Posted 1 year ago on March 4, 2013, 1:33 p.m. EST by TrevorMnemonic
This content is user submitted and not an official statement
Exxon and Mobil were born from the monopoly known as Standard Oil.
On May 15, 1911, the US Supreme Court upheld the lower court judgment and declared the Standard Oil group to be 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)
Since then they have become ExxonMobil.
ExxonMobil also OWNS HUNDREDS OF SUBSIDIARIES such as Imperial Oil Limited (69.6% ownership) in Canada, and SeaRiver Maritime, a petroleum shipping company. Subsidiaries Aera Energy, Esso, Esso Australia, Exxon, Exxon Neftegas, Imperial Oil (69,6%), Mobil, Mobil Producing Nigeria, SeaRiver Maritime, Superior Oil Company, Vacuum Oil Company, XTO Energy
Reforming the monopoly.
The More You Know