How Big Are The Oil Majors Now And After The Mega-Mergers?
The following is the text of a report recently prepared bythe New York-based Petroleum Industry Research Foundation, Inc. (PIRINC).
Introduction and Summary
In 1911, the US Supreme Court rejected the appeal of theStandard Oil Company of New Jersey and affirmed a lower court decree orderingits breakup into 34 independent entities, many of which became very largecompanies in their own right. These...