Standard of New Jersey Profits Jump in Year
Standard of New Jersey, a leading world petroleum firm, posted a 14 percent rise in profits for the year, with net earnings of 709,210,000 on sales and investments totaling 7,281,893,000. US operations provided 27 percent of revenue, while Western Hemisphere and Eastern Hemisphere activities accounted for 51 and 22 percent respectively, with notable activity in Venezuela.
MENTIONED IN THIS ARTICLE
Consolidated
Andix World Tavlde
Jersey Company
General Motors
Jersey Standard
United States
Venezuela
Oil price lift timed to exploit Middle East crisis
A House Commerce Committee preliminary report criticized a January oil price increase as timed to exploit the Middle East crisis. The survey noted no prior rise in oil costs during the past few years, but found Europe’s needs rose and US costs for refining and production grew. committee chairman Harris said hearings earlier this year covered the failed price increase, the lift to Europe, and the 1957 petroleum outlook.
MENTIONED IN THIS ARTICLE
Washington
GP — Thelvey
House Commerce Comittee
Uny
Ap Europe
Suez Canal
Europe
United States
IMNOM
Middle East
Cp. Harris
D-Ark
Petroleum Sur
Durbee Portrays Europe Demand Outlook in 1957 First Quarter
In the first quarter of 1957 92 percent of normal requirements were estimated to be met and by the close of the quarter and into the second quarter 1957 Europe’s full normal requirements were estimated to be met. Durbee’s oath is noted in the context of these projections.
MENTIONED IN THIS ARTICLE
Europe
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Tore Muy
Tom Gamace
Ieee
Jer
John Dodd CO
New York
Standard of Co
N. J
House
Suggertad
Arne
Dines
CONN
Kimball Pianos
Fianu
Uryan
Money Savers
Penne
Hoy
Pihneiy's
Rynproof
Penney
Micond M1908
Finney
Long Beach
Ginirnoff
Keaitlert
Geom
MTA
The
Tidewater Oil Company
San Francisco
Houston
Tulsa
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