What happened to Standard Oil of Indiana?
What happened to Standard Oil of Indiana?
What happened to Standard Oil of Indiana?
Standard’s two largest refineries are located in Whiting and Texas City, Texas. Standard Oil of Indiana officially became Amoco Corporation in 1985 and merged with British Petroleum (now BP) in 1998. It was the world’s largest industrial merger at the time.
Do the Rockefellers still own Standard Oil?
Heirs to the oil fortune created by John D. Rockefeller, who founded Standard Oil in 1870, are exiting the family business.
What were the 34 companies of Standard Oil?
Standard Oil
| Type | Cleveland, Ohio Corporation (1870) Business trust (1882–1892) New Jersey Holding Company (1899–1911) |
|---|---|
| Defunct | After its dissolution in 1911, the original Standard Oil Co. split into Sohio (now part of BP); ESSO (now Exxon); and SOcal (now Chevron) |
| Successor | 34 successor entities |
What companies did Standard Oil break up into?
In 1911, following the Supreme Court ruling, Standard Oil was broken into seven successor companies; Standard Oil of New Jersey, Standard Oil of New York, Standard Oil of California, Standard Oil of Indiana, Standard Oil of Kentucky, The Standard Oil Company (Ohio), and The Ohio Oil Company.
How much is Rockefeller worth in today’s money?
With a peak net worth of approximately US$418 billion in 2019 dollars, American oil magnate John D. Rockefeller is the richest person in American history, and the richest person in the post-Industrial Revolution era.
How rich is the Rockefeller family?
$11 billion dollars
Rockefeller the richest person in American history. Today, the Rockefeller family is worth an estimated $11 billion dollars. This makes them one of the richest families in the world.
What is Standard Oil called today?
Standard Oil Company (New Jersey) changed its name to Exxon Corporation in 1972. British Petroleum Company PLC completed the purchase of Standard Oil Company (Ohio) in 1987, and in 1998 British Petroleum (renamed BP) merged with Amoco.
How Standard Oil was broken up?
Standard Oil broke up in 1911 as a result of a lawsuit brought against it by the U.S. government in 1906 under the Sherman Antitrust Act of 1890.