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The Chronicle Telegram in Elyria, Ohio

27 Jul 1979

Page 12

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The Chronicle Telegram July 27, 1979 Page 12 old newspaper archives

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jul 27, 1979

Page

12

Oil firms report huge profits from overseas operations

Texaco Getty and Sun report large second quarter gains as Aramco partners benefited from higher crude prices. Texaco profits rose 132 percent to 365.4 million dollars with 1.35 a share while Getty jumped 149.1 percent to 139.5 million dollars and 1.70 a share. Revenue climbed to 853 billion dollars.

MENTIONED IN THIS ARTICLE

Texaco Inc Getty Oil Co Sun Co Getty Texaco Sun White Plains N.Y U.S Arabian American Oil Co Saudi Arabia Wall Street Armaco Exxon Aramco Mobil Socal Maurice Granville Granville United States
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Oil lobbyists push back on Carter windfall tax claim

In Washington, oil company officials argued President Carter overestimates their Capitol Hill clout as they defend the industry amid his call for a windfall profits tax. A Standard of Indiana spokesman cited depletion allowances and price controls while a Gulf spokesman urged solutions over blame and urged energy cooperation. The protests followed Carter's press conference advocating the tax and warning the lobby will fight its passage.

MENTIONED IN THIS ARTICLE

Oil Company Carter Capitol Hall Standard of Indiana Gulf Congress
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United Press International GENIE ERB Radio & TV Inc Middle Ave Elyria the Chronicle Telegram East Avenue Ohio Elyna Lorain County Printing & Publishing Company Chronicle Telegram Flyria Cleveland Barbershop Quartet Citzens Sound Syndicate Sound Syndicate Barbershop Quartet Oberlin Avenue Midway Mall West River Road Fiyn Additen Citvens America Fluffy Broadway Kirsch Walker Cleveland St Richard L. Fogel Center Ridge Road North Ridgeville Ate Tor Niture Bea Wes Hutch Broyill Penn Colony Pennsylvania China Broyhill Vek ‘Ate Gorvair Dames David BankAmericard Venee James David Chrome Glasa Leveseat Oberlin Road Peedy
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