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Being the biggest oil company in Russia, Rosneft is also the largest publicly traded company in the world based on its hydrocarbon production volume. BP holds a 19.75 % share in Rosneft which makes it a beneficiary to a broad range of existing and future projects in Russia, a country that has huge hydrocarbon resources.
Standard Oil. Standard Oil Co. Inc. was an American oil producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller as a corporation in Ohio, it was the largest oil refinery in the world of its time. Its controversial history as one of the world's first and largest multinational corporations ended in 1911, when the United States Supreme Court ruled that Standard Oil was an illegal monopoly. Standard Oil dominated the oil products market initially through horizontal int