Oil Industry Profits From the Middle East War

The scan: The Week v8 no19.pdf (PDF, Marxists Internet Archive, opens at this page)

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Recently published Company reports for the third quarter of 1967 show that United States petroleum companies were able to convert last summer's Suez "crisis" into one of the most profitable experiences in industry over the same period. A dozen of the largest international oil companies have so far reported. Of these, only one has failed to lift its net profits above the levels for last year's corresponding period, when most of the companies recorded record earnings for any quarter throughout their history. Ail the firms concerned had appealed for Government aid last summer to enable them to "bridge the crisis", but all the higher earnings have been registered without any help from Washington,