Word: richfield
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...hottest stocks on the Big Board in recent weeks has been that of Atlantic Richfield-and in this instance there has been some logic behind the heat. Last May the company announced that it was splitting its stock two for one and increasing its dividend. Its first-half sales of $840 million were up 15.5%, and earnings were up 14% to $70 million. On top of that it has, with Humble Oil, confirmed an oil find on the North Slope of Alaska that Interior Secretary Stewart Udall calls "apparently the largest in the history of the country...
...companies fared remarkably well, despite the Middle East war in June. Increased reliance on supertankers and Western Hemisphere oil spared most producers any serious dislocations. Advances ranged from 9% to 18% for such companies as Continental Oil, Atlantic Richfield, Phillips Petroleum, Jersey Standard, Shell and Texaco. In keeping with the industry's buoyant mood, Atlantic Richfield Chairman Robert O. Anderson pointed to expected benefits from recent refinery modernization and predicted "continued earnings improvement during 1968" for his company...
...today 400 represent the lowest economical unit. The trend is to younger, leaner cattle, raised on bigger, better spreads. The biggest operation of all, and a beacon for the industry, belongs to Robert O. Anderson, 50, who wears one big hat as chairman and chief executive of the Atlantic Richfield Co., doffs that for a cattleman's Stetson when he turns to the business he enjoys most. With nine ranches that occupy a million acres and support 13,000 cattle and feed lots that can fatten 100,000 at a time, Anderson is one of the largest landowners...
...third quarter, up 3% from the same period last year. Mobil, Cities Service and Standard of Ohio also set profit records. Gulf's alltime peak earnings of $122 million for the quarter were 20% higher than last year. Best gain of all the majors was registered by Atlantic-Richfield, whose nine-month profits climbed 32%, to $83 million. For 1966 as a whole, Standard & Poor's estimates that the industry's net will increase 11.4%-more than double the 5.3% average annual gains since...
...largest contract, for 80% of the field, went to a syndicate made up of Humble, Shell, Mobil, Texaco and Union Oil, which will pay a 95.56% royalty. Pauley Petroleum got 10% with a bid of 98.277%, and Richfield and Standard of California together scooped off the remaining 10%, including one sector on which they will turn back an unprecedented 100%. The oil companies, which normally pay royalties that range around 50% on the crude that they pump from the ground, will make the money to offset the high royalty payments through profits on the sale of refined products. They will...