Standard Oil
Company Name | Standard Oil |
Category | Energy |
Year Founded | 1870 |
Final Year of Operation | 1911 |
Country | United States (Details) |
Source of Text | Wikipedia |
Text Credit URL | Link |
Company History:
Standard Oil Company, Inc., was an American oil production, transportation, refining, and marketing company that operated from 1870 to 1911. At its height, Standard Oil was the largest petroleum company in the world. Its history as one of the world's first and largest multinational corporations ended in 1911, when the U.S. Supreme Court ruled that it was an illegal monopoly.
Rockefeller ran the company as its chairman, until his retirement in 1897. He remained the major shareholder, and in 1911, with the dissolution of the trust into 34 smaller companies, Rockefeller became the richest person in modern history, as the initial income of these individual enterprises proved to be much bigger than that of a single larger company. Its successors such as Chevron, ExxonMobil, Amoco, and Marathon Petroleum, are still among the companies with the largest revenues in the world.
Rockefeller ran the company as its chairman, until his retirement in 1897. He remained the major shareholder, and in 1911, with the dissolution of the trust into 34 smaller companies, Rockefeller became the richest person in modern history, as the initial income of these individual enterprises proved to be much bigger than that of a single larger company. Its successors such as Chevron, ExxonMobil, Amoco, and Marathon Petroleum, are still among the companies with the largest revenues in the world.
Brief History:
The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.
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Standard Oil - Energy
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Item created by: gdm
on 2017-10-12 12:26:15
Last edited by: George on 2025-04-24 13:05:25
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Last edited by: George on 2025-04-24 13:05:25
If you see errors or missing data in this entry, please feel free to log in and edit it. Anyone with a Gmail account can log in instantly.