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Oil stocks offer bargains despite selling pressure
Investors urged to buy blue chip petroleum shares as major firms spend about 125 million yearly on research. Standard Oil of New Jersey leads with 67 million, employing nearly 4,000 researchers in 1959 at Baytown and other sites. Gulf, Califor nia, and Socony Mobil also invest heavily, with nuclear and advanced materials programs boosting future prospects.
MENTIONED IN THIS ARTICLE
Standard Oil of New Jersey
Gulf
Socony Mobil
Standard Oil of California
Standard of New Jersey
Baytown
Texas
Houston
Jersey
California Research Corporation
Socony-Mobil
Atomic Energy
Socony
Princeton
N .J
Plainboro
N. J