Word: amerada
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Dates: during 1980-1989
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...past 32 months five large oil firms (Gulf, Getty Oil, Conoco, Marathon Oil and Cities Service) have been swallowed up. Last week's news set off renewed speculation about which energy companies would be acquired next. Among the most frequently mentioned targets: Superior Oil, Kerr-McGee and Amerada Hess...
...left a loophole, though, that would allow Mobil to go ahead if it gives up some of Marathon's gas stations and its distribution network. But the agency still refused to consider Mobil's offer to sell off part of Marathon's holding to Amerada Hess Corp., another oil company, as a way of maintaining competition in markets where both Mobil and Marathon do business...
...proposed merger. The same day last week that Du Pont claimed victory, all ten of the most active stocks on the American Stock Exchange were oil and gas firms. Some of the possible acquisition targets for the major energy companies: Pennzoil, Mesa Petroleum, Superior Oil, Marathon Oil, Amerada Hess and Murphy Oil. Texaco, which was an early suitor of Conoco, is reportedly considering a bid for Kerr-McGee, an Oklahoma-based oil company...
...possibility of a world petroleum shortage was enough to cause a temporary bull market for oil companies that enjoy extensive reserves outside the Middle East. Many oil stocks on the New York Stock Exchange last week rolled to new yearly highs. Among them: Amerada Hess, Atlantic Richfield, Kerr-McGee, Shell, Standard Oil Co. of Indiana and Standard Oil Co. of Ohio...