Which entity emerged from the Standard Oil breakup and is known today as Standard Oil of New Jersey?

Which entity emerged from the Standard Oil breakup and is known today as Standard Oil of New Jersey?

• A. Standard Oil of New Jersey
• B. Standard Oil of California
• C. Standard Oil of Ohio
• D. Standard Oil Company (Indiana)

Answer: (A)

When Standard Oil was broken up in 1911, the company was divided into many independent firms that operated in different regions. The one serving New Jersey kept the name Standard Oil Company of New Jersey, becoming the corporate ancestor of what later became Exxon. Over the years this entity adopted the Exxon name in the 1970s and eventually became part of ExxonMobil. Other regional offshoots took different paths—Standard Oil of California turned into Chevron, and Standard Oil of Ohio became Sohio, among others. So, the New Jersey-based successor is the line that directly traces to today’s ExxonMobil, which explains why this option fits the question.

When Standard Oil was broken up in 1911, the company was divided into many independent firms that operated in different regions. The one serving New Jersey kept the name Standard Oil Company of New Jersey, becoming the corporate ancestor of what later became Exxon. Over the years this entity adopted the Exxon name in the 1970s and eventually became part of ExxonMobil. Other regional offshoots took different paths—Standard Oil of California turned into Chevron, and Standard Oil of Ohio became Sohio, among others. So, the New Jersey-based successor is the line that directly traces to today’s ExxonMobil, which explains why this option fits the question.