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60,000 (1909) [5] Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of the Standard Oil Company (Ohio), which had been founded in 1870 by John D. Rockefeller. The trust was born on January 2, 1882, when a group of 41 investors signed the ...
United States v. Standard Oil Co. of New Jersey, 173 F. 177 (C.C.E.D. Mo. 1909) The Standard Oil Company conspired to restrain the trade and commerce in petroleum, and to monopolize the commerce in petroleum, in violation of the Sherman Act, and was split into many smaller companies. Several individuals, including John D. Rockefeller, were fined.
ExxonMobil is mostly composed of the Standard Oil Company of New Jersey (Jersey Standard) and the Standard Oil Company of New York (Socony). The two companies partnered on a semi-frequent basis during their infancy before pursuing mergers and acquisitions, with Jersey Standard buying Texas-based Humble Oil and Socony merging with Standard descendant Vacuum Oil to form Socony-Vacuum. [3]
Around the turn of the twentieth century, Big Oil was John D. Rockefeller's Standard Oil Trust. By 1904, the monopoly controlled 91% of the U.S. oil market and 85% of final sales. But it was in ...
At the end of 1881, Standard Oil was only one of John D. Rockefeller's many companies in the growing oil industry. On Jan. 2, 1882, everything became part of the Standard Oil Trust, which The Rise ...
Many oil and gas stocks have pulled back now that the price of West Texas Intermediate crude oil (the U.S. benchmark) is hovering around $74 per barrel.
The Standard Oil Company (Ohio) was an American petroleum company that existed from 1870 to 1987. The company, known commonly as Sohio, was founded by John D. Rockefeller. [4][2] It was established as one of the separate entities created after the 1911 breakup. In the 1960s, The Standard Oil Company partnered with BP, in the development of the ...
04035331. The History of the Standard Oil Company is a 1904 book by journalist Ida Tarbell. It is an exposé about the Standard Oil Company, run at the time by oil tycoon John D. Rockefeller, the richest figure in American history. Originally serialized in nineteen parts in McClure's magazine, the book is a seminal example of muckraking, and ...