Word: texaco
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Government has refused to allow the oil companies to pass on to their customers $412 million in accumulated costs. Some of the bigger names on the list of oil companies making refunds or being forced to swallow costs: Ashland, Atlantic Richfield, Continental, Skelly, Phillips, Amerada Hess, Sun, Shell, Texaco. Among the larger refunds or rollbacks are Charter Oil's $19.8 million and Kerr-McGee's $23.5 million...
...interest rates on high-quality industrial bonds averaged 8.45%; two weeks ago they were at 9.1% and now they are between 9% and 10%. Because of such market instability, major corporations have postponed at least seven big issues in the past two weeks. The latest: $300 million in Texaco bonds, withdrawn from the market last Wednesday. Market analysts had expected companies to raise $5.5 billion by selling new bond issues in April; now they think that the total may be as low as $3.2 billion. Underwriters, who buy newly issued bonds from companies and resell them to the public, have...
Last week Texaco announced the discovery of a major field about 110 miles northeast of Aberdeen. Eleven other commercial fields stretch in a 600-mile band from the Shetland Islands west of Norway down as far as the south-central coast of England. Drilling is being done by British Petroleum, Exxon, Gulf, Texaco, Shell, Mobil and 35 other companies. They will start to produce small amounts later this year and expect to be bringing in 2 million bbl. a day by 1980. But a hot taxation feud between the companies and the Labor government threatens to stall development...
...that issue we feel we have something in hand pretty concrete, particularly for people. Business is more sophisticated. I think they can understand it a little better, and I don't think it is very wise to send a great big check back to Texaco or U.S. Steel when somebody else gets a relatively minor check...
Died. Milton Cross, 77, radio announcer, whose sonorous voice became synonymous with opera; of an apparent heart attack; in Manhattan. Beginning Christmas Day, 1931, Cross announced Texaco's Metropolitan Opera performances from December to April for 43 years, intoning with hushed excitement countless Saturday afternoons, "The house lights are dimming, and in a few moments the Metropolitan's great golden curtain will rise...