Word: texaco
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...times earnings then. Of the 30 Dow-Jones blue chips, 18 are selling for less now than at the end of 1961, although their profits are generally higher. (The index is up largely because of strong gains by eight stocks: Chrysler, G.M., International Harvester, General Electric, Texaco, Standard Oil of New Jersey, Standard Oil of California and Sears...
...recent spectacular coup in the Congo, Boldrini shut out four bitter competitors-Texaco, Mobil, Shell and Belgium's Petrofina. E.N.I. landed a $13 million contract to build the only refinery in the Congo, and the four rivals will have to buy from it to supply their gas stations. Their severe protests have so irritated the Congo government that Prime Minister Cyrille Adoula last week threatened to expel two complaining Shell and Petrofina executives...
...discreet company is doing better and better. On last year's sales of $1 billion, Aramco made a princely profit of $762 million. That was split fifty-fifty between the Saudi government and Aramco's four U.S. parents: California Standard, which owns 30%, Jersey Standard (30%), Texaco (30%) and Socony Mobil...
...Cadillac). By 1965, the industry figures that seat belts will be standard equipment on all cars. California Standard's Chevron gasoline stations in the East have had such success (50,000 new charge-account customers) by selling and installing belts at $5.95 each that this year Texaco, Socony Mobil, Shell and Richfield will start selling them...
Some companies-including Ford, General Mills, Texaco, Socony Mobile and Owens Corning-have bought executive jets and have found them an impressive status symbol in the business world. But just because they are that, some executives fear to buy them, concerned about the reaction of cost-conscious shareholders. Sales of company jets also suffer from the feeling that jet speed is not essential for most short business trips, and from the preference of many businessmen to fly commercially on longer trips. The fact that most of the 24,000 nonjet corporate aircraft now in service in the U.S. are relatively...