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
Sirte Oil Company Sirte Oil Company Sirte Oil Company (SOC) () is an oil and gas company in Libya operating under the state-owned National Oil Corporation (NOC). The company is located in Brega SOC’s operations include oil and gas exploration and production (E&P) and manufacturing. The company was initially known as Esso Standard Libya Inc., the first company to discover commercial quantities of crude oil in the Zelten oil field. In 1981, Exxon (parent company of Esso Standard) withdrew their Libyan operations, after which Sirte Oil Company was formed as a NOC subsidiary. In 1986, SOC took over the assets of Grace Petroleum,