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
James McDonald (businessman) Company of Kentucky and James McDonald went to England to aid in the organization and development of the Anglo-American Oil Company, now Esso UK, another subsidiary of the Standard Oil Company, through which its export business was conducted. McDonald was made Chairman of the Anglo American Oil Company and also became a director in various other companies throughout Europe. He was the representative of the parent organization in all of its dealings with the foreign companies and to him is due, in large measure, the remarkable organization which the Standard Oil company has built up. McDonald, although born under the