Standard Oil of Kentucky

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
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.

History

Formation and early years

The Standard Oil Company of Kentucky was incorporated on October 8, 1886 under Kentucky laws.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. 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

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, 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 Oil products. In 1930, it acquired the assets of Reed Oil Corp. of Atlanta, Georgia.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

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.

Acquisition by Chevron

In 1961, it 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. In 1971, Chevron 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.

In 2010, Chevron discontinued its retailing operations in Kentucky, leaving ownership of the Standard trademark in Kentucky in limbo. 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 thusly 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 thusly 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."When Maps Reflected the Romance of the Road"
''The New York Times'', November 12, 2006. Retrieved November 22, 2006 ''note:subscription required''.

Bibliography

1904 book by Ida M. Tarbell on PageTutor.com

References

{{DEFAULTSORT:Standard Oil Of Kentucky
Standard Oil
Defunct oil companies of the United States
Defunct companies based in Kentucky
Energy companies established in 1886
Non-renewable resource companies established in 1886
Non-renewable resource companies disestablished in 1960
1886 establishments in Kentucky
1960 disestablishments in Kentucky
Chevron Corporation