The postwar burgeoning of oil enterprises throughout the world wrought important changes in the structure of the foreign oil industry. Competitors multiplied, concentration of the industry was reduced, and the market positions of the ‘seven largest’ companies shrank.

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Quote text and notes from Wikiquote: Neil H. Jacoby (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.