October 22, 1996 |
Fairfax, Va.-based Mobil, the No. 2 oil company, said its profit fell 2%. "Third-quarter results were disappointing due to unfavorable market conditions in many of the businesses where we have a substantial presence," Chairman Lucio A. Noto said, adding that the company was hurt by unexpected refinery outages. Mobil earned $769 million, or $1.92 per share, for the quarter ended Sept. 30. That compares with $786 million, or $1.95, earned in the 1995 quarter.
CALIFORNIA | LOCAL
September 7, 1996 |
A fire that erupted at the 750-acre Mobil Oil Corp. refinery in Torrance on Friday shook nearby residents out of their beds at 5:18 a.m., causing many of them to flee when they saw flames coming from one of the many towers. The fire was under control less than two hours later. No one was injured or evacuated, Torrance Fire Chief R. Scott Adams said. Residents heard a loud boom and saw flames erupt from a unit called a platinum reformer, which upgrades low-octane gas to high-octane gas.
February 9, 1996 |
Faced with opposition from environmentalists and the community and the prospect of lengthy delays, Mobil Corp. said Thursday that it was pulling the plug on a novel proposal to drill for offshore oil from dry land in Santa Barbara. Mobil said it will abandon the Clearview project, first put forward three years ago, to drill into an underwater deposit of 155 million barrels of oil from a site onshore. "It was a business decision," said Shauna Clarke, a spokeswoman for Mobil's U.S.
January 23, 1996 |
"Philco TV Playhouse" and "Texaco Star Theater" on NBC. "General Electric Theater" and "Philip Morris Playhouse" on CBS. "Hallmark Hall of Fame," almost as old as television itself, which has been broadcast on NBC, ABC and CBS. There is history in the use of brand names in TV program titles. But never before on commercial-free PBS. At least not until now. On Feb.
CALIFORNIA | LOCAL
January 20, 1996
Cars lined the streets surrounding some Mobil gas stations when drivers took advantage of a temporary but drastic gas price reduction special. In Compton, as elsewhere, customers were delighted with the lower prices. "This is great, we really need more specials like this," said Martha Kemp, a convalescent caretaker who waited 15 minutes in a 13-car line on Long Beach Boulevard to fill up her car. "They'd better not run out of gas before I get there."