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
Rio Blanco Oil Shale Company $132 million. Later the company acquired the modified in-situ technology developed by Occidental Petroleum. The major differences of two technologies lay in methods of rubblizing and fractioning of the shale deposit. The company also obtained a license for using the Lurgi-Ruhrgas process. In 1985, Amoco (former Standard Oil of Indiana) took control over the company acquiring Gulf Oil's take from the Chevron Corporation. In the same year, the company ceased its operations. Rio Blanco Oil Shale Company The Rio Blanco Oil Shale Company was an American shale oil extraction technology research and development company. The company was established as a