Word: conoco
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
With oil already in oversupply, Sinclair, Gulf and Conoco broke the rules of supply and demand last week and raised their wholesale prices; other major firms were expected to follow their lead. Experts claimed that the U.S. oil industry is creating a pattern of passing on increases in labor and other costs ultimately to the consumer...
...partnership with other oil firms, Conoco has leased 587,000 acres of offshore land, more than any other U.S. company. In the race for the estimated 12 billion barrels of oil under the Gulf waters, Conoco ranks...
...bring it in, Conoco, the seventh biggest integrated oil company in the U.S. in gross operating income, used a drilling platform that stands 50 feet above the water. It has a main deck measuring 220 ft. by 106 ft., supported by 24 steel pilings, each 300 feet long, that are rammed 150 feet into the ocean floor. It cost $1,500,000, weighs 1,600 tons (as much as a destroyer), has air-conditioned barracks, a TV set, a food-packed galley, a helicopter landing spot, and is the biggest offshore rig ever built. Said McCollum: "The cost was awful...
Gamble Or Lose Out. Eight years ago the company was in quite another spot. Though old (founded in 1875) and respected, conservative Conoco was in danger of being left far behind by its competitors. While other companies snapped up leases and bought options, Conoco refused to part with good money unless it could be sure. Since oil is usually a case of gamble or get left out, Conoco was being left out. To get fresh leadership, the directors hired McCollum, then 45 and production coordinator of giant Jersey Standard, gave him a fat stock option (which today shows a paper...
TEXAS OILMEN Clint Murchison and Sid Richardson, who own 80% of Kirby Petroleum Co. (120 wells, three plants in seven states), are negotiating to sell the company to Continental Oil Co. Conoco, which operates in 26 states and Canada, has offered $26 million for the company, would pay $10.20 a share plus all accrued dividends for 500,000 preferred shares, $34 a share for 593,000 shares of common stock...