Everything about Standard Oil Of Ohio totally explained
Standard Oil of Ohio or
Sohio was an
American oil company that was acquired by
British Petroleum, now called BP.
It was one of the successor companies to
Standard Oil after the
antitrust breakup in 1911. Standard Oil of Ohio was the original Standard Oil company founded by
John D. Rockefeller. It operated service stations under the "Sohio" brand name in Ohio. The company used the same logo, but with "
Boron" as the brand name in other states.
A merger between Sohio and BP was negotiated with Sohio through
Charlie Spahr, then CEO of Sohio in 1968. Although the merger was announced as an acquisition of BP interests in North America by Sohio, the terms included the stipulation that BP would assume majority interest when Sohio's share of production from the
Prudhoe Bay oilfield in
Alaska reached 600,000 barrels/day. BP took majority ownership of the company in 1978 when the benchmark level was attained. In 1987, after all other
Standard Oil descendants had minimized use of the name
Standard, Standard of Ohio, proud to be the original, sought to corporately rebrand itself under the Standard name while continuing to use the
Sohio brand and others to sell products in Ohio. However, later that year BP bought the 45% of Sohio it didn't already own and assumed control. Among the first changes was the rebranding of all Sohio and Boron stations to 'BP' in 1991.
The Boron name was used outside of Ohio in neighboring states, like Michigan, Pennsylvania, and Kentucky.
Sohio's
credit cards, like other oil company cards at the time, cardholders could charge purchases at several competitors' stations when traveling outside of Ohio. The benefit passed away with the Sohio brand. Exxon had a similar arrangement as well.
Although Sohio gas stations have ceased to exist, a few marina gas stations on
Lake Erie and the
Ohio River still bear the Sohio name.
When BP merged with
Amoco, its American headquarters moved from the former
BP America Building on
Public Square in
Cleveland to
Chicago.
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