A day before the shareholders meeting in New York, inside the penthouse of one of the most powerful and richest men in the world, Nathaniel Rockefeller, he had just concluded a meeting with the Saudi royal family. The discussion centered on bringing down the price of oil sold to his family's companies—ExxonMobil, Chevron, BP, Shell, and ConocoPhillips. This meeting was a strategic plan in the Rockefellers plan for oil dominance to gain back the full legacy and surpass the old Rockefeller empire, which was shattered in 1906 due to the Sherman Antitrust Act of 1890. The U.S. government had accused Standard Oil of monopolistic practices, citing their domination of the oil industry and their restraint of competition.