Standard Oil of Indiana

Acquired · Oct 18

Standard Oil Part II (Extended Cut)

Its stock went from $3,500 to $9,500 after the breakup. William Burton patented a cracking process in 1913 that yielded far more gasoline and earned it windfall royalties.

Tips

• The breakup into 34 companies made Rockefeller and every Standard Oil shareholder far richer▶ 1:37:06Rockefeller went from about $300 million in 1911 to $900 million by 1913. Standard Oil of New Jersey rose from $360 to $595 a share, and Standard of Indiana from $3,500 to $9,500.
• The breakup freed Standard Oil's young managers, and one of them invented gasoline cracking▶ 1:46:32Burton's process brought Standard of Indiana windfall royalties, and the company later became Amoco.