Word: chevronings
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...last week disclosed major house-cleaning steps, partly the result of an 18-month slide in oil prices. Texaco announced plans to take a $765 million write-off on its fourth-quarter earnings, partly to reflect the decreased value of several underused refineries and oil tankers. California's Chevron, which merged with Gulf this year, said it may have to lay off some 10,000 workers and sell Gulfs Pittsburgh headquarters...
...pace of life is slow and local folks have plenty of time to chat. When he heads for work, Madison often stops for gas and gossip at the Chevron station in town. He makes his rounds in a four-wheel-drive pickup truck, his radio dial tuned to the country-and-western sound of station KRAI in nearby Craig, Colo. Duke, his big yellow dog of assorted heritage, accompanies him, riding in the back of the truck...
...Bateman, the Chevron mechanic, tells Madison how he was practicing his coyote call while out fishing. "This old boy just bebopped up to me and said, 'Good morning,' " Bateman recounts. "I didn't have my gun so I just smiled at him and said, 'You lucky...
...clock Monday morning, then make one bet without seeing the chips of the others. The jackpot: Gulf Oil, the fifth-largest U.S. petroleum company and one of the ten biggest corporations. After seven hours the winner was announced: Standard Oil of California, best known for its Chevron gas stations, whose cash bid of $80 a share, or $13.2 billion, became the most ever paid for one American corporation by another. Said Socal Chairman George Keller, 60, after it was over: "It's more than I would have liked to have spent, but I was in a poker game...
...Nimeiri negotiated an end to 17 years of bloody civil war in 1972. Nimeiri has remained in power since then, staging three referendums that have overwhelmingly returned him to office. Residents of the southern part of the country, however, cite numerous grievances. They complain, for example, that when the Chevron Oil Co. discovered oil in the south, the government made plans to pipe it out of the territory rather than build a refinery on the spot, which would have generated jobs in the economically depressed region. In addition, some southerners fear that the Jonglei Canal, a huge project to divert...