Exxon and Mobil Merge to Form World’s Largest Oil Company
At a glance:
- Series: Great Events: 1900-2001
- Categories: Economics, Natural Resources
- Subcategories: Business, Trade, Commerce, Energy, Fuel, Power Sources
- Curriculum: American History 1951-present
- Geographical Location: Texas
- Date: December 1, 1998
Article abstract: In 1909, antitrust action divided John D. Rockefeller’s Standard Oil Trust. The two largest parts became Exxon and Mobil, giant global corporations. Their reintegration in 1998 created both the largest U.S. corporation and the world’s largest petroleum company.
Black Gold
The U.S. petroleum industry began in the nineteenth century in the oil fields of Pennsylvania, grew on the production of kerosene, and consolidated under John D. Rockefeller’s leadership. While others focused on exploration and production, Rockefeller...
[The entire page is 1042 words long]
Join eNotes
Over 3,500 study guides, question and answer forums, literature criticism, reference content, and much more!
