And yes, it ultimately drove the west to start developing it's own oil resources and become less reliant on OPEC products, but that worked in the wests favor, as you would expect internal development of a Googledroid replacement to go for Turkey. Seems to be going okay for China.
And the EIC ultimately lost influence in China and India and was no more. So it might be in a company's best interest to play nice with nation-states
Well yes, because free trade, globalization, equality and other buzzwords.
/s
The reality is that historical big companies have always sparred with nation-states. Usually the EIC, but occasionally other firms.
They went roughly 50/50. "Won" in China. Lost in America.
OPEC said "no oil for you" and it worked. And no one invaded or otherwise compelled them to sell oil to people they didn't like.