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For successor companies with similar names, see Standard Oil (disambiguation). Standard Oil Co. Inc. was an American oil producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller as a corporation in Ohio, it was the largest oil refiner in the world of its time. Its controversial history as one of the world's first and largest multinational corporations ended in 1911, when the United States Supreme Court ruled that Standard Oil was an illegal monopoly.
On May 15, 1911, the Supreme Court ordered the dissolution of Standard Oil Company, ruling it was in violation of the Sherman Antitrust Act.The Ohio businessman John D. Rockefeller entered the oil industry in the 1860s and in 1870, and founded Standard Oil with some other business partners.ay 15, 1911 | Supreme Court Orders Standard Oil to Be Broken Up. Lawrence P. Ames/Library of Congress John D. Rockefeller, the founder of Standard Oil, in 1909.