How Rockefeller’s Standard Oil Trust became Chevron, ExxonMobil, BP, and Marathon

While large tech companies are currently feeling the heat from regulators and Congress, over a century ago, the trustbusters had their sights on Big Oil. Around the turn of the twentieth century, Big Oil was John D. Rockefeller’s Standard Oil Trust. By 1904, the monopoly controlled 91% of the U.S. oil market and 85% of…