Word: exxon
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Dates: during 1970-1979
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...political rulers in Bolivia and had channeled another $50,000 through Beirut, as he euphemistically put it, to "defray the expenses of a public education program ... to bring about a better understanding in America of the Arab-Israel conflict." He did not say specifically who got that money. Meanwhile, Exxon and Mobil Oil acknowledged last week that they had also made gifts, which they insisted were legal, to political parties in Canada and Italy. For Gulf, there was one painful irony. Prior to Dorsey's Senate testimony, the speculation had been that most of the company's contributions...
...There is a concerted effort right now to make plans to interest the private sector," Olney says. Already, in the three months since the shift has taken place in East Asian development, he has heard from IBM and Exxon, which he says may be willing to contribute to the institute...
...increase further Venezuela's oil income and economic independence, Pérez last week sent to the country's Congress his long-awaited bill to nationalize the oil industry, and reiterated that the takeover will occur later this year. Venezuela plans to pay the foreign companies-Exxon's subsidiary, Creole Petroleum, and Royal Dutch/Shell are the two biggest-only the net book value less several deductions, or about $1.4 billion. The offer might seem reasonable. Under existing contracts, the foreigners in 1983 were supposed to give over all their properties to the Venezuelans, without compensation...
...week Texaco announced the discovery of a major field about 110 miles northeast of Aberdeen. Eleven other commercial fields stretch in a 600-mile band from the Shetland Islands west of Norway down as far as the south-central coast of England. Drilling is being done by British Petroleum, Exxon, Gulf, Texaco, Shell, Mobil and 35 other companies. They will start to produce small amounts later this year and expect to be bringing in 2 million bbl. a day by 1980. But a hot taxation feud between the companies and the Labor government threatens to stall development...
...produced first-rank individual designers, some of whom created their most notable work abroad. Raymond Loewy, at 81 the dean of French designers, has lived for more than 50 years in the U.S., where he has produced hundreds of ideas, including the classic "double-fronted" 1953 Studebaker, the new Exxon corporate logo and the living quarters for NASA's Skylab. Next year the Smithsonian Institution will honor Loewy's work with a retrospective exhibition that will eventually be seen in Moscow as well...