Vacuum Oil Company
From Wikipedia, the free encyclopedia
Vacuum Oil Company was a petroleum company in the United States, founded in 1866. It later merged with Socony, which eventually changed its name to Mobil, and today is part of ExxonMobil.
[edit] History
The Vacuum Oil Co. incorporated in 1866. In 1879, Standard Oil Company, headed by John D. Rockefeller, purchased a three-quarter interest in Vacuum. During the ensuing years, Rockefeller organized his various oil holdings into the Standard Oil Trust, with headquarters in New York. Standard Oil Company of New York (Socony) founded with dissolution of Standard Oil in 1911. In 1930, Vacuum acquired Wadhams Oil Corporation and the White Star Refining Company.
In 1931, Socony acquired all the assets of Vacuum Oil Co. and changed its name to Socony-Vacuum Corporation. In 1933, Socony-Vacuum and Standard Oil of New Jersey (later to become known as Esso, then Exxon) merged their Far East facilities and interests into a 50-50 venture called Standard-Vacuum Oil Co., or Stanvac. In 1934, Socony-Vacuum Corp. changed its name to Socony-Vacuum Oil Co., Inc.
In 1955, the name was changed to Socony Mobil Oil Company, Inc. In 1966, there was a further change of name to the Mobil Oil Corporation.
