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Shareholders of Standard Oil of New Jersey received fractional shares in 33 new companies formed by the dissolution, [82] and the domination of Standard was forced to give way to competition.
Ironically, Exxon, formerly Standard Oil of New Jersey, and Mobil, the erstwhile Standard Oil of New York, were split apart in 1911 when U.S.
Although CFP was legally a private corporation, its statutes gave the French government important powers over the company, making it in reality a quasi-state firm.(1) The fourth group--that is, Near East Development--was a mini-consortium in its own right, consisting of five American oil finns: Standard Oil of New Jersey (today Exxon), Standard Oil of New York (Socony, today Mobil), Gulf Oil, Pan-American Petroleum and Transport, and Atlantic Refining (today Arco).(2)
Rockefeller, Industrialist and Philanthropist (1953), while the late Ralph and Muriel Hidy did the same for Standard Oil of New Jersey in Pioneering in Big Business, 1882-1911 (1955).
Built in early 1900s by Standard Oil of New Jersey, the refinery -- nicknamed "the gasoline machine" -- can exert an outsized influence on the New York Mercantile Exchange futures market as it is located near New York Harbor, the delivery point for settling the exchange's RBOB gasoline and heating oil futures contracts.
He eventually built Standard Oil of New Jersey into a trust composed of 18 companies operating under a single board of directors.
* In 1938 Standard Oil of New Jersey transfers technical know-how for TEL manufacture to Nazi Germany's Farben.
Thus, for instance, a nation that could be self-sufficient in oil products has periodically been a net importer of even crude oil; Ecopetrol, the state oil company established in 1951 to assume responsibility for Standard Oil of New Jersey's De Mares concession and refinery, actually subsidized Standard Oil's purchase of crude oil abroad to operate the Cartagena refinery in the late 1950s, with Standard Oil in turn marketing those products at high markup in Colombia.
The company was formed to control TEL production throughout Britain and France, and its primary goal was to expand the use of TEL, which it did by the clever expedient of making shareholders out of six leading oil companies-BP, Shell, Esso (as Standard Oil of New Jersey was known in England), Mobil, Chevron and Texaco-as well as General Motors.
The other day when they posted the banns for the impending remarriage of Exxon and Mobil, formerly Standard Oil of New Jersey and Standard Oil of New York, centerpieces of John D.'s great trust, I thought of those days in Ormond Beach, bathed in the afterglow of the old man's long sunset.
Nelson's son Michael was dispatched to Dutch New Guinea in 1961, ostensibly to collect "primitive art" from indigenous peoples of the remote rain-forest region; simultaneously, Standard Oil of New Jersey (later Exxon) won joint mineral exploration rights there with Royal Dutch Shell.
Standard Oil of New Jersey, Standard Oil of California, Gulf Oil, Texas Oil and Socony-Mobil, along with eight smaller U.S.
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