States and active in more than 180 countries. It is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining,...
. Standard Oil Company of Iowa is thus the original company that is now Chevron.