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...this view of supply and demand failed to win much sympathy among motorists. In response to Bush's call for moderation last week, the oil companies began softening their stance. Texaco, BP America and Conoco said they would roll back gasoline prices by 1 cents to 4 cents per gal. Unocal, Amoco and Getty announced that they would freeze prices at the pump for a week or more, depending on conditions in the world markets. So for the moment, at least, the runaway price hikes that followed the invasion of Kuwait have been stopped in their tracks. But that...

Author: /time Magazine | Title: The Gulf: Barbarians At The Pump | 8/20/1990 | See Source »

...Vulcan Chemical plant and whose family had been beset with health problems handcuffed herself to a chair outside Governor Mike Hayden's office until she could see him. Last year a Louisiana group brought cancer-stricken children to an environmental hearing in Baton Rouge, and protesters of a Conoco Inc. refinery in Ponca City, Okla., set up a tent city on state capitol grounds in 1988. Two weeks ago, in one of the largest settlements of its kind, Conoco offered the families up to $27 million to relocate...

Author: /time Magazine | Title: Environment: Earth Day Greening From the Roots Up | 4/23/1990 | See Source »

...Carl Icahn and have invented strategies like the "Pac-man" defense, in which a raided company turns around and gobbles up its attacker. Almost every corporate battle in which they have been involved has become the stuff of high drama, from Du Pont's $7.4 billion takeover of Conoco in 1981 to Canadian Robert Campeau's current $5.5 billion bid to acquire Federated Department Stores...

Author: /time Magazine | Title: Way Too Hot to Hold | 2/15/1988 | See Source »

...Gulf-Socal merger goes through, it will be the climax of a run of takeovers that has been reshaping the oil industry. In the past 32 months five large oil firms (Gulf, Getty Oil, Conoco, Marathon Oil and Cities Service) have been swallowed up. Last week's news set off renewed speculation about which energy companies would be acquired next. Among the most frequently mentioned targets: Superior Oil, Kerr-McGee and Amerada Hess...

Author: /time Magazine | Title: Striking the Richest Deal | 3/19/1984 | See Source »

...Reagan Administration has approved some of the biggest corporate mergers in history: Du Pont and Conoco, U.S. Steel and Marathon Oil and, tentatively, Texaco and Getty. Last week, in a stunning reversal, it blocked the planned marriage of LTV and Republic Steel. Proposed in September, the deal would have created the second-largest steel company in America, behind U.S. Steel. Assistant Attorney General J. Paul McGrath, named two months ago to succeed William Baxter as the Justice Department's antitrust chief, said the merger would violate the Clayton Act, which bans excessive concentration in any industry...

Author: /time Magazine | Title: Trustbusting Makes a Comeback | 2/27/1984 | See Source »

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