Word: mobilized
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...other proxy action the Corporation abstained on a resolution that would limit Standard Oil's and Mobil's sales to South Africa and voted against a resolution requiring Caterpillar Tractor Company to establish a special committee to review its practices in Sought Africa--as the ACSR suggested...
...energy sources as they can find, such as coal fields and uranium mines. Decontrol will give them the resources to control our energy future--a happy prospect. And much of the huge 1973-74 oil profits went into unrelated industries. For example, Atlantic Richfield bought The London Observer and Mobil paid cash for Montgomery Ward...
...given year, the expenditures by the big oil companies in search of increased energy supplies may match or exceed profits. For example, the amount that Mobil spent last year to look for and develop new sources of gas and oil, $1.1 billion, was exactly equal to its after-tax earnings. The $3.5 billion that Exxon spent on developing new energy sources was well above its after-tax profits, which came to $2.7 billion. Of that sum, Exxon paid out about 55% in dividends to its 695,000 stockholders. They include not only a great number of small investors (no single...
...resolution particularly worth noting asks Mobil to recognize black trade unions. The resolution is sponsored by a group of Cornell students called the Corportate Responsibility Project, which studies its University's investment practices and buys stock in specific companies so it can introduce shareholder resolutions. Cornell's student trustees serve on the project, as well as undergraduates and law students. The money to purchase stocks comes partly from student fees...
...major companies have raised their wholesale prices, and there is endless debate over whether or not these increases are justified by the rising costs that the firms must pay for oil. Since early November, Exxon has boosted its wholesale price for regular gas by 4.3%, to 47.9? per gal.; Mobil has lifted its price 10% to 51.9? per gal. and Amoco 11.4% to 50.6? per gal. The service station dealers then normally pass these wholesale increases on to their retail customers. The station owners commonly add 10? or more to the wholesale price in order to maintain their own margins...