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BUSINESS
February 10, 1993 | From Times Staff and Wire Reports
First Fortune 500 Firm Signs Environmental Pledge: Sun Co., the Philadelphia-based energy conglomerate, will announce today that it endorses the Ceres Principles, formerly the Valdez Principles. The pledge--promoted by the Coalition for Environmentally Responsible Economies, an environmental group--was written in response to the 1989 Exxon Valdez oil spill.
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BUSINESS
January 29, 1993 | From Reuters
Occidental Petroleum Corp. on Thursday reported a net loss of $588 million for the fourth quarter after it took a $600-million, non-cash charge related to its exit from the coal business. Also reporting quarterly results were energy companies Sun Co., which posted a net increase, and Phillips Petroleum Co., which reported a rise that also reflects a $20-million charge for early debt redemption. Occidental said its fourth-quarter loss, equal to $1.94 a share, came on sales of $2.3 billion.
BUSINESS
January 29, 1993 | From Reuters
Occidental Petroleum Corp. on Thursday reported a net loss of $588 million for the fourth quarter after it took a $600-million, non-cash charge related to its exit from the coal business. Also reporting quarterly results were energy companies Sun Co., which posted a net increase, and Phillips Petroleum Co., which reported a rise that also reflects a $20-million charge for early debt redemption. Occidental said its fourth-quarter loss, equal to $1.94 a share, came on sales of $2.3 billion.
BUSINESS
October 24, 1990 | PATRICK LEE, TIMES STAFF WRITER
Texaco Inc. said earnings were up in the third quarter, mainly because of higher crude oil prices, but Mobil Corp. and Shell Oil Co. reported profits that were down sharply as losses in chemicals, refining and marketing more than offset crude oil gains. Amerada Hess Corp. reported a fivefold increase in net income for the quarter, primarily because of gains in petroleum futures trading.
BUSINESS
February 10, 1993 | From Times Staff and Wire Reports
First Fortune 500 Firm Signs Environmental Pledge: Sun Co., the Philadelphia-based energy conglomerate, will announce today that it endorses the Ceres Principles, formerly the Valdez Principles. The pledge--promoted by the Coalition for Environmentally Responsible Economies, an environmental group--was written in response to the 1989 Exxon Valdez oil spill.
BUSINESS
March 3, 1989 | From United Press International
A major American oil company confirmed Thursday that it had conducted exploratory business talks with Vietnam, even though the U.S. government has a trade embargo against the Southeast Asian nation. "A representative of Unocal Corp. did visit Vietnam in an exploratory meeting several weeks ago," said Art Bentley, a spokesman for the Los Angeles-based company. "There are no plans to proceed any further. That's about all I want to say about it," he said. He noted that the U.S.
NEWS
September 26, 1985 | Associated Press
Lightning ignited fumes in an underground storage tank at a Sun Co. Inc. refinery Wednesday, causing an explosion that tossed pieces of concrete up to 300 yards but injuring no one, officials said.
BUSINESS
October 24, 1990 | PATRICK LEE, TIMES STAFF WRITER
Texaco Inc. said earnings were up in the third quarter, mainly because of higher crude oil prices, but Mobil Corp. and Shell Oil Co. reported profits that were down sharply as losses in chemicals, refining and marketing more than offset crude oil gains. Amerada Hess Corp. reported a fivefold increase in net income for the quarter, primarily because of gains in petroleum futures trading.
BUSINESS
March 3, 1989 | From United Press International
A major American oil company confirmed Thursday that it had conducted exploratory business talks with Vietnam, even though the U.S. government has a trade embargo against the Southeast Asian nation. "A representative of Unocal Corp. did visit Vietnam in an exploratory meeting several weeks ago," said Art Bentley, a spokesman for the Los Angeles-based company. "There are no plans to proceed any further. That's about all I want to say about it," he said. He noted that the U.S.
BUSINESS
August 27, 1990 | From Reuters
The profitability of the 20 largest U.S. oil companies fell during the first half of the year, the American Petroleum Institute said Sunday, despite a rise in revenues. But the companies' prospects are likely to improve dramatically in the second half of the year due to the 50% rise in crude prices since the Iraqi invasion of Kuwait. The API said profit as a percentage of stockholder equity fell to 13.2% from 15.8% last year.
BUSINESS
April 26, 1993 | Reuters
A dozen large companies including Phillips Petroleum Corp. and International Business Machines Corp. are due to announce a voluntary agreement to disclose key environmental data next month. Under the terms of the agreements, companies will pledge to publish "environmental performance data" regularly on waste, emissions and the way company policies are established. The companies are working out final details, said Barbara Price, Phillips vice president for health, environment and safety.
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