Word: exxon
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Dates: during 1970-1979
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...seizure was hasty and seemed plainly punitive. It was thus unlike the country's planned takeovers last year of foreign iron-ore operations and the oilproducing subsidiaries of Exxon, Royal Dutch/Shell, as well as other foreign firms-key ingredients in Cap Perez's plan to make his country an economic powerhouse. Nor were the full implications of the Owens-Illinois case clear. Some Venezuelan businessmen complained that the expropriation was a "terrible overreaction" and worried that it might frighten off foreign investors. U.S. State Department officials, while expressing "concern" about the case, felt that Owens-Illinois had simply...
Surprisingly, the largest number have resettled in a city that is neither Moslem nor even in the Middle East -Athens. Some 70 major U.S. companies have moved their regional headquarters there from Beirut, among them National Cash Register, Caterpillar, Boeing, Control Data, Exxon, Goodyear, Union Carbide, Chase Manhattan Bank and Morgan Guaranty Trust...
...Arabian American Oil Co., the free world's largest crude producer. But they kept a tight curtain of secrecy around the five-day meeting at the plush Bay Point Yacht and Country Club, near Panama City, Fla. As most of the negotiators-including executives of Exxon, Mobil, Texaco and Standard of California, the four American partners in Aramco-made for their private jets at the conclusion of the meeting, they refused to discuss what price the Saudis would pay for the 40% of Aramco that they do not yet own. At week's end the only formal announcement...
Aramco controls the concessionary rights to approximately one trillion dollars worth of Saudi Arabian oil. At present, Standard Oil of California, Texaco and Exxon each control 22.5 per cent of the company, while Mobile holds 7.5 per cent and the Saudi Arabian government controls the remaining 25 per cent of the shares. An agreement has been reached to give the government 51 per cent control by 1982, but there is pressure to reach that level even sooner, and Aramco's cooperation in managing the 1973 oil embargo leaves little doubt as to who is calling the shots...
...whom. Investigators have found that Northrop distributed a staggering $30 million to foreign agents. Some U.S. corporations were embarrassed by publicity about their contributions even in nations where the laws condone such gifts. IBM, Mobil and Standard Oil of Indiana, among others, made legal donations in Canada and Italy. Exxon contributed at least $46 million to Italian politicians, some of it in return for specific favors...