1911 Standard Oil dissolution and mega mergers in the 1990's

A Classification of American Wealth
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1911 Standard Oil dissolution and mega mergers in the 1990's

… a series of mega-mergers in which several of the former Standard Oil companies and other seven sisters were united. In 1998, BP acquired Amoco (the former Standard Oil of Indiana) for $ 48 billion and in 1999 ARCO (Atlantic Richfield) for $ 27 billion. ARCO comprises the former Atlantic Refining Company of Philadelphia, which was part of Standard Oil and had been founded by William Gray Warden. On November 30, 1999 the merger of the two largest US oil companies, Exxon (the former Standard Oil of New Jersey) and Mobil (the former SOCONY-Vacuum Oil) …

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