family business


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The decline of the family-owned oil company

Since the first US oil well was drilled in 1859, countless families have made a name for themselves in the industry. There were many private, family-owned oil and gas firms across the US. America's first billionaire, John D. Rockefeller, built his fortune from the founding of Standard Oil in 1870. ...

Scott Johnson


Posted 2 months agoOpinion > family businessfamily planningsuccession planning +3

Keeping the oil business in the family

The oil industry is a constant source of stories for the media but one aspect still takes a back seat: the role of family oil businesses, and the unique challenges they face. This is a surprise in an era where people are starting to recognise the positive and vital role played in economies round t ...

Scott Johnson


Posted 1 year agoOpinion > Oilfamily businessUnited Kingdom +1