How Stanvac came into being

How Stanvac came into being

Following a U.S. Supreme Court ruling in 1911, Standard Oil
was dissolved, and the Standard Oil Trust was split into 34
companies, Two of these companies were Jersey Standard, which
eventually became Exxon, and Socony ("Standard Oil Company of New
York"), which eventually became Mobil.

In the Asia-Pacific region, Jersey Standard had oil production
facilities and refineries in Indonesia but no marketing network.
Socony-Vacuum had Asian marketing outlets supplied remotely from
California.

In 1933, Jersey Standard and Socony-Vacuum merged their
interests in the region into a 50-50 joint venture. Standard-
Vacuum Oil Co., or "Stanvac," operated in 50 countries, from East
Africa to New Zealand, before it was dissolved in 1962.
Nevertheless, PT Stanvac Indonesia remained in operation until in
1995 when it was taken over by PT Medco Energi Corp, and renamed
into PT Exspan Sumatera.

In 1988, Exxon Corp and Mobil Oil merged into ExxonMobil Corp,
one of the world's oil giants.

Source: nationmaster.com at
http://www.nationmaster.com/encyclopedia/Socony