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 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 general partnership of Gulf Oil (now part of Chevron Corporation) and Standard Oil of Indiana (now part of BP). It was named after the Rio Blanco County, Colorado, the location of the company's oil shale tract. The Rio Blanco Oil Shale Company was established in 1974. In 1974, it win a bid for Federal Oil Shale Lease C-a in the Rio Blanco County. In 1977, the company started preparations to demonstrate its