After the division of the Standard Oil Trust into different 'Baby Standards' in 1991, its European activities were carried on by Jersey Standard. This company originally operated under the name of Standard APC (American Petroleum Company), but from 1929 it sold oil products under the trade name of Esso, which is derived from the abbreviation of Standard Oil (S.O.).Despite technological advances and radical changes resulting from war and crisis, the company's core business has continued to be the exploration and production of oil and the refining, sale and distribution of oil products.
These activities have continued to evolve with the introduction of new technologies and economic developments.
In the nineteenth century, refining was simply a matter of heating and then distilling the petroleum. The process became increasingly more sophisticated with the discovery of new methods of breaking down hydrocarbon molecules and has led to the production of high-quality light products. More oil components have gained commercial value, in part because of the steady increase in mobility. With the development of the petrochemical industry, oil companies have had the opportunity to produce an increasingly wider range of plastics.
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