El Segundo actually was started by Standard Oil. Until the last twenty -five years probably 85% of the population worked for Standard Oil at their plant on the south side of the city.
The name El Segundo means second and El Segundo was the second site owned by Standard Oil in the area.
Throughout the years Standard Oil has contributed a lot of money to the town. The library is much larger then those found in other similar sized cities and was built with monetary donations from the company.