AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Legacy of Standard Oil
Various companies like Mobile, Chevron, Amaco, Sohio, Marathon, ARCO, ConocoPhillips, and Pennzoil trace their roots back to the breakup of Standard Oil. These companies were once part of the immense empire built by John D. Rockefeller. ExxonMobil represents a significant conglomerate of the original Standard Oil businesses. Rockefeller's personal wealth grew substantially post the breakup, reaching around $25 billion in 2021 adjusted dollars by 1913.