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BUSINESS
July 26, 1989 | PATRICK LEE, Times Staff Writer
Phillips Petroleum Co. on Tuesday reported improved earnings in the second quarter, due in part to higher crude oil prices, while Chevron Corp. and Mobil Corp. both reported lower earnings. Chevron's earnings dropped 22.3%, in part because last year's numbers included an unusual gain; Mobil's dropped 22.7%, in part because this year's figures included a loss from the sale of assets, and Phillips' rose 15.9%.
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CALIFORNIA | LOCAL
January 9, 1987
In response to Mobil Corp's quarter-page, paid advertisement (Dec. 25), "Free Speech Is Under Assault," I would like to expand Jesse Unruh's maxim, "Money is the mother's milk of politics" to include "Money is the mother's milk of political and commercial 'freedom of speech' advertising." What individual citizens as myself must realize is that, although the U.S. Supreme Court ruled in First National Bank of Boston vs. Bellotti (1978) that "corporations were felt to have as much right as individuals to advertise their views on public issues," we as individuals cannot even begin to compete in debate against the well-financed, slick-media political and advertising campaigns of the wealthy corporate giants such as Mobil, et al. As a result, due to severe economic disparities (hence, inequalities)
BUSINESS
February 20, 1997 | From Associated Press
A gasoline marketer that helped pave the way for motorists to pay at the pump with a credit card has a new device that should speed visits to its service stations while letting customers leave the card at home. Mobil Corp. plans to introduce in May an electronic gizmo to hook on a key chain that uses radio signals to activate the gas pump and charges the purchase with a single swipe past the pump.
BUSINESS
December 27, 1990 | From Reuters
Mobil Corp. is discussing the possibility of a three-way oil exploration and production venture with the Soviet Union in Vietnam, company officials said Wednesday. The project would be Mobil's first exploration and production venture with Moscow, Mobil said. But due to a 15-year trade embargo that the United States has against Vietnam, the discussions remain at a preliminary stage, a Mobil spokesman said.
BUSINESS
July 28, 1992
Mobil Corp., one of several oil companies to report second-quarter results, said its profit fell 43% due to depressed demand for petroleum and chemical products. Atlantic Richfield Co. said its profit went up 25.6%, thanks to a strong market for refined products on the West Coast and higher prices for crude oil and natural gas. And Chevron Corp. said earnings dropped 9%, mostly due to short-term costs associated with work force cuts. But Phillips Petroleum Co.
CALIFORNIA | LOCAL
January 25, 1990
Hydrogen fluoride, used by four Los Angeles area refineries to manufacture unleaded gasoline, poses a greater public safety threat than an alternative chemical used by other refineries, according to a South Coast Air Quality Management District staff report. The report, released Wednesday, used computer modeling to simulate the effects of controlled and uncontrolled spills of hydrogen fluoride and its alternative, sulfuric acid.
BUSINESS
July 28, 1997 | From Bloomberg News
Chevron Corp., Mobil Corp. and Exxon Corp. are set to sign Azerbaijan oil development contracts Aug. 1, the Azerbaijan embassy said. The contracts, which signal the next major involvement of U.S.-based petroleum companies in the oil-rich Caspian region, will be signed in Washington by Azerbaijan President Heydar Aliyev, said Araz Abbasov, third secretary in Azerbaijan's Washington embassy.
BUSINESS
December 7, 1991 | PATRICK LEE, TIMES STAFF WRITER
Mobil Corp. said Friday that it cut by 10% its capital spending budget--a blueprint of how much money the company intends to spend on major projects in coming years. Mobil's announcement comes amid expectations that the oil industry in general will curtail spending in 1992 because of poor economic conditions. Mobil Chairman Allen E. Murray said the company will pare its capital budget by $500 million, mainly because the economy promises to remain sluggish.
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