Standard Oil Trend 2026

Standard Oil was a dominant American oil company founded by John D. Rockefeller in 1870, controlling nearly 90% of U.S. refineries and pipelines. It revolutionized the industry through efficiency and vertical integration, providing affordable kerosene and gasoline to consumers. Its breakup in 1911 benefited competitors and regulators, fostering market competition that ultimately lowered energy costs for households and businesses.