Humble Oil and Refining Co. was founded in 1911. The company would later consolidate with Standard Oil of New Jersey to become Exxon

Exxon

Exxon is a chain of gas stations as well as a brand of motor fuel and related products by ExxonMobil. From 1972 to 1999, Exxon was the corporate name of the company previously known as Standard Oil Company of New Jersey or Jersey Standard....

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Exxon U.S.A. traces its roots from the Humble Oil Company, in the town of Humble, Texas

Humble, Texas

Humble is a city in Harris County, Texas within the Houston–Sugar Land–Baytown metropolitan area.As of the 2000 census, the city population was 14,579. The city shares a zip code with the small Houston neighborhood of Bordersville, although people who live in Bordersville still have Humble...

, which was chartered in Texas in February 1911 with a capital of $150,000 (raised to $300,000 in 1912). In order to develop a refinery adjacent to the Goose Creek Oil Field

Goose Creek Oil Field

The Goose Creek Oil Field is a large oil field in Baytown, Texas, on Galveston Bay. Discovered in 1903, and reaching maximum production in 1918 after a series of spectacular gushers, it was one of the fields which contributed to the Texas Oil Boom of the early 20th century...

 at Baytown, Texas

Baytown, Texas

Baytown is a city within Harris County and partially in Chambers County in the Gulf Coast region of the U.S. state of Texas. Located within the Houston–Sugar Land–Baytown metropolitan area, it lies along both State Highway 146 and Interstate 10. As of 2010, Baytown had an population of 71,802...

, on which Humble was the primary operator, the company was reorganized in 1917 and incorporated on June 21 as the Humble Oil and Refining Company with a capitalization of $1 million based on 40,000 shares at $100 par value.