Exxon Leads Oil Firms With Shrinking Third Quarter Profit
Exxon Corp reported third quarter earnings of 550 million dollars or 2.46 a share on 12.23 billion dollars in revenue, down 31 percent from the 1974 third quarter. Shell, Mobil and others also posted declines as higher prices and taxes influenced profits amid reduced demand.
MENTIONED IN THIS ARTICLE
New York
Exxon Corp
Exxon
Shell Oil Co
Mobil
U.S
Garvin
Marathon Oil Co
Ashland Oil, Inc
United States
Organization of Petroleum Exporting Countries
Oil-dollar flow seen up in U.S.
A Treasury official says OPEC nations will invest more in the United States after a slow first half 1975. Parsky cites $1.2 billion in July and August and notes 19 percent share of OPEC investments in 1974, with a projected near 19 percent for 1975. He also discusses Saudi ties, price movement, and U.S. potential gains from expanded Saudi commerce.
MENTIONED IN THIS ARTICLE
Washington
United States
Treasury Department
Asst
Treasury
Gerald L. Parsky
U.S
Organization of Petroleum Exporting Countries
OPEC
Parsky
Saudi Arabia
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Clifton Garvin
Amerada Hess Corp
Saudi Araba
Faisal
Qiana
Cerritos
Lakewood
Lakewood and
Delamo
Robes
Wcomp
Val