Word: exxon
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...their technology to less developed countries. General Electric recently developed a tank that uses common salt to store for long periods heat collected by solar panels. Along with Owens-Illinois, G.E. is also working on advanced vacuum-tube rooftop solar collectors that double efficiency and cut costs in half. Exxon and Mobil are experimenting with photovoltaics, which they predict could be cost-effective by 1985. Martin Marietta and McDonnell Douglas, using aerospace technology, are now studying ways of building economical solar furnaces...
...basement just waiting for shoppers. Last week they came pouring in, driven by random pieces of upbeat economic news (a slowdown in the growth of the money supply, a hefty increase in industrial output during March, a firming dollar overseas) as well as a juicy-though unfounded-rumor that Exxon Corp. had struck oil off the New Jersey coastline. In addition, there were reports that President Carter was considering reducing the size of his proposed tax cut, a move that would tend to counter inflation. Buyers also came back because of the Street's herd instinct. As one broker...
...knowledge of U.S. corporate activities in South Africa hampers any attempts to monitor the relationship between the companies and the Vorster government. Employing the same criteria used in United Nations estimates, the Clark subcommittee decided that the 13 largest American firms in South Africa are General Motors, Mobil Oil, Exxon, Standard Oil of California, Ford Motor Co., ITT, General Electric, Chrysler, Firestone, Goodyear, 3-M, IBM and Caterpillar. Harvard owns stock in nine of these 13 firms, with a total value of over $200 million as of June, 1977, out of a $1.5 billion investment portfolio...
...Exxon expects to have a rig at the Baltimore Canyon in less than three weeks; within an additional 90 days, the company should drill the first well. Shell's Pacesetter II rig, now drilling in the Gulf of Mexico, will move to the Baltimore Canyon by mid-April. Texaco, Continental, Mobil, Gulf and Houston Oil & Minerals are also moving rigs to the area...
Yellow Cab of Denver hands out free charts to interested employees and gives drivers a day off during triple-criticals. An Exxon chemical plant at Baytown, Texas, sends out safety reminders to its 900 employees on triple-critical days. Says a spokesman: "Frankly, I don't know if there's any truth to the biorhythm theory, but we think the program will promote safety awareness." Biorhythm proponents say that hundreds of companies use the charts, but an investigation by National Safety News found that the claim "appears to be widely exaggerated...