History. COBOL (Common Business Oriented Language) was one of the earliest high-level programming languages. It was developed in 1959 by a group of computer professionals called the Conference on Data Systems Languages (CODASYL). Since 1959 it has undergone several modifications and improvements.he language continues to evolve today. Object-oriented COBOL is a subset of COBOL 97, which is the fourth edition in the continuing evolution of ANSI/ISO standard COBOL. COBOL 97 includes conventional improvements as well as object-oriented features.