Standard Oil
In 1862 he returned to New York with the intention of retiring from all business activities. However, as a consequence of his relation by marriage to William Rockefeller, he became interested in the affairs of the Standard Oil Company. In 1871, when Standard Oil was incorporated in Ohio, Jennings was one of the original stockholders. Of the initial 10,000 shares, John D. Rockefeller received 2,667; William Rockefeller, Henry Flagler, and Samuel Andrews received 1,333 each; Stephen V. Harkness received 1,334; Jennings received 1,000; and the firm of Rockefeller, Andrews & Flagler received 1,000.
Jennings served as a director of Standard Oil of Ohio and then as a trustee of the Standard Oil Trust that resulted from the company's reorganization in 1882.
Read more about this topic: Oliver Burr Jennings
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