Word: shellful
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Dates: during 1970-1979
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...sands, in northern Alberta, have long been known to contain gigantic amounts of petroleum, but up to now the cost of extracting it has not been justified by the price. Some of the Sisters have moved heavily into metals, a field in which their geologists have considerable expertise. Shell produced and sold $1.2 billion worth of aluminum, copper, zinc and nickel last year, enough to rank it among the top 100 firms on the FORTUNE 500 index even...
...SHELL, No. 2 in oil and the biggest business of any kind based outside the U.S., increased profits about 9% last year, to $2.3 billion-almost as much as Exxon earned on far greater sales. Of all the Sisters, Shell seems best suited to benefit from the trend toward getting a larger share of profit from refining and marketing. The firm has long concentrated on those areas, to the point that outside the U.S. it buys around 60% of its crude from other companies. Says Shell's European coordinator Jan Choufoer: "Adding value to bought crude is the name...
...that end, Shell has gone farther than any of the Sisters toward "whitening" its production-that is, squeezing more high-profit gasoline, kerosene and other light fuels out of each barrel of crude. It is also profiting handsomely from its 30% interest in the large natural-gas fields in The Netherlands...
...self-service marketing revolution caught Texaco with 40,000 U.S. gas stations, many small and inefficient. Though it has reduced the number to 30,000, they still barely match the sales of Shell's 18,000 stations. Texaco, which long boasted that it was the only company to sell gas in every state, is now pulling out of all or part often states...
...Ranked in order of 1977 revenues. Shell is shorthand for the Royal Dutch/Shell Group, owned by two private companies, The Netherlands' Royal Dutch Petroleum (60%) and Britain's "Shell" Transport & Trading...