It was on the basis of the Sherman Antitrust Act that Theodore Roosevelt’s administration took action to break apart Standard Oil.
The Supreme Court in 1911 the ordered that John D. Rockefeller’s Standard Oil be broken into a number of separate entities.
Standard Oil of New York became Socony; Standard Oil of California became Chevron; Standard Oil of Indiana became Amoco; Standard Oil of New Jersey became Exxon.
Standard Oil of New York’s antecedent was first formed in 1882 and administered most of the trust foreign territories.
The modern company known as Mobil was formed when Vacuum and Socony merged in 1931, becoming the Socony-Vacuum Oil Company.
Vacuum Oil was another company formed from the 1911 breakup. It had roots in the Vacuum Oil Company, which was established in 1866 and came under the control of Standard Oil in 1879.
The company changed its name to Socony Mobil Oil Company in 1955 and on its 100th anniversary of its founding became the Mobil Oil Company in 1966.
The company’s famous Pegasus symbol appeared in 1911 and was first used by a former Socony company in South Africa.
Early
History of Mobil Corporation
Lager Beer Brewing Process
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Lager beer, a globally celebrated beverage, owes its distinct
characteristics to a meticulous brewing process that sets it apart from
other beer styles. Th...