Word: amerada
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...Texas Co. from 71⅝ to 68; Gulf from 118 to 109⅛. Domestic oils, which could benefit from greatly increased production at home in another situation like Suez (see below), staged a smart rally. Atlantic Refining rose from 38 to 40¾; Shell from 76 to 80⅝; Amerada from 104 to 109¼. Like the home-grown oils, many other industries slowed by the recession picked up market strength as investors gambled on an imminent change in the business tides. Some steels, coppers and aircrafts rose to new highs for the year; Crucible Steel, one of the most...
...they called him) was-with all his $30 million-a different kind of millionaire. Born in a sod hut in Kansas, he became a world-famed geologist, helped found the famed oil-hunting Amerada Petroleum Corp., amassing his millions along the way. Seeking still greater independence, he left Amerada and in 1936 founded the consulting firm of DeGolyer & McNaughton, soon made a new name for himself as a man of integrity and accuracy in the infinitely painstaking business of oil exploration. His uncanny, top-of-the-head appraisal of oil property came to be accepted in Texas as the last...
...tended to shift away from stocks, buy bonds for added security, and thus start the market down. In the current market, some 100 of the 958 dividend-paying stocks on the Big Board are paying less than high-grade bonds, e.g., I.B.M. (at 399½), Du Pont (at 237), Amerada Petroleum...
Needed: Leadership. Abroad, the company joined Standard Oil of Ohio and Amerada in forming the Conorado Petroleum Corp. to explore outside North
...contrast, gave every promise that the pumps will be clanking soon. It, too, adopted the 50-50 formula and other major provisions in the world pattern. Three big oil companies-California Standard, Standard Oil Co. (N.J.), and Conorada Petroleum Corp. (a combine formed by the Continental, Ohio and Amerada oil companies)-seemed ready to sign...