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In 1922, it found oil in Indonesia and in 1927, it built a refinery in Sumatra.
It had oil production and refineries but no marketing network.
Two of these companies were Jersey Standard ("Standard Oil Co.
of New Jersey"), which eventually became Exxon, and Socony ("Standard Oil Co. Over the next few decades, Jersey Standard and Socony grew significantly.
Rockefeller and partners in 1870 as the Standard Oil Company of Ohio.