JP Morgan and the attorney Elbert Gary founded United States Steel Corporation (US Steel) in 1901 and incorporated on February 25, 1901 by combining Andrew Carnegie's Carnegie Steel Company with Gary's Federal Steel Company and William Henry Moore's National Steel Company. The company became the first billion dollar company in the world. US Steel was the largest steel producer and largest corporation in the world at one time. It acquired oil companies during 1980s and now a majority portion of the company's revenue and profits are from its energy subsidiaries. US Steel and the energy companies are now under the holding company USX Corporation.
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