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87-666: This was the last F1 car to run on Esso fuel along with the Williams FW31 until the McLaren MP4-30 in 2015, as well as last non-British based F1 car to run on Esso until Toro Rosso STR12 in the 2017. At the Australian Grand Prix and the Malaysian Grand Prix races, an official complaint was launched by other teams against the rear diffusers of the Williams FW31 , Toyota TF109 and

174-535: A 65.4% payout ratio . The total net earnings from 1882 to 1906 amounted to $ 838,783,800 (equivalent to $ 21,321,800,000 in 2023), exceeding the dividends by $ 290,347,800, which was used for plant expansions. In 1896, John Rockefeller retired from the Standard Oil Co. of New Jersey, the holding company of the group, but remained president and a major shareholder. Vice-president John Dustin Archbold took

261-524: A British petroleum entrepreneur in Mexico, began negotiating with Standard Oil in 1912–13 to sell his "El Aguila" oil company, since Pearson was no longer bound to promises to the Porfirio Díaz regime (1876–1911) to not to sell to U.S. interests. However, the deal fell through and the firm was sold to Royal Dutch Shell . Standard Oil's production increased so rapidly it soon exceeded U.S. demand and

348-471: A beam of 32 feet (9.8 m), a depth of 10 feet 6 inches (3.2 m), and had a bulletproof wheelhouse. Mei Ping ("Beautiful Tranquility"), launched in 1927, was designed off-shore, but assembled and finished in Shanghai. Its oil-fuel burners came from the U.S. and water-tube boilers came from England. Standard Oil Company and Socony-Vacuum Oil Company became partners in providing markets for

435-665: A dozen or so within Standard Oil knew the extent of company operations. The committee counsel, Simon Sterne , questioned representatives from the Erie Railroad and the New York Central Railroad and discovered that at least half of their long-haul traffic granted rebates and much of this traffic came from Standard Oil. The committee then shifted focus to Standard Oil's operations. John Dustin Archbold , as president of Acme Oil Company, denied that Acme

522-559: A flexi disk which was given away free in hardware stores. In the 1930s, Esso acquired Cleveland, an independent company based in North East England. Its founder and principal shareholder, Norman Davis, had spent some of World War I with his brother Manuel in Cleveland , Ohio . Cleveland's products included a benzole blend and an alcohol blend called "Discol". The Esso and Cleveland names continued in use until 1973, when

609-457: A gallon or forty-two cents a barrel, an effective 71% discount from its listed rates in return for a promise to ship at least 60 carloads of oil daily and to handle loading and unloading on its own. Smaller companies decried such deals as unfair because they were not producing enough oil to qualify for discounts. Standard's actions and secret transport deals helped its kerosene price to drop from 58 to 26 cents from 1865 to 1870. Rockefeller used

696-609: A growing Standard Oil spin-off in its own right. In the Asia-Pacific region, Jersey Standard had oil production and refineries in the Dutch East Indies but no marketing network. Socony-Vacuum had Asian marketing outlets supplied remotely from California. In 1933, Jersey Standard and Socony-Vacuum merged their interests in the region into a 50–50 joint venture. Standard-Vacuum Oil Co., or "Stanvac", operated in 50 countries, from East Africa to New Zealand , before it

783-470: A large part in the running of the firm. In the year 1904, Standard Oil controlled 91% of oil refinement and 85% of final sales in the United States. At this time, state and federal laws sought to counter this development with antitrust laws. In 1911, the U.S. Justice Department sued the group under the federal antitrust law and ordered its breakup into 39 companies. Standard Oil's market position

870-556: A presence in southern Ohio today (as it does throughout much of Appalachia in general), though Mobil is the company's primary brand in the Midwest. In February 2016, ExxonMobil successfully asked a U.S. federal court to lift the 1930s, trademark injunction that banned it from using the Esso brand in some states. By this time, as a result of numerous mergers and rebranding, most of the remaining Standard Oil companies that had objected to

957-900: A quarter of the shares of the resultant companies, and those share values mostly doubled, he emerged from the dissolution as the richest man in the world. The dissolution had actually propelled Rockefeller's personal wealth. By 1911 the Supreme Court of the United States ruled, in Standard Oil Co. of New Jersey v. United States , that Standard Oil of New Jersey must be dissolved under the Sherman Antitrust Act and split into 39 companies. Two of these companies were Standard Oil of New Jersey (Jersey Standard or Esso), which eventually became Exxon , and Standard Oil of New York (Socony), which eventually became Mobil ; those two companies later merged into ExxonMobil . Over

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1044-560: A single holding agency managed by nine trustees. The original trust was valued at $ 70 million. On March 21, 1892, the Standard Oil Trust was dissolved and its holdings were reorganized into 20 independent companies that formed an unofficial union referred to as "Standard Oil Interests." In 1899, the Standard Oil Company (New Jersey) acquired the shares of the other 19 companies and became the holding company for

1131-414: A symbol of the reliable "standards" of quality and service that he envisioned for the nascent oil industry. In the early years, John D. Rockefeller dominated the combine; he was the single most important figure in shaping the new oil industry. He quickly distributed power and the tasks of policy formation to a system of committees, but always remained the largest shareholder . Authority was centralized in

1218-410: A tanker, was specially designed for river duty. It was built by New Engineering and Shipbuilding Works of Shanghai, who also built the 500-ton launch Mei Foo in 1912. Mei Hsia ("Beautiful Gorges") was launched in 1926 and carried 350 tons of bulk oil in three holds, plus a forward cargo hold, and space between decks for carrying general cargo or packed oil. She had a length of 206 feet (63 m),

1305-431: Is a trading name for ExxonMobil . Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. The company adopted the name "Esso" (the phonetic pronunciation of Standard Oil's initials, ' S ' and ' O '), to which the other Standard Oil companies would later object. Standard Oil of New Jersey started marketing its products under

1392-403: Is also active in 24 Hours of Le Mans and various endurance racing , sponsoring Martini Lancia from 1982 to 1986, Le Mans-winning Peugeot 905 from 1990 to 1993, and Toyota GT-One in 1998–99. Since 1996 Esso currently supplying fuels for all Porsche Mobil 1 Supercup entrants under Mobil brand as ExxonMobil increased its fuel partnership role with Porsche Mobil 1 Supercup as Esso since

1479-613: The Brawn BGP 001 saying that they were illegal, but after analysing the cars the FIA deemed that the cars were legal. Three teams appealed against the decision, and after much deliberating the cars were again deemed to "comply with the applicable regulations" by the FIA. Following the qualifying sessions, stewards deemed the rear wing of the TF109 to be flexible beyond what is allowed by the 2009 regulations. Both cars were therefore excluded from

1566-544: The Chevron Corp . Some have speculated that if not for that court ruling, Standard Oil could have possibly been worth more than $ 1 trillion in the 2000s. Whether the breakup of Standard Oil was beneficial is a matter of some controversy. Some economists believe that Standard Oil was not a monopoly, and argue that the intense free market competition resulted in cheaper oil prices and more diverse petroleum products. Critics claimed that success in meeting consumer needs

1653-755: The District of Columbia . By 1941, it had also acquired the rights in Pennsylvania , Delaware , Arkansas , Tennessee , and Louisiana . It also used the Esso brand in New York and the six New England states, where the Standard Oil Company of New York ( Socony-Vacuum , later Socony Mobil) had the rights, but did not object to the New Jersey company's use of the trademark (the two companies did not merge until November 1999 ). However, in

1740-676: The Erie Canal as a cheap alternative form of transportation—in the summer months when it was not frozen—to ship his refined oil from Cleveland to the industrialized Northeast. In the winter months, his only options were the three trunk lines—the Erie Railroad and the New York Central Railroad to New York City, and the Pennsylvania Railroad to Pittsburgh and Philadelphia. Competitors disliked

1827-611: The Midwestern United States being a weaker market for Esso. Likewise, The Ohio Oil Company, which eventually became Marathon Oil , did not market its downstream assets under the Standard name due to Sohio and Amoco owning the rights to the name in its core Midwestern territory. The other Standard companies likewise were "Standard" or some variant on that name in their home states, and another brand name in other states. Esso ranked 31st among American corporations in

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1914-502: The Sherman Antitrust Act (Senate 51–1; House 242–0), a source of American anti-monopoly laws. The law forbade every contract, scheme, deal, or conspiracy to restrain trade, though the phrase "restraint of trade" remained subjective. The Standard Oil group quickly attracted attention from antitrust authorities leading to a lawsuit filed by Ohio Attorney General David K. Watson . From 1882 to 1906, Standard paid out $ 548,436,000 (equivalent to $ 13,941,200,000 in 2023) in dividends at

2001-430: The Sherman Antitrust Act of 1890, for sustaining a monopoly and restraining interstate commerce by: Rebates, preferences, and other discriminatory practices in favor of the combination by railroad companies; restraint and monopolization by control of pipe lines, and unfair practices against competing pipe lines; contracts with competitors in restraint of trade; unfair methods of competition, such as local price cutting at

2088-622: The South Improvement Co. which would have allowed him to receive rebates for shipping and drawbacks on oil his competitors shipped. But when this deal became known, competitors convinced the Pennsylvania Legislature to revoke South Improvement's charter. No oil was ever shipped under this arrangement. Using highly effective tactics, later widely criticized, it absorbed or destroyed most of its competition in Cleveland in less than two months and later throughout

2175-590: The US Supreme Court upheld the lower court judgment and declared the Standard Oil group to be an "unreasonable" monopoly under the Sherman Antitrust Act , Section II. It ordered Standard to break up into 39 independent companies with different boards of directors, the biggest two of the companies being Standard Oil of New Jersey (which became Exxon ) and Standard Oil of New York (which became Mobil ). Standard's president, John D. Rockefeller, had long since retired from any management role. But, as he owned

2262-843: The United States Virgin Islands and Jamaica to TotalEnergies. Those were converted to the Total brand. In 2014, Sol Petroleum purchased Esso operations in The Bahamas , Barbados , Bermuda , Cayman Islands , Dominican Republic , Guadeloupe and Martinique . Rights to continue to operate in those countries under the Esso name were included. Esso S.A.F. is the French subsidiary of ExxonMobil, operating several hundred filling stations and two refineries in France. Established as Esso Standard Sekiyu K.K. in 1962, following

2349-512: The Yangtze River , the largest of which were Mei Ping (1,118  gross register tons  (GRT)), Mei Hsia (1,048 GRT), and Mei An (934 GRT). All three were destroyed in the 1937 USS Panay incident . Mei An was launched in 1901 and was the first vessel in the fleet. Other vessels included Mei Chuen , Mei Foo , Mei Hung , Mei Kiang , Mei Lu , Mei Tan , Mei Su , Mei Hsia , Mei Ying , and Mei Yun . Mei Hsia ,

2436-585: The "Snack and Shop" and " On the Run " branding depending on the size and the larger sites featured a Costa Cafe. ROC was the name for Esso's self-operated forecourts. By 2015, ROC UK had sold all their sites to operators such as Rontec and Euro Garages, leaving no forecourts directly operated by Esso in the UK. In Australia, Esso is an affiliate of ExxonMobil; it operates oil and gas production. Its retail petrol stations were acquired by Mobil Australia in 1990. In Canada,

2523-546: The 2015 season. Standard Oil Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of the Standard Oil Company (Ohio) , which had been founded in 1870 by John D. Rockefeller . The trust was born on January 2, 1882, when a group of 41 investors signed the Standard Oil Trust Agreement, which pooled their securities of 40 companies into

2610-458: The 60% of petroleum in Argentina. In 2011, local consortium Bridas Corporation (formed by Bridas Energy Holdings Limited and Chinese CNOOC International Limited) acquired rights to the Esso brand in Argentina, Paraguay and Uruguay. As a result, all the Esso stations were rebranded as "Axion Energy". At the time of the acquisition, Esso had 520 stations (with 450 under franchises), being

2697-567: The Cleveland filling stations were re-branded as Esso. Esso traded in Northern Ireland up until the early 2000s. Their forecourts were re-branded as Maxol and Texaco and some remained private. 45 of Euro Garages' forecourts were bought from Esso in 2013, and are operated under the Esso brand. They plan to roll out partner brands such as Starbucks and Spar , replacing the Esso branded shops. ROC used self-branded stores under

Toyota TF109 - Misplaced Pages Continue

2784-596: The Esso and Mobil brands are used. In Hong Kong and Singapore, Mobil brand is applied on Esso fuel tank after Mobil service stations began to merge with Esso between 2003 and 2007. Mobil is ExxonMobil's primary retail motor fuel brand in California, Florida, New York, New England, the Great Lakes and the Midwest. Exxon is the primary brand in the rest of the United States, with the highest concentration of retail outlets located in New Jersey, Pennsylvania, Texas and in

2871-512: The Esso brand in 1926. In 1972, the name Esso was largely replaced in the U.S. by the Exxon brand after the Standard Oil of New Jersey bought Humble Oil , while the Esso name remained widely used elsewhere. In most of the world, the Esso brand and the Mobil brand are the primary brand names of ExxonMobil, while the Exxon brand is used only in the United States alongside Mobil. In 1911, Standard Oil

2958-614: The Esso brand is used on stations supplied by Imperial Oil, which is 69.8% owned by ExxonMobil. The stations are owned by third-party retailers such as: Imperial Oil began to sell the majority of its company-owned stations in 2016. Esso also provides aviation fuel services at 80 airport locations in Canada (Aviation and Avitat). Esso has sold most of its assets in the Caribbean. In 2008 it sold its retail operations in Puerto Rico ,

3045-399: The Esso name had been acquired by BP . ExxonMobil cited trademark surveys in which there was no longer possible confusion with the Esso name as it was more than seven decades before. Neither BP nor Chevron (which had minimized the use of the Standard name in the 1970s) had any objection to lifting the ban. ExxonMobil did not specify whether they would now open new stations in the U.S. under

3132-545: The Esso name; they were primarily concerned about the additional expenses of having separate marketing, letterheads, packaging, and other materials that omit Esso. The Esso name did return to minor station signage at both Exxon and Mobil stations, which also had the effect of ExxonMobil de facto claiming the Standard trademark in Colorado , Kentucky , Montana , North Dakota , Oklahoma and Wyoming as Chevron withdrew from Kentucky in 2010 and BP gradually withdrew sales from

3219-780: The Mid-Atlantic and Southeastern states. In the 1960s, campaigns featuring heavy spending in different mass media channels became more prominent. Esso spent hundreds of millions of dollars on a brand awareness campaign built around the simple and alliterative theme, "Put a Tiger in Your Tank", which was invented by Emery Smith in 1959. The North American and later European campaign featured extensive television and radio and magazine ads, including photos with tiger tails supposedly emerging from car gas tanks, in England there were faux tiger tails with pink ribbons to tie round underneath

3306-439: The Standard Oil Co. charges altogether excessive prices where it meets no competition, and particularly where there is little likelihood of competitors entering the field, and that, on the other hand, where competition is active, it frequently cuts prices to a point which leaves even the Standard little or no profit, and which more often leaves no profit to the competitor, whose costs are ordinarily somewhat higher. On May 15, 1911,

3393-475: The Standard into markets, or they have been made high to keep its competitors out of markets. Trifling differences in distances are made an excuse for large differences in rates favorable to the Standard Oil Co., while large differences in distances are ignored where they are against the Standard. Sometimes connecting roads prorate on oil—that is, make through rates which are lower than the combination of local rates; sometimes they refuse to prorate; but in either case

3480-541: The TF109 chassis in 2010–2011 as a test car in tyre development. Nick Heidfeld , Pedro de la Rosa , Romain Grosjean and Lucas di Grassi tested the tires before it returned to the sport in 2011 . The Renault R30 replaced the TF109 as Pirelli's test car in 2012. ( key ) (results in bold indicate pole position; results in italics indicate fastest lap) Half points awarded as less than 75% of race distance completed. Esso Esso ( / ˈ ɛ s oʊ / )

3567-522: The United Kingdom. Their television advertising song from the 1950s, through to the 1970s, was the famous "Bom, Bom, Bom, Bom, Esso Blue!" One campaign used the well-known song tune of " Smoke Gets in Your Eyes " reworded as: "They asked me how I knew, it was Esso Blue, I of course replied, with lower grades one buys, smoke gets in your eyes. The non-smoking paraffin". The track was released as

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3654-608: The cap of the petrol tank so as to look as if there was a tiger in the tank: these were often seen on the road in the 1960s; at one time in England there was a television advertisement where a sombre man labelled as the advertising manager said that they were no longer going to have the tiger, followed a short while later with advertisements for the save the tiger campaign, promotional events featuring real tigers, billboards, and in Europe station pump hoses "wrapped in tiger stripes" as well as pop music songs. Tiger imagery can still be seen on

3741-482: The company began viewing export markets. In the 1890s, Standard Oil began marketing kerosene to China's large population of close to 400 million as lamp fuel. For its Chinese trademark and brand, Standard Oil adopted the name Mei Foo ( Chinese : 美孚 ) as a transliteration. Mei Foo also became the name of the tin lamp that Standard Oil produced and gave away or sold cheaply to Chinese farmers, encouraging them to switch from vegetable oil to kerosene. The response

3828-732: The company include Henry Flagler, developer of the Florida East Coast Railway and resort cities, and Henry H. Rogers , who built the Virginian Railway . In 1885, Standard Oil of Ohio moved its headquarters from Cleveland to its permanent headquarters at 26 Broadway in New York City . Concurrently, the trustees of Standard Oil of Ohio chartered the Standard Oil Co. of New Jersey (SOCNJ) to take advantage of New Jersey's more lenient corporate stock ownership laws. In 1890, Congress overwhelmingly passed

3915-571: The company together) and the Rockefeller family controlled a majority of the stock during all the history of the company up to the present time." These families reinvested most of the dividends in other industries, especially railroads. They also invested heavily in the gas and the electric lighting business (including the giant Consolidated Gas Co. of New York City ). They made large purchases of stock in U.S. Steel , Amalgamated Copper , and even Corn Products Refining Co. Weetman Pearson ,

4002-587: The company's business practices, but consumers liked the lower prices. Standard Oil, being formed well before the discovery of the Spindletop oil field (in Texas, far from Standard Oil's base in the Midwest) and a demand for oil other than for heat and light, was well placed to control the growth of the oil business. The company was perceived to own and control all aspects of the trade. In 1872, Rockefeller joined

4089-544: The company's main office in Cleveland, but decisions in the office were made cooperatively. The company grew by increasing sales and through acquisitions. After purchasing competing firms, Rockefeller shut down those he believed to be inefficient and kept the others. In a seminal deal, in 1868, the Lake Shore Railroad, a part of the New York Central , gave Rockefeller's firm a going rate of one cent

4176-688: The dissolution and absorption of EMG Marketing into a subsidiary of the new company, JXTG Nippon Oil & Energy (now Eneos ), in 2017. In 2019, the company began to phase out the Esso and Mobil brands in Japan, replacing it with JX's Eneos EneJet banner. Standard Oil of New Jersey started business in Argentina in 1911, acquiring the "Compañía Nacional de Aceites" (National Company of Oil), which had been founded in 1906 by entrepreneur Emilio Schiffner in Campana, Buenos Aires to produce kerosene . It became

4263-665: The dissolution of the Standard Vacuum Oil Company . It became Esso Sekiyu K.K. in 1982. After the Exxon and Mobil merger in 1999, the Japanese subsidiaries were reorganized as ExxonMobil Y.K. in 2002, which spun off its downstream business to EMG Marketing G.K. in 2012, and acquired as a subsidiary by TonenGeneral Sekiyu K.K. in the same year. In 2016, JX Holdings and the TonenGeneral Group merged into JXTG Holdings (now Eneos Holdings ), leading to

4350-630: The end of the season. Kamui Kobayashi spent the majority of 2009 in the GP2 Series and being Toyota test driver before getting to drive the car in Brazil . He gave quite an impression after sending Kazuki Nakajima out of the Brazil Grand Prix. In Abu Dhabi he scored his first F1 points in his second F1 race, fighting hard with Jenson Button and beating team mate Jarno Trulli in the race as well. The tyre manufacturer Pirelli used

4437-695: The first oil refinery in Latin America, doing business as "Compañía Nativa de Petróleo". Soon after, it merged with another foreign company operating in Argentina, West India Oil Co. (mostly known as "WICO"). The first petrol pump was placed in the Plaza del Congreso of Buenos Aires , while the first service station opened in 1927 in the city of Santa Fe . The company opened other refineries in Neuquén and Jujuy provinces. The company also introduced its motor oil line, Essolube in 1936. By 1943, Esso produced

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4524-652: The largest public oil company in the world. Many of the companies disassociated from Jersey Standard in 1911 remained powerful businesses through the twentieth century. These included the Standard Oil Company of New York , Standard Oil Company (Indiana) , Standard Oil Company (California) , Ohio Oil Company , Continental Oil Company , and Atlantic Refining Company . Standard Oil's prehistory began in 1863, as an Ohio partnership formed by industrialist John D. Rockefeller , his brother William Rockefeller , Henry Flagler , chemist Samuel Andrews , silent partner Stephen V. Harkness , and Oliver Burr Jennings , who had married

4611-594: The merger of Exxon with Mobil in 1999. Williams F1 had one season of Esso sponsorship in 2009 when Petrobras left F1 in 2008 before they returned in 2014. The Esso brand was used in McLaren Formula One cars along with Mobil from 2014 despite Esso actually partnering and supplying fuels for McLaren team from 2015 to 2016 seasons, as well as Exxon from 2015 in United States Grand Prix only, as they are currently ExxonMobil brands after

4698-424: The merger. In 2017, ExxonMobil switched to Red Bull Racing , as well as Faenza-based sister team Scuderia Toro Rosso for one season only. Enco, as sister brand of Esso before both renamed as Exxon in 1973, had sponsored three Indianapolis 500 winning cars in 1965, 1967 and 1968, won by Jim Clark , A. J. Foyt and Bobby Unser , powered by Ford for 1965 and 1967 seasons, and Offenhauser for 1968 season. Esso

4785-579: The next few decades, both companies grew significantly. Jersey Standard, led by Walter C. Teagle , became the largest oil producer in the world. It acquired a 50 percent share in Humble Oil & Refining Co. , a Texas oil producer. Socony purchased a 45 percent interest in Magnolia Petroleum Co. , a major refiner, marketer, and pipeline transporter. In 1931, Socony merged with Vacuum Oil Co. , an industry pioneer dating back to 1866, and

4872-551: The northeastern United States. A. Barton Hepburn was directed by the New York State Legislature in 1879, to investigate the railroads' practice of giving rebates to their largest clients within the state . Merchants without ties to the oil industry had pressed for the hearings. Prior to the committee's investigation, few knew of the size of Standard Oil's control and influence on seemingly unaffiliated oil refineries and pipelines—Hawke (1980) cites that only

4959-731: The oil reserves in the Middle East. In 1906, SOCONY (later Mobil) opened its first fuel terminals in Alexandria. It explored in Palestine before the World War broke out, but ran into conflict with the local authorities. By 1890, Standard Oil controlled 88 percent of the refined oil flows in the United States. The state of Ohio successfully sued Standard, compelling the dissolution of the trust in 1892. But Standard simply separated Standard Oil of Ohio and kept control of it. Eventually,

5046-399: The open arrangement of rates; (3) discriminations in classification and rules of shipment; (4) discriminations in the treatment of private tank cars. The government alleged: Almost everywhere the rates from the shipping points used exclusively, or almost exclusively, by the Standard are relatively lower than the rates from the shipping points of its competitors. Rates have been made low to let

5133-693: The other states, the other Standard Oil companies objected and, via a 1937 U.S. federal court injunction, forced Jersey Standard to use other brand names. In most states the company used the Enco ("Energy Company") brand name, and in a few, the Humble brand name. The objections were mostly made by Standard Oil of Ohio and, in the 1960s, Standard Oil of California (now Chevron Corporation ) after their acquisition of former Esso jobber Standard Oil of Kentucky . The other major Standard Oil spinoff, Standard Oil of Indiana (which became Amoco ) largely did not object due to

5220-488: The other states. In 1888, the Anglo American Oil Company opened its head office in London, which eventually became a part of Esso. In August 1998, Tesco announced a partnership with Esso, opening chains of Tesco Express stores located within forecourts, which continues today. In February 2000, the two companies were opening one new store a month, creating 4,000 jobs. Esso Blue was the brand name of Esso's paraffin oil (kerosene) for domestic heaters in countries such as

5307-427: The period of 1904 to 1906 and concluded that "beyond question ... the dominant position of the Standard Oil Co. in the refining industry was due to unfair practices—to abuse of the control of pipe-lines, to railroad discriminations, and to unfair methods of competition in the sale of the refined petroleum products". Because of competition from other firms, their market share gradually eroded to 70 percent by 1906 which

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5394-410: The podium after getting ahead of Lewis Hamilton in the stops. Timo Glock 's second season saw a fourth place and a third place to kick off his season. However, after leading in the first corner at Bahrain, Timo struggled in Europe before coming second place in Singapore behind Hamilton. In Japan he endured a terrible leg injury after crashing out during qualifying meaning he was out of action before

5481-426: The points where necessary to suppress competition; [and] espionage of the business of competitors, the operation of bogus independent companies, and payment of rebates on oil, with the like intent. The lawsuit argued that Standard's monopolistic practices had taken place over the preceding four years: The general result of the investigation has been to disclose the existence of numerous and flagrant discriminations by

5568-962: The pumps of successor firm ExxonMobil . Esso, along with its sister brands Exxon and Mobil, are official long-term recommended gasoline of two Volkswagen Group marques (mainly Bentley and Porsche ), all Toyota Group marques and subsidiaries (including Toyota , Lexus , Daihatsu , Hino , and Perodua , shared with Petron ) and General Motors marques and subsidiaries (including Chevrolet , Cadillac , Buick , Holden , SAIC-GM-Wuling and former GM marques such as Opel and Vauxhall ) for automobiles. They are also recommended fuels for KTM motorcycles. Formula One team Lotus had Esso sponsorship from 1962 until 1967 while sponsoring Indianapolis 500 winner and Formula One world champion Jim Clark as well as Brabham from 1964 until 1973. From 2002 to 2009, Esso sponsored Toyota F1 , as well as Jordan and its successor, Midland in 2005 and 2006, after Esso became ExxonMobil's global primary fuel brand through

5655-458: The qualifying classifications and started the race from the pitlane, fitted with replacement wings. Both cars completed the race, Trulli and Glock crossing the line in third and fifth respectively, however Trulli was given a 25-second penalty for passing Lewis Hamilton during the final safety car period, dropping him to 12th. After further investigation it was discovered that Lewis Hamilton had purposely let Trulli through. The penalty given to Trulli

5742-524: The railroads in behalf of the Standard Oil Co. and its affiliated corporations. With comparatively few exceptions, mainly of other large concerns in California, the Standard has been the sole beneficiary of such discriminations. In almost every section of the country that company has been found to enjoy some unfair advantages over its competitors, and some of these discriminations affect enormous areas. The government identified four illegal patterns: (1) secret and semi-secret railroad rates; (2) discriminations in

5829-447: The reporting of Ida Tarbell , who wrote The History of the Standard Oil Company . The net value of companies severed from Jersey Standard in 1911 was $ 375 million, which constituted 57 per cent of Jersey's value. After the dissolution, Jersey Standard became the United States' second largest corporation after United States Steel . The Standard Oil Company (New Jersey), which was renamed Exxon in 1973 and ExxonMobil in 1999, remains

5916-599: The result of their policy is to favor the Standard Oil Co. Different methods are used in different places and under different conditions, but the net result is that from Maine to California the general arrangement of open rates on petroleum oil is such as to give the Standard an unreasonable advantage over its competitors. The government said that Standard raised prices to its monopolistic customers but lowered them to hurt competitors, often disguising its illegal actions by using bogus, supposedly independent companies it controlled. The evidence is, in fact, absolutely conclusive that

6003-731: The scale of companies, Rockefeller and his associates developed innovative ways of organizing to effectively manage their fast-growing enterprise. On January 2, 1882, they combined their disparate companies, spread across dozens of states, under a single group of trustees. By a secret agreement, the existing 37 stockholders conveyed their shares "in trust" to nine trustees: John and William Rockefeller, Oliver H. Payne , Charles Pratt , Henry Flagler , John D. Archbold , William G. Warden, Jabez Bostwick , and Benjamin Brewster . "Whereas some state legislatures imposed special taxes on out-of-state corporations doing business in their states, other legislatures forbade corporations in their state from holding

6090-421: The sister of William Rockefeller's wife. In 1870, Rockefeller abolished the partnership and incorporated Standard Oil in Ohio. Of the initial 10,000 shares, John D. Rockefeller received 2,667, Harkness received 1,334, William Rockefeller, Flagler, and Andrews received 1,333 each, Jennings received 1,000, and the firm of Rockefeller, Andrews & Flagler received 1,000. Rockefeller chose the "Standard Oil" name as

6177-549: The state of New Jersey changed its incorporation laws to allow a company to hold shares in other companies in any state. So, in 1899, the Standard Oil Trust, based at 26 Broadway in New York, was legally reborn as a holding company , the Standard Oil Co. of New Jersey (SOCNJ), which held stock in 41 other companies, which controlled other companies, which in turn controlled yet other companies. According to Daniel Yergin in his Pulitzer Prize-winning The Prize: The Epic Quest for Oil, Money, and Power (1990), this conglomerate

6264-482: The states where it held those rights by selling Esso Diesel in those states at stations that sell diesel fuel , thus preventing the trademark from being declared abandoned. It retained the Esso brand in Puerto Rico and the United States Virgin Islands until 2008, when it sold its stations there to TotalEnergies. The Enco brand name was used on locations in the Midwest until 1977, when they were sold to Cheker Oil Co. (now part of 7-Eleven ); Exxon continues to have

6351-493: The stock of companies based elsewhere. (Legislators established such restrictions in the hope that they would force successful companies to incorporate—and thus pay taxes—in their state.)" Standard Oil's organizational concept proved so successful that other giant enterprises adopted this "trust" form. By 1882, Rockefeller's top aide was John Dustin Archbold , whom he left in control after disengaging from business to concentrate on philanthropy after 1896. Other notable principals of

6438-555: The third largest producer of Argentine after YPF and Shell , with a 12% market share. Esso is ExxonMobil's primary motor fuel brand worldwide except in Australia, Guam, Mexico, Nigeria, and New Zealand, where the Mobil brand is used exclusively. In Canada (since 2017), Colombia, Egypt, and formerly Malaysia (until 2013, when Petron (the former Esso Philippines) acquired ExxonMobil's Malaysian operations) and Japan (until 2019), both

6525-471: The trust. Jersey Standard operated a near monopoly in the American oil industry from 1899 until 1911 and was the largest corporation in the United States. In 1911, the landmark Supreme Court case Standard Oil Co. of New Jersey v. United States found Jersey Standard guilty of anticompetitive practices and ordered it to break up its holdings. The charge against Jersey came about in part as a consequence of

6612-462: The value of World War II production contracts. During the years of racial segregation in the United States , Esso franchises gave out The Negro Motorist Green Book : An International Travel Guide . In 1973, Standard Oil of New Jersey renamed itself Exxon Corporation, and adopted the Exxon brand name throughout the country. It maintained the trademark rights to the Standard and Esso brands in

6699-502: Was broken up into 34 companies, some of which were named Standard Oil and had the rights to that brand in certain states (the other companies had no territorial rights). The name Esso is the phonetic pronunciation of the initials 'S' and 'O' in the name Standard Oil . Standard Oil Company ( New Jersey ; "Jersey Standard") had the rights in that state, plus in Maryland , West Virginia , Virginia , North Carolina , South Carolina , and

6786-467: Was a Standard company only from 1908 until 1911. One of the original " Muckrakers " Ida M. Tarbell , was an American author and journalist whose father was an oil producer whose business had failed because of Rockefeller's business dealings. After extensive interviews with a sympathetic senior executive of Standard Oil, Henry H. Rogers , Tarbell's investigations of Standard Oil fueled growing public attacks on Standard Oil and monopolies in general. Her work

6873-410: Was associated with Standard Oil. He then admitted to being a director of Standard Oil. The committee's final report scolded the railroads for their rebate policies and cited Standard Oil as an example. This scolding was largely moot to Standard Oil's interests since long-distance oil pipelines were now their preferred method of transportation. In response to state laws that had the result of limiting

6960-462: Was dissolved in 1962. Rockefeller's original company, Standard Oil Company of Ohio ( Sohio ), effectively ceased to exist when it was purchased by BP in 1987. BP continued to sell gasoline under the Sohio brand until 1991. Other Standard oil entities include "Standard Oil of Indiana" which became Amoco after other mergers and a name change in the 1980s, and "Standard Oil of California" which became

7047-597: Was formed in 1933. To distribute its products, Standard Oil constructed storage tanks, canneries (bulk oil from large ocean tankers was re-packaged into 5-US-gallon (19 L; 4.2 imp gal) tins), warehouses, and offices in key Chinese cities. For inland distribution, the company had motor tank trucks and railway tank cars, and for river navigation, it had a fleet of low-draft steamers and other vessels. Stanvac's North China Division, based in Shanghai, owned hundreds of vessels, including motor barges, steamers, launches, tugboats, and tankers. Up to 13 tankers operated on

7134-519: Was initially established through an emphasis on efficiency and responsibility. While most companies dumped gasoline in rivers (this was before the automobile was popular), Standard used it to fuel its machines. While other companies' refineries piled mountains of heavy waste, Rockefeller found ways to sell it. For example, Standard bought the company that invented and produced Vaseline , the Chesebrough Manufacturing Co. , which

7221-619: Was positive, sales boomed and China became Standard Oil's largest market in Asia. Prior to Pearl Harbor, Stanvac was the largest single U.S. investment in Southeast Asia . The North China Department of Socony (Standard Oil Company of New York) operated a subsidiary called Socony River and Coastal Fleet, North Coast Division, which became the North China Division of Stanvac (Standard Vacuum Oil Company) after that company

7308-654: Was published in 19 parts in McClure's magazine from November 1902 to October 1904, then in 1904 as the book The History of the Standard Oil Co . The Standard Oil Trust was controlled by a small group of families. Rockefeller stated in 1910: "I think it is true that the Pratt family, the Payne– Whitney family (which were one, as all the stock came from Colonel Payne), the Harkness-Flagler family (which came into

7395-900: Was removed and Hamilton subsequently disqualified from the Australian GP. Hamilton's removal was based upon misinformation given by the McLaren team during an initial investigation. Jarno Trulli started the season perfectly with third place before a strong finish in Malaysia. China saw difficulties for Jarno, though, after Robert Kubica clashed with him. Trulli was on pole position for the 2009 Bahrain Grand Prix but could only manage third. From Spain through to Singapore , Jarno and Toyota saw mixed results, some difficult like in Spain where he crashed out on lap 1. In Japan he returned to

7482-449: Was seen by the public as all-pervasive, controlled by a select group of directors, and completely unaccountable. In 1904, Standard controlled 91 percent of production and 85 percent of final sales. Most of its output was kerosene , of which 55 percent was exported around the world. After 1900 it did not try to force competitors out of business by selling at a loss. The federal Commissioner of Corporations studied Standard's operations from

7569-434: Was the year when the antitrust case was filed against Standard. Standard's market share was 64 percent by 1911 when Standard was ordered broken up. At least 147 refining companies were competing with Standard including Gulf, Texaco, and Shell. It did not try to monopolize the exploration and extraction of oil (its share in 1911 was 11 percent). In 1909, the U.S. Justice Department sued Standard under federal antitrust law,

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