Standard Oil of New Jersey

Standard Oil of New Jersey was a major American oil company founded in 1911 after the original Standard Oil was broken up due to antitrust laws. It became one of the largest and most influential oil monopolies, controlling a significant portion of oil production, refining, and distribution in the U.S. It later grew into Exxon, one of the world's biggest oil corporations. The company's practices helped shape the modern oil industry and highlighted issues around monopolies and fair competition.