Kyso
{{Short description|Petroleum company}}
{{Infobox company
| name = Standard Oil of Kentucky
| logo = Kyso_oil_company_logo.png
| logo_size = 200
| type = Private
| industry = Petroleum
| predecessor = Standard Oil
| founded = 1886
| founder =
| defunct = {{end date and age|1961}}
| fate = Acquired by Chevron Corporation in 1961
| successor = Chevron Corporation
| hq_location_city = Kentucky
| hq_location_country = United States
| area_served = United States
| key_people =
| products = Gasoline
| owner =
| num_employees =
| num_employees_year =
| parent =
| website =
}}
Kyso (officially the Standard Oil Company of Kentucky) was an oil company, gasoline distributor, and direct descendant of Standard Oil that operated in the southeastern United States from 1886 until it was acquired by Standard Oil of California (today known as Chevron Corporation) in 1961.Thompson, Eric V. [http://www.virginia.edu/igpr/APAG/apagoilhistory.html A Brief History Of Major Oil Companies In The Gulf Region] Arabian Peninsula and Gulf Studies Program, Retrieved 2019-09-27 After the breakup of Standard Oil in 1911, the company was awarded rights to run the oil operation of Kentucky, Georgia, Florida, Alabama, and Mississippi.{{citation needed|date=February 2018}}
History
= Formation and early years =
The Standard Oil Company of Kentucky was incorporated on October 8, 1886, under Kentucky laws.[http://www.scripophily.net/stoilcoke19.html Standard Oil Company – 1928] Scripophily.com, 1996–2006. Retrieved November 22, 2006. It was founded as a division of the Standard Oil Trust to handle the assets of the Chess, Carley & Company, which Standard had acquired to handle product marketing and distribution for the southeastern U.S.{{citation needed|date=February 2018}} It maintained corporate offices in all of the states it serviced, and also owned an oil refinery in Louisville, Kentucky, with a 500,000 barrel/year capacity. In 1892, it acquired the properties of Consolidated Tank Line Company.
= Breakup of Standard Oil =
File:Standard Motel and Service Station, Madisonville, KY (83335).jpg
When the monopoly was broken up as an illegal trust in the US Supreme Court case Standard Oil Co. of New Jersey v. United States in 1911,[http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=US&vol=221&invol=1 STANDARD OIL CO. OF NEW JERSEY v. U S, 221 U.S. 1 (1910)], Thomson FindLaw, 1994–2006, Retrieved November 22, 2006. Kyso was spun off to market to the states of Kentucky, Georgia, Florida, Alabama, and Mississippi. As was common at the time, though no longer controlled by a single entity, the various "Baby Standards" still continued to cooperate. For example, Kyso was supplied by fellow "Baby Standard" Standard Oil of New Jersey, better known as Esso. The company avoided the consolidation prevalent in the industry throughout the first half of the century, and continued to sell various Esso and Mobil products.{{citation needed|date=February 2018}}[http://www.ohiohistorycentral.org/entry.php?rec=988 Standard Oil Company], Ohio Historical Society, 2006. Retrieved November 22, 2006. In 1930, it acquired the assets of Reed Oil Corp. of Atlanta, Georgia.[http://www.scripophily.net/stoilcoke19.html Standard Oil Company – 1928] Scripophily.com, 1996–2006. Retrieved November 22, 2006 The Riverside Refinery, built by Kyso circa 1918 in West Louisville, Kentucky, is still the source of considerable study due to environmental concerns [https://web.archive.org/web/20000929212746/http://www.atsdr.cdc.gov/HAC/PHA/rubber/rub_p1.html PUBLIC HEALTH ASSESSMENT RUBBERTOWN INDUSTRIAL AREA JEFFERSON COUNTY, KENTUCKY] Retrieved November 22, 2006.
Harland Sanders, founder of Kentucky Fried Chicken, started his first restaurant, the Sanders Court and Cafe, as part of a Standard Oil station in Corbin, Kentucky, in 1930.[http://www.kfc.com/about/history.asp History-KFC, KFC.com 2006, Retrieved November 22, 2006.] {{webarchive|url=https://web.archive.org/web/20061213132140/http://www.kfc.com/about/history.asp |date=December 13, 2006 }}
= Acquisition by Standard Oil of California =
{{multiple image
|align =right
|total_width = 280
|image1 = Red River Gorge - Pumpjack.jpg
|caption1 = Churchill oil pumpjack at Pendergrass-Murray Recreational Preserve around Red River Gorge
|image2 = Red River Gorge - Wooden Oil Barrel.jpg
|caption2 = Pumpjack and wooden oil barrel in the forests around slate is a reminder of the long history of oil industry in Kentucky
|footer =
}}
In 1961, Kyso was acquired by Standard Oil of California, effectively pushing Esso out of the former Kyso territory. Esso began marketing itself across the region as the "official" Standard brand oil. In 1966, Chevron sued over the use of Standard, and won, forcing Esso to rebrand itself as Enco over the former Kyso territory. During and after the merger, Kyso constructed the Pascagoula Refinery in Pascagoula, Mississippi, which began operations in 1963, and continues to operate today.[http://www.chevron.com/products/about/pascagoula/refineryprofile/ Pascagoula Refinery Profile], Chevron.com, 2002–2006. Retrieved November 22, 2006. In 1984, Standard Oil of California merged with Gulf Oil and renamed itself to Chevron;{{Cite news |last=Isikoff |first=Michael |date=April 27, 1984 |title=Socal-Gulf Merger Plan Is Approved |work=The Washington Post |url=https://www.washingtonpost.com/archive/business/1984/04/27/socal-gulf-merger-plan-is-approved/b685d118-94a1-42be-98d7-6dd269ac9426/ |access-date=August 31, 2023}} the newly formed company changed over all of the former Kyso stations to the Chevron logo while retaining the Standard brand name. It still maintains some Standard-branded stations in all of its former territories, including the former Kyso states, in order to protect its use of the brand in those areas. Following the acquisition by Chevron, the "Kyso" name fell out of use.{{citation needed|date=February 2018}}
In 2010, Chevron discontinued its retailing operations in Kentucky, leaving ownership of the Standard trademark in Kentucky in limbo.{{cite web|last=Sloan |first=Scott |url=http://www.kentucky.com/2010/05/27/1280935/chevron-stations-changing-in-ky.html |title=Chevron stations changing in Ky. | Business |publisher=Kentucky.com |date=2010-05-27 |accessdate=2012-08-15}} Ironically, in 2016 ExxonMobil (the former Standard Oil of New Jersey, which had merged with Mobil in 1999 and still has stations in Kentucky to this day) was allowed to resume using the Esso trademark nationwide and thus the Esso logo returned to minor station signage at all Exxon and Mobil stations, effectively giving ExxonMobil de facto rights to the Standard name in Kentucky, though they are still owned by Chevron. Neither Chevron nor BP (which acquired Standard Oil of Ohio and Amoco and thus gained Standard trademarks) objected to the ruling.
Though now a defunct brand, Kyso road maps published during the company's prominence in the 1930s and 1940s, are highly sought after by map collectors.[https://www.nytimes.com/2006/11/12/automobiles/collectibles/12MAPS.html?8dpc "When Maps Reflected the Romance of the Road"] The New York Times, November 12, 2006. Retrieved November 22, 2006 note:subscription required.
Bibliography
- [http://pagetutor.com/standard/index.html The History of The Standard Oil Company], 1904 book by Ida M. Tarbell on PageTutor.com
References
{{Reflist|2}}
{{Standard Oil}}
{{Chevron Corporation}}
Category:Defunct oil companies of the United States
Category:Defunct companies based in Kentucky
Category:Energy companies established in 1886
Category:Non-renewable resource companies established in 1886
Category:Non-renewable resource companies disestablished in 1960
Category:1886 establishments in Kentucky
Category:1960 disestablishments in Kentucky
Category: Companies formerly listed on the New York Stock Exchange