Word: exxon
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...Corporation also decided to abstain on resolutions at the Exxon Corporation and the Atlantic Richfield Company that request an end to these companies' expansion in Chile. The ACSR had given favorable--but only by a plurality--recommendations on these two motions...
...applicants for 300 places, which is twice the rate for 1975. At Harvard, 7,000 applied last year (compared with 4,300 in 1975) for 785 spots. Says Chicago's director of admissions, Dennis Metcalfe: "There will never be a glut of M.B.A.s from the best schools. Exxon told us they would like to recruit our whole graduating class...
...ACSR also approved resolution by stockholders in the Atlantic Richfield company and the Exxon Corporation requesting an end to the companies' expansion in Chile. Harvard owns about $33 and $54 million in ARCO and Exxon stock, respectively...
...been a long time since the 13 members of the Organization of Petroleum Exporting Countries were unable to sell every barrel of crude they pumped, or since oil companies such as Exxon, Mobil Oil and Gulf Oil suffered from declining profits and bulging inventories. But that is precisely the situation in the suddenly upside-down world oil market. Skyrocketing prices and sagging demand have brought on a continuing petroleum mini-glut...
Industry analysts predict that as a result of the weak market, first-quarter earnings, which the companies will begin to release this week, will be down sharply. Said Dillard Spriggs of New York's Petroleum Analysis Ltd. research house: "Virtually every company will be affected by the downturn." Exxon and Mobil are expected to see earnings drop about 25%, while Gulfs earnings may decline more than 40%. Overall, of course, Big Oil will still remain very profitable. Some companies, such as Standard Oil of California, may well show modest increases over first-quarter 1980 profits, which were enormous...