Word: exxon
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...Exxon withdraws from Libya...
...prices twice, during the summer and autumn, to $34.50. Libya reduced its price by $1 per bbl., but sales still dropped by 60%. Underscoring the weakness in the world market, the big U.S. oil companies last week reported sharp profit drops for the period from July through September. Exxon's earnings fell 21%, Standard Oil of California had a 16% decline, and Mobil's profits slumped...
Many apologists for the Reagan cuts have said private industry will take over the research effort University's abandon. Bogorad disagreed, saying that representatives from the private sector at the conference--among them vice presidents from Exxon and Ford--said theirs and other companies could not make up for the basic research...
...times, and playwrights will no longer be required to provide a climax every 15 minutes. In the first week, that benign rule was violated frequently. Almost all the commercials were awkwardly placed, and little effort seemed to be made to preserve precious continuity. So far, only three advertisers-Kraft, Exxon and Kellogg-have committed themselves beyond the first week, and most of the commercials are tasteful house ads, promoting upcoming shows. Eventually, however, CBS expects that more advertisers will be attracted by its ritzy audience. Revenues will never match those of the big, over-the-air network; a one-minute...
Many large companies have voluntarily increased the pensions of their retirees. Exxon, for example, last year boosted the annual benefits for 21,000 former employees. Similar steps have been taken by RCA, the Continental Group and New York's Chemical Bank...