Word: texaco
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...majority of the ads are offensive not because they tell lies but because the image they portray is ludicrous. Take, for instance, the television spot run by Texaco this summer. The announcer asks various customers, "How much profit do you think we make on a gallon of gas?" They respond with assurance, "Gee, at least thirty cents or more," or "I don't know, but a lot." The announcer then tells viewers sternly but calmly that many people are under this misconception but that in reality, Texaco only makes about one-and-a-half cents profit per gallon...
Caltex is owned jointly by Texaco and Standard Oil of California. It operates a refinery in Cape Town, and markets petroleum products throughout the country. It also owns shares in two Southern Rhodesian marketing and refining companies. Caltex employs about 2000 workers in South Africa, about a third of them black. The average African wage in 1972 was $139 a month; the minimum...
Harvard owns $22 million in Standard's stocks and bonds, and $11 million of Texaco...
...Smith, Kline $8,946,86 Phillips Petroleum $8,918,217 Standard Oil of Indiana $8,913,351 Dome Petroleum $8,635,656 Gulf $8,538,075 Pennzoil $8,280,000 Kingdom of Norway $8,072,510 Bristol-Myers $7,493,988 Johnson and Johnson $7,474,908 Texaco $7,463,485 Federated Department Stores $7,200,423 Georgia-Pacific...
Seeking higher profits per pump, Texaco, Exxon, Mobil and other oil giants have been closing down at a dizzying clip what they consider marginal stations. Nationwide, the number of stations has dropped from 226,000 in 1973 to 180,000 at present, and virtually no new full-service stations are being built. Instead, the trend is to no-service stations that sell only gas and oil, require customers to fill 'er up themselves, and can be operated by a single cashier...