Word: exxon
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...arguments on both sides, it is impossible to predict with any accuracy what would happen to the price and supply of oil if major companies were dismantled. Even with divestiture, some companies would be giants; as far as accounting figures can be interpreted, just Exxon's refining and marketing operation would make it the second largest corporation in the world behind General Motors. Oil Economist Morris Adelman of the Massachusetts Institute of Technology sees no great loss or gain from breaking up the oil companies and thinks the effort is a "waste of time." Yet the issue will probably...
...Exxon, Texaco. Mobil Oil, Standard Oil of California, Gulf Oil. Standard Oil (Ind.). Shell Oil, Atlantic Richfield, Continental Oil. Phillips Petroleum, Union Oil of California, Sun Oil, Ashland Oil, Cities Service, Amerada Hess, Getty Oil, Marathon Oil. Standard Oil (Ohio...
...some time this possibility has been a matter of quiet but earnest concern among oilmen and federal officials, who are faced with what may be the biggest problem yet to hit the trouble-plagued project. An urgent audit carried out by the eight-company pipeline consortium, which includes Exxon, Atlantic Richfield and British Petroleum, has revealed 3,955 "problem welds" in the pipeline, which is still only half completed. If Washington decides that the trouble is serious enough to require a major inspection and repair job, it could cost the oil companies as much as $60 million and prevent...
...seizure was hasty and seemed plainly punitive. It was thus unlike the country's planned takeovers last year of foreign iron-ore operations and the oilproducing subsidiaries of Exxon, Royal Dutch/Shell, as well as other foreign firms-key ingredients in Cap Perez's plan to make his country an economic powerhouse. Nor were the full implications of the Owens-Illinois case clear. Some Venezuelan businessmen complained that the expropriation was a "terrible overreaction" and worried that it might frighten off foreign investors. U.S. State Department officials, while expressing "concern" about the case, felt that Owens-Illinois had simply...
Surprisingly, the largest number have resettled in a city that is neither Moslem nor even in the Middle East -Athens. Some 70 major U.S. companies have moved their regional headquarters there from Beirut, among them National Cash Register, Caterpillar, Boeing, Control Data, Exxon, Goodyear, Union Carbide, Chase Manhattan Bank and Morgan Guaranty Trust...