Who was the first oil company?

The first oil company is generally considered to be the Pennsylvania Rock Oil Company, founded in 1854 by Edwin L. Drake in Titusville, Pennsylvania. This company is notable for drilling the first commercial oil well in the United States in 1859, which marked the beginning of the modern petroleum industry. However, there were earlier ventures related to oil extraction and refining, but they did not operate as formal companies in the same way.