Lyman Stewart (July 22, 1840 – September 28, 1923) was a

U.S. The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

businessman and co-founder of

Union Oil Company of California Union Oil Company of California, and its holding company Unocal Corporation, together known as Unocal was a major petroleum explorer and marketer in the late 19th century, through the 20th century, and into the early 21st century. It was headqu ...

, which eventually became

Unocal Union Oil Company of California, and its holding company Unocal Corporation, together known as Unocal was a major petroleum explorer and marketer in the late 19th century, through the 20th century, and into the early 21st century. It was headqu ...

. Stewart was also a significant

Christian Christians () are people who follow or adhere to Christianity, a monotheistic Abrahamic religion based on the life and teachings of Jesus Christ. The words ''Christ'' and ''Christian'' derive from the Koine Greek title ''Christós'' (Χρι ...

philanthropist Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...

and cofounder of the Bible Institute of Los Angeles (now known as

Biola University Biola University () is a private, nondenominational, evangelical Christian university in La Mirada, California. It was founded in 1908 as the Bible Institute of Los Angeles. It has over 150 programs of study in nine schools offering bachelor's, ...

). He and his brother Milton also anonymously funded publication of ''

The Fundamentals ''The Fundamentals: A Testimony To The Truth'' (generally referred to simply as ''The Fundamentals'') is a set of ninety essays published between 1910 and 1915 by the Testimony Publishing Company of Chicago. It was initially published quarterly in ...

'', the foundation document of

Christian fundamentalism Christian fundamentalism, also known as fundamental Christianity or fundamentalist Christianity, is a religious movement emphasizing biblical literalism. In its modern form, it began in the late 19th and early 20th centuries among British and ...

. Stewart also helped found the

Union Rescue Mission Union commonly refers to: * Trade union, an organization of workers * Union (set theory), in mathematics, a fundamental operation on sets Union may also refer to: Arts and entertainment Music * Union (band), an American rock group ** ''U ...

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

Early life

Stewart was born in 1840 in northwestern

Pennsylvania Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, ...

, and worked for his father who was a tanner. When

Edwin Drake Edwin Laurentine Drake (March 29, 1819 – November 9, 1880), also known as Colonel Drake, was an American businessman and the first American to successfully drill for oil. Early life Edwin Drake was born in Greenville, New York on March 2 ...

discovered oil near

Titusville, Pennsylvania Titusville is a city in the far eastern corner of Crawford County, Pennsylvania, United States. The population was 5,601 at the 2010 census and an estimated 5,158 in 2019. Titusville is known as the birthplace of the American oil industry and for ...

in 1859, Stewart tried drilling wells in the same area. After two disastrous attempts, he served a three-year enlistment in the 16th Pennsylvania Cavalry during the

American Civil War The American Civil War (April 12, 1861 – May 26, 1865; also known by other names) was a civil war in the United States. It was fought between the Union ("the North") and the Confederacy ("the South"), the latter formed by states th ...

Oil career

After the war, Stewart again tried to drill for oil, but he was still unsuccessful. In 1877, Stewart was introduced to Wallace Hardison (a relative of one of his friends). Hardison agreed to financially support Stewart, so they purchased some land where they hoped to find oil. They enjoyed some moderate success. When

John D. Rockefeller John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American business magnate and philanthropist. He has been widely considered the wealthiest American of all time and the richest person in modern history. Rockefeller was ...

started to consolidate oil holdings in the eastern U.S., Hardison and Stewart sold their interests to

Standard Oil Standard Oil Company, Inc., was an American oil production, transportation, refining, and marketing company that operated from 1870 to 1911. At its height, Standard Oil was the largest petroleum company in the world, and its success made its co-f ...

and moved to

California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...

. Stewart and his partner found the success they sought in California. By 1886, the Hardison and Stewart Oil Company was responsible for 15% of all oil production in California. In 1890, they merged their interests with those of

Thomas Bard Thomas Robert Bard (December 8, 1841March 5, 1915) was an American political leader in California who assisted in the organization of Ventura County and represented the state in the United States Senate from 1900 to 1905 as a Republican. He is kn ...

and Paul Calonico to form the

Union Oil Company Union Oil Company of California, and its holding company Unocal Corporation, together known as Unocal was a major petroleum explorer and marketer in the late 19th century, through the 20th century, and into the early 21st century. It was headqu ...

. As president of Union Oil, Stewart heavily invested in new wells and expanded his company's market capitalization from $10 million in 1900 to over $50 million in 1908.

Philanthropy

Stewart founded the Pacific Gospel Mission (now the

) in 1891. In 1908, Stewart, along with noted

author T.C. Horton, founded the

Bible Institute of Los Angeles Biola University () is a private, nondenominational, evangelical Christian university in La Mirada, California. It was founded in 1908 as the Bible Institute of Los Angeles. It has over 150 programs of study in nine schools offering bachelor's ...

(now known as

). In 1917, he donated $4,500 to fund construction of Stewart Hall at

Toccoa Falls College Toccoa Falls College is a private Christian college in Toccoa Falls, Georgia. The campus occupies , bordering the Chattahoochee National Forest and is home to Toccoa Falls, a high waterfall. It is affiliated with the Christian and Missionary ...

References

External links

Harvard Business School ''20th Century American Leaders'' database

"Whiskey and Gunpowder" article featuring biographical information about Lyman Stewart
{{DEFAULTSORT:Stewart, Lyman American businesspeople in the oil industry Businesspeople from California Founders of the petroleum industry Union Oil Company of California 1840 births 1923 deaths Biola University American Christians 19th-century American businesspeople