Word: texaco
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...probably continue an investment policy designed to amass capital and provide income without regard for social consequences. Harvard's Top Ten Investments shares market value 1. IBM 194,299 $76,165,208 2. General Reinsurance 81,162 $33,032,934 3. Eastman Kodak 245,564 $32,567,925 4. Texaco 837,139 $27,207,017 5. General Motors 269,257 $20,160,617 6. Exxon 266,956 $19,788,113 7. Ford $18,770,563 8. ITT 322,607 $16,815,889 9. Gulf Oil 686,797 $16,740,676 10. General Electric...
...Texaco, the nation's largest marketer of gasoline, is already allocating its distributors only as much fuel as they received last year, even though demand is up. Gulf has declined to continue supplying diesel fuel to the Metropolitan Atlanta Rapid Transit Authority, and the city's 606 buses will be stalled if another supplier cannot be found by April 30. For the first time in memory, authorities in Des Moines and Boston have not received a single bid for contracts to supply city vehicles. Boston's police and fire departments have only enough gas to last through...
Already such corporate giants as General Motors, Gulf Oil, International Nickel, Pepsico and Texaco have adopted variants of the performance-shares idea. At annual meetings this spring, shareholders of such other firms as Aetna Life & Casualty, Continental Telephone Corp., First National City Corp. and R.R. Donnelly & Sons also are being asked to vote their approval to some form of the plan...
...only issue, however. In Saudi Arabia, the shrewd Minister of Oil and Mineral Wealth, Ahmed Zaki Yamani, negotiated a new policy of "participation" by his government's oil agency, Petromin. Within three years, Petromin will acquire a 25% share in Aramco, the huge producing company through which Exxon, Texaco, Standard Oil of California and Mobil have been pumping Saudi Arabian oil. By 1983, the Saudis' share of Aramco will have increased to 51%. Similar deals have been made by other Middle East producers. Last week, the government of Iran took over the operations of a consortium of American...
...leaving heaps of undried grain in danger of rotting. In New York City, American Airlines and TWA converted some nonstop transcontinental flights into interrupted runs so that the planes could fuel up along the way. The schedule changes resulted from cutbacks in jet-fuel deliveries by Texaco refineries...