Word: texaco
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Meanwhile, company size rankings in the oil business could change. Four American companies−Exxon, Texaco. Mobil and Chevron−that import heavily from Saudi Arabia will be able to undersell such other producers as Shell, British Petroleum and Compagnie Française des Petroles, which rely more heavily on the higher-priced OPEC states. All in all. Yamani seems to have touched off a classic capitalist price war. That is scarcely what cartels are supposed to do. and OPEC least of all; its increases were once heralded as the start of a "new economic order." But that was before...
...child in Cambridge, Mass., Martha Duffy used to satisfy her thirst for Mozart and Verdi by listening each Saturday afternoon to Texaco's Metropolitan Opera radio broadcast. She was usually well prepared. The previous week, she and her sister would borrow the score of the upcoming performance from the local library and, to her sister's piano accompaniment, sing the entire opera together. Other afternoons, she often went to Boston's Fenway Park where she bought a grandstand seat in leftfield. Duffy remembers: "I was a Red Sox fan, and my first crush was on Ted Williams...
Strong Demand. Oil company profits continued to improve moderately, helped by price hikes for gasoline and other petroleum products. Texaco's earnings were up 23% and Continental's 27%. Exxon, the industry leader, reported a decline of 2.6%, largely because of a drop in its foreign earnings. Other industries benefiting from price boosts were aluminum, copper and lead producers, along with electric utilities. Strong demand for all product lines also boosted profits of electrical equipment makers such as General Electric and RCA. Others scoring substantial second-quarter gains were producers of building materials, apparel and forest products; even...
...Exxon, Texaco. Mobil Oil, Standard Oil of California, Gulf Oil. Standard Oil (Ind.). Shell Oil, Atlantic Richfield, Continental Oil. Phillips Petroleum, Union Oil of California, Sun Oil, Ashland Oil, Cities Service, Amerada Hess, Getty Oil, Marathon Oil. Standard Oil (Ohio...
...codicil: Xerox would have no editorial control over the essay. If the company had disapproved of it, Esquire would have been free to publish it anyway−and keep the money. Says Salisbury: "I saw no ethical impediments to doing the piece. After all, big corporations like Xerox and Texaco commission operas and other cultural enterprises. Meanwhile, the poor magazines have been dwindling away over the years, and along with them the employment of writers." For its part, Esquire was equally unfazed by the unusual arrangement...