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Standard Oil's breakup split the company into 34 separate companies. Several of these companies were considered among the Seven Sisters who dominated the industry worldwide for much of the 20th century, and both Standard Oil's direct and indirect descendants make up Big Oil.
- January 10, 1870
- Cleveland, Ohio (1870–1885), New York City, New York (1885–1911)
- 60,000 (1909)
- Oil and gas
6 days ago · When did Standard Oil break up? Standard Oil broke up in 1911 as a result of a lawsuit brought against it by the U.S. government in 1906 under the Sherman Antitrust Act of 1890 . Does Standard Oil still exist?
Successors of Standard Oil. Following the 1911 Supreme Court ruling that found Standard Oil was an illegal monopoly, the company was broken up into 34 different entities, divided primarily by region and activity.
May 15, 2012 · On May 15, 1911, the Supreme Court ordered the dissolution of Standard Oil Company, ruling it was in violation of the Sherman Antitrust Act. The Ohio businessman John D. Rockefeller entered...
Feb 24, 2021 · Learn how Standard Oil, founded by John D. Rockefeller in 1870, became a monopoly and faced a federal lawsuit that led to its dissolution in 1911. See how the spin-off companies evolved into some of the largest energy providers in the world today.
The United States brought suit against the Standard Oil Company of New Jersey, alleging that it violated the Sherman Antitrust Act because its acquisitions were an undue restraint of trade. The Court first ruled that Congress had the power to pass the Sherman Antitrust Act under the Commerce Clause of the Constitution.
The court ruled in favor of the United States and held that a business combination was illegal when it was engaged in unreasonable restraint to trade. This resulted in the breakup of Standard Oil into separate companies, all in competition with one another, effectively lowering prices. Background
