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Standard Oil redux

About 1 pages (313 words)

The Boston Globe, December 2nd, 1998

Exxon and Mobil have come a long way since their partnership under the mantle of John D. Rockefeller Sr. 87 years ago. Rockefeller, through his massive Standard Oil complex, had a hammerlock on the American petroleum industry from wellhead to consumer. In what was then the biggest antitrust case in US history, Standard Oil was split asunder, and Standard Oil of New Jersey, now Exxon, and Standard Oil of New York, now Mobil, became separate companies. Enormous as the prospective reunion of the two largest US oil companies is, monopoly isn't the concern it was in 1911. The new giant would have o...

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