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The company has also been the target of accusations of improperly dealing with human rights issues, influence on American foreign policy, and its impact on the future of nations.

Both Exxon and Mobil were descendants of Standard Oil, established by John D.

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in 1904, leading to a growing outcry for the government to take action against the company.

By 1911, with public outcry at a climax, the Supreme Court of the United States ruled that Standard Oil must be dissolved and split into 34 companies.

IG Farben transferred rights to the hydrogenation process outside of Germany to the joint venture in exchange of $35 million stake of Jersey Standard shares.

The agreement with IG Farben gave to Jersey Standard access to patents related to polyisobutylene which assist Jersey Standard to advance in isobutolene polymerization and to produce the first butyl rubber in 1937.

Humble Oil became a wholly owned subsidiary of Jersey Standard and was reorganized into the United States marketing division of Jersey Standard in 1959.

In 1967, Humble Oil purchased all remaining Signal stations from Standard Oil Company of California (Chevron) In 1969, Humble Oil opened a new refinery in Benicia, California. For managing the Midwest and Eastern coal assets in the United States, the Monterey Coal Company was established in 1969.

The interest in hydrogenation evaporated after discovery of the East Texas Oil Field.

As a part of the cooperation between Jersey Standard and IG Farben, a joint company, Standard I. Company, was established with Jersey Standard having a stake of 80%.

For this reason, Socony purchased a 45% interest in Magnolia Petroleum Co., a major refiner, marketer and pipeline transporter, in 1918. In 1926, Socony purchased General Petroleum Corporation of California.

In the Asia-Pacific region, Jersey Standard has established through its Dutch subsidiary an exploration and production company Nederlandsche Koloniale Petroleum Maatschappij in 1912.

John Duston Archbold was the first president of Jersey Standard. Teagle in 1917, who made it the largest oil company in the world.

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