Standard Oil Standard Oil Standard Oil Co. Inc. was an American oil producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller and Henry Flagler as a corporation in Ohio, it was the largest oil refinery in the world of its time. Its history as one of the world's first and largest multinational corporations ended in 1911, when the United States Supreme Court, in a landmark case, ruled that Standard Oil was an illegal monopoly. Standard Oil dominated the oil products market initially through horizontal integration in the refining sector, then, in later years vertical integration; the company was
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