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| Standard Oil's Refinery No.1 |
The merger of Exxon and Mobil was completed to form ExxonMobil, which is the largest publicly traded corporation in the world by market capitalization and became the largest oil refinery in the world. Both Exxon and Mobil were direct descendents of John Davison Rockefeller's Standard Oil company, which was the largest oil refinery in the world and was broken up by the United States Supreme Court in 1911. In less than a century after the court ordered break-up, the descendants of Rockefeller's oil company formed the largest oil refinery again. Quite an impressive resilience. Is it a result of fortunate succession of good management team over years or a well-planned long-term survival plan or just a good business model?
Sherman Antitrust Act... antitrust legislation and antitrust authorities may be one of the most important contributors to the vital US economy. The history of the US antitrust activities is always impressive.
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