Many world oil companies such as Exxon Mobil, Chevron, BP, Amoco, Conoco, Arco are from Standard Oil Company. An oil company owned by the Rockefeller family.
These oil companies exploit oil and gas all over the world including Africa and Indonesia. Sometimes they make US president that they help in presidential campaign to make “War for Oil” such as to Iraq. They also try to attack Libya to get its oil but fail until now.
The Jewish oil companies monopoly the world oil. They forced people to buy oil with a very expensive price.
Antitrust law violations
In 1911, the Supreme Court of the United States found Standard Oil Company of New Jersey in violation of the Sherman Antitrust Act and held that Standard Oil, which by then still had a 64% market share, originated in illegal monopoly practices and ordered it to be broken up into 34 new companies. These included, among many others, Continental Oil, which became Conoco, now part of ConocoPhillips; Standard of Indiana, which became Amoco, now part of BP; Standard of California, which became Chevron; Standard of New Jersey, which became Esso (and later, Exxon), now part of ExxonMobil; Standard of New York, which became Mobil, now part of ExxonMobil; and Standard of Ohio, which became Sohio, now part of BP. Rockefeller, who had rarely sold shares, owned substantial stakes in all of them.
The successor companies from Standard Oil’s breakup form the core of today’s US oil industry. (Several of these companies were considered among the Seven Sisters who dominated the industry worldwide for much of the twentieth century.) They include:
- Standard Oil of New Jersey (SONJ) – or Esso (S.O.) – renamed Exxon, now part of ExxonMobil. Standard Trust companies Carter Oil, Imperial Oil (Canada), and Standard of Louisiana were kept as part of Standard Oil of New Jersey after the breakup.
- Standard Oil of New York – or Socony, merged with Vacuum – renamed Mobil, now part of ExxonMobil.
- Standard Oil of California – or Socal – renamed Chevron, became ChevronTexaco, but returned to Chevron.
- Standard Oil of Indiana – or Stanolind, renamed Amoco (American Oil Co.) – now part of BP.
- Standard’s Atlantic and the independent company Richfield merged to form Atlantic Richfield or ARCO, now part of BP. Atlantic operations were spun off and bought by Sunoco.
- Standard Oil of Kentucky – or Kyso was acquired by Standard Oil of California – currently Chevron.
- Continental Oil Company – or Conoco now part of ConocoPhillips.
- Standard Oil of Ohio – or Sohio now part of BP.
- The Ohio Oil Company – more commonly referred to as “The Ohio”, and marketed gasoline under the Marathon name. The company is now known as Marathon Oil Company, and was often a rival with the in-state Standard spinoff, Sohio.
Other Standard Oil spin-offs:
- Standard Oil of Iowa – pre-1911 – became Standard Oil of California.
- Standard Oil of Minnesota – pre-1911 – bought by Standard Oil of Indiana.
- Standard Oil of Illinois – pre-1911 – bought by Standard Oil of Indiana.
- Standard Oil of Kansas – refining only, eventually bought by Indiana Standard.
- Standard Oil of Missouri – pre-1911 – dissolved.
- Standard Oil of Louisiana – always owned by Standard Oil of New Jersey (now ExxonMobil).
- Standard Oil of Brazil – always owned by Standard Oil of New Jersey (now ExxonMobil).
Other companies divested in the 1911 breakup:
- Anglo-American Oil Co. – acquired by Jersey Standard in 1930, now Esso UK.
- Buckeye Pipeline Co.
- Borne-Scrymser Co. (chemicals)
- Chesebrough Manufacturing (now Unilever, manufacturer of Vaseline)
- Colonial Oil.
- Crescent Pipeline Co.
- Cumberland Pipe Line Co.
- Eureka Pipe Line Co.
- Galena-Signal Oil Co.
- Indiana Pipe Line Co.
- National Transit Co.
- New York Transit Co.
- Northern Pipe Line Co.
- Prairie Oil & Gas.
- Solar Refining.
- Southern Pipe Line Co.
- South Penn Oil Co. – eventually became Pennzoil, now part of Shell.
- Southwest Pennsylvania Pipe Line Co.
- Swan and Finch.
- Union Tank Lines.
- Washington Oil Co.
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