From Financial Times of 24/8/63 OIL COMPANINS DO WELL IN FIRST HALF OF 1963

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from Financial Times of 24/8/63

Following 19 8. successful results, the major oil companies continued to do well during the first half of this year, Taken together the 21 largest US companies inoreased their earnings by 18% over the corresponding 1962 period and Texaco, Gulf, Indiana Standard, Phillips, Continental and Sun all reported the best half-year's figures in their history. Among the companies to show a better percentage increase than average wore Standard Oil of New Jersey with a 20% rise to $513 me, Gulf, up 19% to$180n., and Indiana Standard, which gained 35% to $91.7m. Of the others, Texaco showod a 12.6% improvement to $247.9 m. and Mobills $134m. profit was 14% bettor than last year's equivalentseceeces