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
Standard Oil of Kentucky 1930, it acquired the assets of Reed Oil Corp. of Atlanta, Georgia. The Riverside Refinery, built by Kyso circa 1918 in West Louisville, Kentucky, is still the source of considerable study due to environmental concerns Harland Sanders, founder of Kentucky Fried Chicken, started his first restaurant, the Sanders Court and Cafe, as part of a Standard Oil station in Corbin, Kentucky, in 1930. In 1961, it was acquired by Standard Oil of California, effectively pushing Esso out of the former Kyso territory. Esso began marketing itself across the region as the "official" Standard brand oil. In 1966, Chevron sued over