1870, John D. Rockefeller and Henry Flagler formed what became the Standard Oil Company. Thus, of the top four American oil companies today according to the Forbes Global 2000 list, three are descendants of Rockefeller’s 1870 firm. But we just don’t make oil companies today in the U.S. that take off like Standard Oil or Cisco or Facebook. There is no notion that a new or refurbished oil company is going to become a half-trillion-dollar firm. For an entrepreneur in the oil business, profitability, expansion and longevity might be great.

Source: Forbes May 25, 2020 16:41 UTC