Word: amerada
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...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...
...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...
Total decontrol would not necessarily bring an immediate leap in prices. Major oil companies that have large stocks of cheap domestic oil might well hold down prices temporarily in order to gain a competitive advantage over independents, such as Ashland and Amerada Hess, which must import expensive foreign oil. (The independents would suffer another penalty: the allocation program that forces the majors to share some domestic oil with them would expire along with the controls.) A delay in price boosts would be especially likely if Congress votes to tax away most of the "windfall" profits that oil companies would reap...
...Amerada Hess, Atlantic Richfield, British Petroleum, Exxon, Mobil, Phillips, Sohio and Union...