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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 History of the Standard Oil Company is credited with hastening the breakup of Standard Oil, which came about in 1911, when the Supreme Court of the United States found the company to be violating the Sherman Antitrust Act. The subsequent decision splintered the company into 34 "baby Standards." The value of Rockefeller's shares rose after ...
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.
Standard Oil also has the distinction of being the first billion-dollar company in history. By 1913, Rockefeller's personal fortune had swelled to $900 million — a staggering 3% of the entire U ...
On this day in economic and financial history... 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 ...
Chart detailing the history of some of the largest Standard Oil descendants; bold denotes extant corporations Following the 1911 Supreme Court ruling that found Standard Oil was an illegal monopoly, the company was broken up into 39 different entities, divided primarily by region and activity.
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas.The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is active in more than 180 countries.
Burton rode this important discovery to the presidency of Standard Oil of Indiana in 1918. The company was a leading gasoline purveyor for many years, eventually changing its name to Amoco in 1985.