Amoco Corporation

▪ American company
formerly (1889–1985)  Standard Oil Company (Indiana),  

      American petroleum corporation that was founded in 1889 by the Standard Oil trust (see Standard Oil Company and Trust) to direct the refining and marketing of oil in the Midwestern states. The company's first refinery, outside Whiting, Ind., produced fuel oil, kerosene, and other petroleum products. Beginning in the late 1890s, the company's production of gasoline rapidly increased to meet the demands of the growing automotive market in the United States. Around 1910 Standard Oil (Indiana) developed the cracking process, which became the most important method for producing gasoline from petroleum. In 1911 the U.S. Supreme Court dissolved the nationwide Standard Oil trust, and Standard Oil (Indiana) became independent. Its headquarters are in Chicago.

      In the 1920s Standard Oil (Indiana) acquired partial interests in companies that owned Midwestern oil fields and pipeline networks in order to add production to its refining and marketing operations. It acquired the Sinclair pipeline and crude oil companies in 1930, and its purchases of oil fields in Texas helped it become one of the largest American oil companies in that decade, a status only contested thereafter by the Standard Oil Company of New Jersey (now Exxon Corporation). In the 1950s Standard Oil (Indiana) became active in oil exploration and production ventures in South America and the Middle East. In 1961 most of the company's U.S. operating activities were unified in the American Oil Company, for which Standard Oil (Indiana) served as a holding company. The byname Amoco was increasingly used as a brand and corporate name, and in 1985 the Standard Oil Company (Indiana) officially became the Amoco Corporation. In 1988 Amoco acquired Dome Petroleum, Ltd., which held large oil and natural-gas reserves in Canada.

      By the late 20th century, American operations still accounted for more than half of Amoco's total assets, though the company has been active in some 40 other countries in the areas of production, refining, and marketing. In addition to refining crude oil, Amoco is one of the largest producers of natural gas in the North American continent. The gasoline Amoco refines is marketed by almost 10,000 service stations in the United States, and the company also produces a wide array of petrochemicals.

* * *


Universalium. 2010.

Look at other dictionaries:

  • Amoco Corporation —   [ æməkoʊ kɔːpə reɪʃn], amerikanischer Mineralölkonzern, weltweit in circa 40 Ländern tätig, Sitz: Chicago; gegründet 1889 als Standard Oil Company of Indiana, seit 1985 heutige Firmenbezeichnung; fusionierte 1998 mit der British Petroleum… …   Universal-Lexikon

  • Amoco — Création 1889 Disparition 1998 Siège social …   Wikipédia en Français

  • Amoco — Corporation, anteriormente Standard Oil Company of Indiana, fue una empresa petrolera y petroquímica estadounidense fundada en 1889 para operar una refinería situada en Whiting, Indiana. Esta compañía absorbió posteriormente a American Oil… …   Wikipedia Español

  • Amoco — Corporation Год основания 18 …   Википедия

  • Amoco — Infobox Defunct Company fate = Acquired by BP company name = Amoco company foundation = 1889 defunct = 2001 Type = Oil company location = Chicago, IL industry = OilThe American Oil Company, or Amoco, also known as Standard Oil of Indiana, was a… …   Wikipedia

  • Amoco Oil Corporation — Amoco ist der abgekürzte Firmenname der American Oil Company, dem drittgrößten Ölkonzern der Welt. Die Amoco Oil Corporation wurde 1889 von John D. Rockefeller als Teil der Standard Oil Company gegründet, die 1911 wegen kartellrechtlicher… …   Deutsch Wikipedia

  • Amoco — ist der abgekürzte Firmenname der American Oil Company, dem drittgrößten Ölkonzern der Welt. Die Amoco Oil Corporation wurde 1889 von John D. Rockefeller als Teil der Standard Oil Company gegründet, die 1911 wegen kartellrechtlicher Bedenken… …   Deutsch Wikipedia

  • Amoco Cadiz — Die havarierte Amoco Cadiz am 16. März 1978 p1 …   Deutsch Wikipedia

  • Amoco Building — Aon Center …   Deutsch Wikipedia

  • Cyprus Mines Corporation — Harvey S. Mudd, co founder president, Cyprus Mines Corporation The Cyprus Mines Corporation was an early twentieth century American mining company based in Cyprus. In 1914, Charles G. Gunther began prospecting in the Skouriotissa area after… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.