The share capital of three million rubles was divided as follows: 53,7% Ludwig Nobel, 31,0% Baron Peter von Bilderling, 4,7% I.J.
Pipeline transport was pioneered near Baku by Vladimir Shukhov and the Branobel company in 1878–1880.
[citation needed] Between 1877 and 1901, the company drilled over 500 wells, produced 150 million barrels of oil, and employed 12,000 workers.
The Russian General Oil Corporation, buying a considerable number of shares in the Berlin Exchange, attempted to take control of Branobel.
In May 1920, the Nobel family sold almost half the Branobel's shares in its possession to Standard Oil of New Jersey.