The Standard Vacuum Oil Company was an American joint venture by Standard Oil of New Jersey and Socony-Vacuum Oil (aka Mobil) established in 1931 to make and market products in the Far East.[1] Around World War I, the market in the Far East was too large to leave unattended, but still small.
Thus these two American oil companies started Standard Vacuum Oil as a joint venture. The two partners would eventually merge into ExxonMobil in 1999.
History
Following the break-up of Standard Oil in 1911, the "Standard Oil Company of New York" (also known for its acronym "Socony") was founded, along with 33 other successor companies. In 1920, the company registered the name "Mobiloil" as a trademark.
Henry Clay Folger was head of the company until 1923, when he was succeeded by Herbert L. Pratt. Beginning February 29, 1928 on NBC, Socony Oil reached radio listeners with a comedy program, Soconyland Sketches, scripted by William Ford Manley and featuring Arthur Allen and Parker Fennelly as rural New Englanders