Word: exxon
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Dates: during 1980-1989
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...will also drop, from 30% to 15% in 1986. Small independent oil producers who get crude from low-yield "stripper wells" will be exempted altogether in 1983. Despite Democratic protests that the provision is a giveaway to big oil, it benefits wildcatters far more than giants such as Exxon and Mobil. Treasury Secretary Donald Regan is probably right when he argues that the exemptions will help produce "whatever crude we can in this country...
...anything. They backed a plan almost identical to the President's, and failed. It's not the ingredients, it's what's on the label, and if Reagan went on T.V. tomorrow and said an integral part of his plan required Americans to mail ten dollar bills to Exxon's U.S. headquarters, well, the mail sacks would be heavy in Houston the next...
...water table as well as sewer lines serving six residential blocks. Forty-one families in the area, which residents dubbed "Gasoline Alley," sued Chevron for damages. Last week the oil company settled out of court for what could amount to a record $6 million -about three times the amount Exxon reportedly paid in a similar situation last year in East Meadow, N.Y. Chevron agreed to pay the afflicted residents more than twice the appraised value for their homes (or about $150,000 apiece). It also consented to pay an estimated $500,000 to cover interim relocation costs. Chevron has announced...
...General Juan Carlos Sánchez, commander of the Argentine army Second Corps, and John Patrick Egan, a U.S. government representative. Some 700 people were killed by guerrillas, most of them members of the security forces. The guerrillas kidnaped scores of businessmen, particularly foreigners, and companies such as Kodak, Exxon, Firestone and Ford paid out millions of dollars in ransom and blackmail. In the kidnaping of two scions of the Argentine trading conglomerate Bunge & Born, the guerrillas reportedly netted $60 million...
...that was roughly comparable to Du Font's bid. But Bailey preferred to stick with Du Pont. He feared that even the Reagan Administration would balk at a merger between the two huge oil companies: a Texaco-Conoco combination would be larger than any U.S. energy firm except Exxon...