The Evolution of Standard Oil

By Jeff Desjardins of Visual Capitalist

In today’s chart, we look at the “fragments” of Standard Oil, and who owns these assets today. At the turn of the 20th century, John D. Rockefeller’s Standard Oil was a force to be reckoned with. In the year 1904, it controlled 91% of oil production and 85% of final sales in the United States. As a result, an antitrust case was filed against the company in 1906 under the Sherman Antitrust Act, arguing that…Read More