Word: texaco
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...TEXACO'S profits rose 14.3% above last year to 82^ a share, to give the oil company record first-half earnings of $1.73 a share; STANDARD OIL OF CALIFORNIA also profited from bigger crude oil and natural gas sales to boost its first-half earnings 5%, to $2.25 a share...
...president of one of Texas' most remarkable and controversial corporations. Continuing as chairman, Germany will be replaced as Lone Star's chief executive officer by tough, taciturn George A. Wilson, 52, who headed Dallas' TXL Oil Corp. until it was sold two months ago to Texaco for $200 million...
...Texaco raised its quarterly dividend from 40? to 45? on the strength of a 7% profits gain (to a record $115 million), and Shell Oil's earnings increased 10% to $38 million. Heartened by April's climb in gasoline prices, oilmen predicted continued gains for the second quarter. In a few industries, a combination of overcapacity, intense competition and high costs produced a less uniformly rosy picture. Among them...
...meeting, austere Chairman Ralph J. Cordiner endured an almost continuous harangue from Mrs. Wilma Soss, president of the Federation of Women Shareholders, who lectured him on everything from selling appliances to the difficulties of getting to Schenectady by train, peremptorily bade him "keep quiet" when he tried to interrupt. Texaco's Chairman Augustus C. Long was visibly rankled by a woman who accused him of not fighting hard enough in defense of the oil industry's 27% depletion allowance. "When are you going to flex your muscles?" she cried. Long flexed them just long enough to turn...
...York's Staten Island and to 1,000 miles of spur lines in between. The $350 million pipe, biggest privately financed construction job in history, will be bankrolled by nine oil majors. They are: American Oil, Cities Service, Continental, Gulf, Phillips, Pure Oil, Sinclair, Socony Mobil and Texaco...