th a selective group of stations and build from there. BP, Chevron, and ExxonMobile today make up three of the biggest in the oil industry. (Chevron Official Website) These three companies have all been created by many purchases and mergers over the last hundred years and must be described to have a better understanding. It was the demand for low oil prices, convenience, and superior quality that led to the companies tremendous growth in the last century.II.ExxonMobile HistoryOut of the Standard Oil Trust breakup came two companies named Standard Oil of New Jersey and Standard Oil of New York otherwise known as Sonoco. Since they were not allowed to use the Standard name in territories given to the other breakup companies they had to change the name of their brand. They would market their gas under the name Esso and Mobilgas with the Standard label still displayed on their signs. With this increased competition Jersey Standard and Socony were forced to focus on quality and a low cost. To achieve this low cost they purchased interests in overseas oil mostly in the Middle East. Both these companies also were able to compete in overseas markets in Europe and Asia. With the take off of the car, the gasoline industry was booming. Both suffered from fierce competition. However Jersey and Socony had a greater ability to build up their resources. They used their interests in the Middle East to become a low cost producer as well as increase production with pipelines and expansion. (ExxonMobil Official Website) Jersey Standard realized early on to stay in this industry it was going to have to be competitive in every market. They built the company up through mergers and large acquisitions. They bought over fifty percent interests in a competitor named Humble Oil, a Texas' company. This increased their contacts with suppliers because Humble had a series of pipelines and was a huge transporter of oil. They also had many oil refineries in Texas.Soco...
