What does SONJ stand for?

Standard Oil joined in and was divided into Standard Oil of New Jersey (later Exxon), which set up the American Petroleum Subsidiary Co.

Three foreign corporations--the Creole Petroleum corporation (a subsidiary of Standard Oil of New Jersey, Royal Dutch Shell, and Mene Grande (a subsidiary of Gulf Oil) dominated the Venezuelan oil industry during the twentieth century.

Summary: In September 1928, at a castle in Achnacarry, Scotland, the world's first petroleum oligopoly was created when Royal Dutch Shell, Standard Oil of New Jersey (precursor of Exxon and Exxon-Mobil), and the Anglo-Persian Oil Company (later Anglo-Iranian and then British Petroleum), agreed to forego competition in international markets.

The last one of those that really worked was when Standard Oil of New Jersey became "Exxon" in the 1970s.

Ironically, Exxon, formerly Standard Oil of New Jersey, and Mobil, the erstwhile Standard Oil of New York, were split apart in 1911 when U.

He eventually built Standard Oil of New Jersey into a trust composed of 18 companies operating under a single board of directors.