Word: exxon
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Uncertain Future. Also, the amount of "free" oil is small. The Saudis sell only about 6.25% of their daily output on the open market. The bulk of their production is committed to four U.S. companies: Exxon, Texaco, Mobil and Chevron. They stand to benefit most from the two-tier system, but how much of the savings they will pass on to the U.S. consumer is unclear...
Meanwhile, company size rankings in the oil business could change. Four American companies−Exxon, Texaco. Mobil and Chevron−that import heavily from Saudi Arabia will be able to undersell such other producers as Shell, British Petroleum and Compagnie Française des Petroles, which rely more heavily on the higher-priced OPEC states. All in all. Yamani seems to have touched off a classic capitalist price war. That is scarcely what cartels are supposed to do. and OPEC least of all; its increases were once heralded as the start of a "new economic order." But that was before...
Died. William J. Sparks, 71, co-inventor of butyl rubber and the holder of 145 patents; after a long illness; in Coral Gables, Fla. Joining the Standard Oil Co. (now Exxon) in 1936 as a research chemist, he soon helped develop the synthetic rubber so vital to Allied forces during World War II. Sparks often expressed his concern that young scientists be taught an obligation to society. Said he: "Science without purpose is an art without responsibility...
...dilemmas for the Congress as well. The Senate Subcommittee, which I chaired, was charged with investigating the global role of multinational corporations and its impact on our foreign policy. Lockheed's misconduct, if revealed, might severely strain relations with Japan. Yet, Lockheed's pay-offs, and those of Northrop, Exxon, Gulf and others, convinced the subcommittee that legislation was essential if the wrongs we discovered were to be effectively inhibited. In order to provide a basis and secure the necessary support for legislation, the subcommittee concluded, in the Lockheed case, as with Gulf, Northrop and Exxon, that public hearings were...
Died. Monroe Jackson Rathbone, 76, former president, board chairman and chief executive officer of Standard Oil Co. of N.J. (now Exxon Corp.) from 1954 to 1965; of a heart attack; in Baton Rouge, La. Big, bald "Mr. Jack," whose great-uncle was General Thomas ("Stonewall") Jackson, began his 44-year career with Standard Oil as a chem ical engineer. He made "Jersey," as he called it, the most international of the oil companies and raised its profits to over $1 billion...