Word: mobile
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Dates: during 1950-1959
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TURKISH OIL REFINERY with 65,000-bbl.-a-day capacity will be built for $48 million by U.S.-British-Dutch combine. With existing Turkish state plant, it will supply nation's entire oil needs. Mobil Overseas Oil Co. will have 37% interest, California Texas Corp. 34%, Royal Dutch Shell group 18%, British Petroleum...
Some profit pictures were much brighter. Oil-industry earnings were pushed up by heavy demand arising from the Suez crisis. Sinclair's net shot up 13% to a record $91 million in 1956. Socony Mobil estimated earnings at $250 million, up from $208 million in 1955. Shell Oil hit $135.8 million, for an advance of $10.3 million...
...bars, and delicatessens sprawl in an incongruous line between the luxury of Fifth Avenue and the tinsel of Broadway. But last week Sixth Avenue made an appointment for a beauty treatment. Real Estate Men Peter B. Ruffin and John Galbreath, who built Manhattan's 45-story new Socony Mobil Building (TIME, Oct. 1), announced plans for a 60-story, $50 million to $60 million stainless-steel-sheathed skyscraper, with the most floor space of any postwar U.S. office building...
Biggest example of the new financing technique is the 45-story, 1,600,000-sq.-ft. Socony Mobil Building across from Grand Central Terminal. On the basis of plans drawn by Architects Wallace Kirkman Harrison and Max Abramovitz, Real-Estate Men Peter Ruffin and John Galbreath got Socony Mobil to sign a letter of intent for a 25-year lease on nearly half the proposed building. They took the plans and tentative leases to the Equitable Life Assurance Society, which put up $37.5 million in principal financing for the building. Next month the Socony Mobil Building, world's largest...
...some 700 corporations all over the world, with an estimated book value of $46.5 million. While details of the portfolio are denied even to stockholders by the close-mouthed management, the company is known to hold blocks in Bendix Aviation, General Electric, General Motors, St. Regis Paper, Socony Mobil Oil. In addition the company holds another $54.3 million in short-term investments (mainly British and French treasury bills), which together with real estate, cash and materials bring net assets to a minimum of $290 million, exclusive of canal holdings...