Word: exxon
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...Government expert says the ultimate potential could be 1 billion bbl. Such heady forecasts have drillers scrambling. Texaco is already operating the Glomar Atlantic, a drillship, in the area, and Phillips has dispatched a rig from Africa's Ivory Coast to help with the exploration. Last week Exxon requested federal permission for a $3 billion project to boost production at Santa Ynez, a separate oil deposit only 27 miles away, which the company believes contains an additional 400 million...
...Exxon...
...acre tract submitted by a group of companies led by the Sohio Alaska Petroleum Co., an exploration subsidiary of Standard Oil Co. of Ohio, and including Mobil Corp. and British Petroleum Alaska Exploration. Their bid for that choice tract far outstripped the $129 million offered by Exxon and Marathon Oil, which was bought in March by U.S. Steel. Another group led by Texaco, which is seeking to increase its holdings in the Prudhoe Bay region, weighed in with the second-highest successful bid for a tract near the Sohio purchase: $219 million...
...areas of technological endeavor. The World of Motion (sponsor: General Motors), nested within a wheel-shaped building, is a mostly light-hearted show with 24 Audio-Animatronic scenes depicting such momentous occasions as the invention of the wheel and the first traffic jam. The Universe of Energy (sponsored by Exxon) is a serious but compelling presentation whose three-acre roof with a partial photovoltaic surface is probably the largest privately built solar-energy collector in the world. Inside, life-size models of dinosaurs fight to the death; there is even an erupting volcano with 7,000 gal. of simulated lava...
American Express last week joined the most exclusive club in U.S. business: the often quoted Dow Jones index of 30 leading industrial companies. No one was more surprised than Amex officials when they learned that they were replacing the ailing Manville Corp. on the blue-chip list that includes Exxon, General Motors, A. T. & T. and other giant firms. Said Amex Chairman James Robinson III: "We are simply delighted." Added Sanford Weill, chairman of the firm's executive committee and Shearson/American Express, the second largest U.S. brokerage: "I pinched myself to make sure it was true...