History
Obadiah Stane was one of the captains of industry on Earth-712 who became part of the Serpent Cartel. With the President of the United States under the influence of the Serpent Crown, the Cartel made contact with their other-dimensional brethren on Earth-616 and Hugh Jones, CEO of Roxxon Oil.
Obadiah Stane was killed along with the other natives of Earth when this reality was destroyed.[1]