By 1911, with public outcry at a climax, the Supreme Court of the United States ruled in Standard Oil Co. in 1904, leading to a growing outcry for the government to take action against the company. Tarbell's classic exposé The History of the Standard Oil Co. The reputation of Standard Oil in the public eye suffered badly after publication of Ida M. The anti-monopoly proceedings against the Standard Oil were launched in 1898. In 1899, Standard Oil Company of New Jersey became the holding company for the Standard Oil Interests. In 1898, Standard Oil of New Jersey acquired controlling stake in Imperial Oil of Canada. In 1893, the Chinese and the whole Asian kerosene market was assigned to Standard Oil Company of New York in order to improve trade with the Asian counterparts. ![]() The Standard Oil Trust was dissolved under the Sherman Antitrust Act in 1892 however, it reemerged as the Standard Oil Interests. At the same year, a sale branch for Italy, Società Italo Americana pel Petrolio, was established in Venice. In 1891, a sale branch for the Netherlands and Belgium, American Petroleum Company, was established in Rotterdam. In 1890, Standard Oil, together with local ship merchants in Bremen established Deutsch-Amerikanische Petroleum Gesellschaft (later: Esso A.G.). The Anglo-American Oil Company was established in the United Kingdom in 1888. In 1882, it together with its affiliated companies was incorporated as the Standard Oil Trust with Standard Oil Company of New Jersey and Standard Oil Company of New York as its largest companies. Rockefeller and partners in 1870 as the Standard Oil Company of Ohio. United States Origins īoth Exxon and Mobil were descendants of Standard Oil, established by John D. Main articles: Standard Oil and Standard Oil Co. The company is frequently included near the top of the Fortune 500 and Fortune Global 500, and trails only Saudi Aramco in market capitalization among all the world's energy firms. Today, ExxonMobil is the largest investor-owned oil and gas company in the world by revenue and market capitalization. Because of Standard Oil of New Jersey's ownership over all Standard Oil assets at the time of the 1911 breakup, ExxonMobil is seen by some as the definitive continuation of Standard Oil today. The present name of the company comes from a 1999 merger of Standard Oil's New Jersey and New York successors, which adopted the names Exxon and Mobil respectively throughout the middle of the 20th century. ![]() Rockefeller's Standard Oil, the company traces its roots as far back as 1886 to the founding of the Vacuum Oil Company, which would become part of ExxonMobil through its own merger with Mobil during the 1930s. ExxonMobil, an American multinational oil and gas corporation presently based out of Texas, has had one of the longest histories of any company in its industry.
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