ExxonMobil is one of the few modern companies that were already operating
during the nineteenth century. The current Benelux-based organization has its
roots in Antwerp, Rotterdam and the United States. In 1882, John D.
Rockefeller, the well-known tycoon, founded the Standard Oil Company, the
predecessor of the present ExxonMobil company. In those days, three commercial
companies, Horstmann & Co. in Rotterdam, Fréderic Speth & Co. and Graf &
Maquinay in Antwerp, imported lamp oil from Standard Oil, through an
intermediary, the Stursberg Company. On 11 March 1891 these five companies set
up a new corporation, the American Petroleum Company (APC), with offices both
in Antwerp and in Rotterdam. The three oil-importing companies pooled their
oil tankers, storage installations and offices. They had an initial capital of
five million guilders and a workforce of twenty. One hundred shares were
issued, of which the Standard Oil Company did not have the majority.
ExxonMobil is the oldest hydrocarbons company still operating in the Benelux.
In 1911, The American Supreme Court ordered the division of the Rockefeller
monopoly. This resulted in multiple Standard Oils. One of these, Standard Oil
of New Jersey also called Jersey Standard, continued the APC activities in the
Benelux. For 30 years, APC operated exclusively in the Benelux, but from 1902
they also sold oil products in Luxembourg. In 1920, the Dutch and the
Belgian-Luxembourg subsidiaries of Jersey Standard went their separate ways.
This continued until the mid-eighties of the twentieth century, when the
Benelux organization was formed in Breda.
Decades later we would also see one of the other Standard Oil Company
successors, Standard Oil of New York or SOCONY, return to the Benelux
countries under the name Mobil Oil. The merger between Esso - Exxon in the
United States - and Mobil to form the Exxon Mobil Corporation in December 1999
thus reunited two major heirs to the historic Rockefeller oil empire.
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