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 Co. v. United States (Standard Stations) Standard Oil Co. v. United States (Standard Stations) Standard Oil Co. v. United States, 337 U.S. 293 (1949), more commonly referred to as the "Standard Stations" case (because that was the brand name of the company whose exclusive dealing contracts were held unlawful in the case. and also because there is a 1911 case with the same caption "Standard Oil Co. v. United States"), is a 1947 decision of the United States Supreme Court in which requirements contracts for gasoline stations (Standard Stations) were held to violate section 3 of the Clayton Act. That statute prohibits selling goods on the