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
Midwest Oil Company Hotel in 1983. Midwest Oil Company Hotel The Midwest Oil Company Hotel, at 136 East 6th Street in Casper, Wyoming, is an historic hotel building which was listed on the National Register of Historic Places in 1983. It has also served as the Casper Women's Club House. Originally built by the Midwest Oil Company to accommodate workers during the Casper oil boom, it was taken over by Standard Oil Company of Indiana when that company bought Midwest Oil. In the 1930s, in the waning days of oil production in Natrona County, a local women's organization bought the hotel for $8,000 and