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It ordered Standard to break up into 39 independent companies with different boards of directors, the biggest two of the companies being Standard Oil of New Jersey (which became Exxon) and Standard Oil of New York (which became Mobil).
Oct 10, 2024 · In 1906 the U.S. government brought suit against Standard Oil Company (New Jersey) under the Sherman Antitrust Act of 1890; in 1911 the New Jersey company was ordered to divest itself of its major holdings—33 companies in all.
Standard Oil Co. of New Jersey v. United States, 221 U.S. 1 (1911), was a landmark U.S. Supreme Court decision in which the Court ruled that John D. Rockefeller 's petroleum conglomerate Standard Oil had illegally monopolized the American petroleum industry and ordered the company to break itself up. [1] .
May 29, 2018 · The historic 1911 decision broke up Rockefeller's company into six main entities: Standard Oil of New Jersey (Esso, now Exxon), Standard Oil of New York (Socony, now Mobil), Standard Oil of Ohio, Standard Oil of Indiana (now Amoco, part of BP), and Standard Oil of California (now Chevron). Rockefeller remained nominal head of Standard Oil until ...
Sep 13, 2024 · In 1882, Standard Oil Trust created a network of Standard Oil companies throughout the country, led by a board of trustees, where Rockefeller owned over one third of the certificates. By the late 1880s, Standard Oil controlled 90% of American refineries.
Standard Oil Co. of New Jersey v. United States was a Supreme Court case that tested the strength of the Sherman Antitrust Act of 1890. The most contentious business case at the time to reach the Supreme Court saw the United States government take on the countries largest corporation (Standard Oil) and John D. Rockefeller, the countries ...
Feb 3, 2011 · The aim of this discussion is to elucidate the evolution of the management concepts, organizational patterns, and policies of the Standard Oil Company (New Jersey). In point of fact, these topics are discussed primarily with reference to the origin and development of the Standard Oil combination under its various legal titles prior to 1911.
