Word: bp
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...since the Gulf War has America seen oil prices of $35 dollars a barrel, last week's high. And the prospect of stiff prices for heating oil this winter is already giving us a chill. Not surprisingly, share prices for the big three oil companies, ExxonMobil, BP Amoco, and Royal Dutch, have risen accordingly. If you missed Big Oil's runup, consider Not So Big Oil: companies such as Conoco and USX Marathon have been relatively ignored by investors, but they're turning analysts' heads. "These are companies whose profits have exploded while their share prices remain dormant," says...
...Throwing what some Yale starters laughed off as a "BP fastball," sidearmer Mike Marcucci '98 went 7-0 in relief and could never have cracked 80 on the radar gun. Being on such a single-minded and intelligent team made everybody better and produced some of the most thrilling moments in the last four years of Harvard athletics. I salute the 1997-2000 Crimson. Real baseball players, all of them...
Those with a soft spot for polysyllabic corporate monikers can rejoice - the BP Amoco-Arco deal is on again. When first announced late last year, the $30 billion merger raised eyebrows among federal regulators, who moved to block the deal in court. The big problem wasn't size - after all, Exxon and Mobil last year combined in an $80 billion deal. Rather, according to the Federal Trade Commission, it was the fact that the combined entity would own 70 percent of Alaska's oil fields, giving it a monopolistic hold on West Coast gasoline prices...
...clashes between riot troops and local workers. "If you want to empty a boardroom on Wall Street," quips an American investment banker in Moscow, "just say the word Russia." For too many foreigners, investing in Russia has proved to be tortuous and hugely expensive. Just ask the folks at BP Amoco. Last fall the company nearly saw its $484 million investment in Russian oil giant Sidanko all but disappear in a maze of Russian corporate shenanigans. In a complex scheme with a brutishly simple result, Sidanko's most prodigious subsidiary was declared bankrupt and sold for a song...
...BP-Amoco is being targeted for its attempt to drill for oil in the Arctic National Wildlife Refuge...