Word: texaco
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...companies agreed that the quarter had been good. Shell's earnings were up 7% to $66 million, Texaco's up 8.7% to a record $191 million, Mobil's up 9% to $93 million. Smaller Continental Oil had a 26.3% increase in profits to $31 million. Jersey Standard, biggest of them all, was beset by lower product prices abroad and increased costs, and managed only to equal last year's first-quarter earnings of $294 million despite a 7% rise in revenues. Gulf and Phillips Petroleum, on the other hand, did so well that they increased dividends...
Company Shares Market Value I.B.M. 87,634 $30,716,000 Texaco 375,326 26,414,000 General Motors 284,089 22,869,000 Gulf Oil 341,884 17,094,000 Standard Oil (N.J.) 223,523 15,3667,000 Eastman Kodak 117,756 15,132,000 Middle South Utilities 542,114 13,621,000 Ford Motor 293,076 13,298,000 AT&T 210,688 11,588,000 Standard...
...asked. In addition Monro pointed out that to those who consider the Vietnam war unjust, the various Harvard investments in companies supplying and "getting rich" on the war could be considered unethical. In this category he lumped University holdings in I.B.M. ($30,715,717, as of June, 1966), Texaco ($26,413,567), General Electric ($9,468,048) and Lockheed Aircraft ($689,152). "Where do you stop?" Monro asked...
...Kuwait and Iran. Thirty-nine companies have drilling operations in the Libyan desert. The biggest producer is a consortium, Oasis Oil Co. of Libya, Inc., comprising Continental, Marathon and Amerada-Shell. Also on the scene are Esso, Mobil/ Gelsenberg (75% Mobil-owned) and Amoseas, a joint exploration venture of Texaco and Standard of California. Together, these giants pump more than 1.7 million...
...wrongs remain to be righted before the new dreams can begin. When Sukarno in 1964 began forcing foreign firms into a plan called "production sharing"-a euphemism for expropriation-the U.S. investment alone in Indonesia amounted to more than $520 million. Only two oil companies, Caltex (owned by Texaco and Standard Oil of California) and Stanvac (owned by Jersey Standard and Mobil), managed to keep operating. Other companies lost longtime investments: U.S. Rubber had to give up 54,000 acres of rubber plantation, and Goodyear Tire & Rubber lost two plantations and a tire plant at Bogor, near the capital. Though...