Word: amerada
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Dates: during 1970-1979
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...crude, oilmen face logistical headaches in trying to switch about their Iranian and non-Iranian supplies. That is especially true for the four American companies providing nearly all of the 700,000 or so barrels of Iranian oil that until last week had entered the U.S. each day. Amerada Hess, the largest single supplier, delivered about 200,000 bbl. of the total. Much of it was processed at the company's refinery at St. Croix in the U.S. Virgin Islands, then transshipped to mainland U.S. ports. Among the other big suppliers, Gulf Oil provided about...
...Council of Wage and Price Stability insist that they can still enforce the guidelines by making companies targets of public censure, but some of the targets could not care less. Even as Judge Parker was gutting the program, White House Inflation Czar Alfred Kahn was publicly attacking Amerada Hess, an oil company, for breaching the price standards. A Hess spokesman retorted, almost sneeringly: "We regret that the guidelines, as established by the council, do not allow us to comply." Groaned one Administration official: "They're thumbing their noses...
...large increases that only seemed puny when compared with the others, which enjoyed gains that ranged from impressive to downright startling: SoCal's ARRIS earnings rose 43% over the past year, Gulfs profits increased 61%, and Texaco's were up 81%. Marathon Oil had a rise of 108%, while Amerada Hess jumped 279%. Standard Oil of Ohio, holder of a large and profitable stake on Alaska's North Slope, increased 303%; Continental Oil, which owns Consolidation Coal and suffered a slide in income during last I year's coal strike, posted a stunning recovery...
...operating expenses remained roughly the same as last year, when sales were slow, much of the increase in turnover spilled into profits. Among the 19 large oil companies, only two-Exxon and Occidental-showed slight second-quarter decreases. All the rest showed gains. The best performer by far was Amerada Hess, a big independent, whose second-quarter earnings rose 77% over the same period last year, to $51.9 million. Other outstanding performances: Atlantic Richfield (up 41%, to $191.2 million), Getty (up 21%, to $75.8 million), Union of California (up 41%, to $75.2 million) and California Standard...
...Amerada Hess, Arco, Sohio, Exxon, Mobil, Phillips. Union and British Petroleum...