Oil & Gas: A New Kind of Gusher


Any young man who signs up for a job with an oil company nowadays may find himself involved in the business of making toothbrushes, running a motel, selling houses or dredging for diamonds. Oil companies got their start by striking oil, but they are now striking out into a wide-ranging diversification program that often takes them far from the oilfields. Says Vice President S. G. Walters of Socony-Mobil's Mobil Centers division: "We'll find money to in vest in any proposal that shows promise of a substantial return."

The big oil companies,...

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