Standard Oil an "unreasonable" monopoly under the Sherman Antitrust Act, Section II. It ordered Standard to break up into 34 independent companies with different boards of directors, the biggest two of the companies were Standard Oil of New Jersey (which became Exxon) and Standard Oil of New York (which became Mobil). Standard's president, John D. Rockefeller, had long since retired from any management role. But, as he owned a quarter of the shares of the resultant companies, and those share values mostly doubled, he emerged from the dissolution as the richest man in the world. The dissolution had actually propelled Rockefeller's personal
Gilmore Oil Company as the home of the baseball team, the Hollywood Stars. Other attractions on Gilmore Island included speciality shops at The Dell, a drive-in theater and the Pan-Pacific Auditorium. In the 1940s, 75% of the shares in the oil company were acquired by the Socony-Vacuum Oil Company and it was then merged into that group which became Mobil. Gilmore Oil Company The Gilmore Oil Company was an independent oil company in California which was founded by Arthur Fremont Gilmore after he struck oil on his dairy farm in the Fairfax district of Los Angeles around 1903. His son, Earl Bell Gilmore,