Word: texaco
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Dates: during 1930-1939
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...concessionaires, each being responsible for the other's obligations, which include a prescribed amount of well-drilling and, after potential production has reached about 20,000 bbl. per day, the building of a pipeline more than 200 miles to the Colombian coast. In the end, though, Texaco and Socony will have to stand the costs. Most favored parties in the Barco setup are the Colombian Government and the heirs of old General Barco and interests like American Maracaibo Co., who have bought shares in his original royalty rights. Without putting up a cent, Colombia and the Barco heirs & assigns...
Oils- Texas Corp., biggest of the so-called "independent" U. S. oil companies, last week reported 1935 sales of $295,000,000, a 10% increase over the previous year. But Texaco's profits more than tripled, increasing from $5,545,000 in 1934 to $17,065,000 in 1935. Higher prices, fewer gasoline wars, tighter control over production and record oil consumption helped Texaco as well as the rest of the industry. Shell Union Oil, U. S. affiliate of Sir Henri Deterding's Royal Dutch-Shell and the only company besides Texaco that distributes in every state...
...weak because the antenna had blown away, but, as it was repeated, the Navy heard it from Norfolk to Balboa. Tropical Radio heard it from Miami, Radiomarine heard it at West Palm Beach. Out in the raging night other ships heard it, wallowed about on their course. The Texaco tanker Reaper made for the stricken ship. So did United Fruiters Limon and Platano. So did City Service's Watertown. So did the Dixie's southbound sister Morgan ship El Occidente. From the shore the Coast Guard cutters Saukee and Carrabasset, with breeches buoy and Lyle guns, steamed...
...trimming the elder Morgan in a stock deal, John W. ("Bet-a-Million") Gates was "exiled'' from Wall Street about 1900. One year later oil gushed in Texas and Gates plunged heavily in a struggling little business known as Texas Co. To sell its oil abroad, Texaco bought up a fleet of tankers. One of the tankers was captained by a blond, husky stripling of 22 named T. Rieber. Captain T. Rieber would not even commit himself as to his birthplace, which was in Sweden, or his first name, which was Torkild. This close-mouthed independence so pleased...
...went back to Texaco as vice president in charge of shipping and exporting. Not even in a company with the rugged tradition of Texaco was there room for two such rugged individuals as Torkild Rieber and Texaco's President Ralph Clinton Holmes. President Holmes, being the less rugged, was forced out in 1933. To make the break less apparent Charles Bismark Ames was made board chairman, allowed to run the company until he died last month. Last week, when Torkild Rieber, who wears rough brown suits and still speaks with an accent, assumed the chairmanship in Manhattan...