Word: mobilizations
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...years ago, such Ethel Mermanesque exuberance would have sounded strange coming from the chief of one of world oil's fabled Seven Sisters-Exxon, Shell, Mobil, Texaco, British Petroleum, Standard Oil of California and Gulf.* Though the sorocracy had ruled the international oil trade since it began, the upheaval in the business that started with the Arab embargo of 1973 threatened to end this reign. Flushed with their success in quintupling the price of petroleum, the OPEC countries were about to nationalize their oilfields, which would strip the Sisters of ownership of much of their crude reserves. Some governments...
...most visible symbol of the business world's new willingness to get into the trenches is the Business Roundtable, composed of nearly 200 top officers of the nation's most powerful corporations (among them: AT&T, Boeing, DuPont, General Motors, Mobil Oil, General Electric). The group's policy committee convenes monthly in New York to stake out positions on pending legislation and plot strategies to influence the outcome. Often invited to the White House, the executives get their views across to the President. While in Washington, some stay on to buttonhole legislators. Says one lobbyist: "A Congressman is impressed...
...incurable gamblers that they are, oilmen seldom quit. Shell is moving its rig southward and, along with a group of 18 partners, will sink a second well, to a planned 16,000 ft. Mobil, Exxon and Texaco are pressing ahead with test borings of their own. They recognize that a few disappointments should not cause them to give up the search at sea. So far, only two test wells-the Conoco and Shell dry holes-have been drilled to completion in the Baltimore Canyon. By comparison, at least eleven were sunk into Alaska's North Slope before a good...
...more than 60% of capacity, causing a substantial drain on Gulfs petrochemical earnings. Gulf also acquired for $455 million Kewanee Industries, a specialty chemical firm. In all, the company's 1977 capital spending came to $3 billion, much more than that of bigger companies such as Texaco and Mobil...
...Respect! You don't deserve Respect!! And if you ever get Respect, we're getting a divorce, since your not getting Respect is apparently the only thing that keeps the bucks rolling in. If I were you, I'd feel lower than you felt when Mobil hired you to play a tankful of gas in that high-budget ad of theirs...