European Stars And Stripes (Newspaper) - April 26, 1989, Darmstadt, Hesse                                Wednesday april 26, 1989 the stars and stripes Page 3 Exxon s earnings Down 13 percent new York a Exxon corp s first Quarter earnings fell 13 percent As rising crude Oil prices look a bite oui of refining margins and the alaskan Oil spill took a loll mostly on the company s image the company said monday. F or the three months ended March 31, earnings a the nation s biggest Oil company declined to $1.3 Bil lion of 99 cents a share from ,5 billion or $1.06 n iliac in the first Quarter of last year Revenue Rose 1percent to s22.2 billion compared with s2i billion in the i9ss period. Exxon based in new York said expenses grew four fold from the 198 s first Quarter to s5.4.bitlion from $1.3 billion mainly because of special one Tim costs including the acquisition of Texaco Canada inc. Exxon said tie starch 2a Spil thai tarnished inc company s reputation had Only a negligible financial Impact in the first period. Exxon said it charged Sjo million for Salvage expense vessel repair and partial loss of  the Exxon Valdez Oil Tanker ripped its Hull on a reef in Alaska s Prince William sound spilling Aboul 10.1million Gallons of Alaska crude Oil. Exxon chairman Lawrence g. Raw i said the company does t yet know the full Cost of the disaster Exxon and Exxon shipping company carry insurance in substantial amounts to Deal with cleanups damage claims arid liabilities resulting from Oil spills the company said. Based on information to Date we cannot reasonably estimate the net expense to be borne by Exxon and Exxon shipping  rising world Oil prices Hurt Exxon s refining and marketing earnings but helped its exploration and production income in the. First Quarter. Raw said. Contrary to some Public perceptions prices for motor gasoline and other products did not increase As rapidly As crude Oil costs the chairman said. World crude prices have risen about 110 a barrel in the last six months and although gasoline retail prices have jumped in recent weeks analysts said hey have not risen by a comparable amount per gallon. That s the reason we re continuing to have a Price Rise in april As they play catch up to crude said Bruce Lazier analyst with pc Scott Ball & Turben inc. Exxon said first Quarter results reflected a s3.9 Bil lion expense for the acquisition of Texaco Canada the. By its Canadian subsidiary. Imperial Oil Ltd. Texaco inc sold its 78 percent stake in  Canada i january. ,. Exxon also bought More than 15 million shares of its own Stock at a Cost of $676 million. Waves of crude Block humor spill Over Exxon by the los a Fieles times Hollywood Calif. Hey look it could be worse. Comedian Jay Leno says that Ever since the Exxon Valdic rammed into Alaska s Prince Wiljam sound fish Sticks come in two styles. Leaded and unleaded. ,. ". And you know what alaskan yuppies Are watching the Denise it of Seattle s Washington environmental Council say it s Low shirt something. You get the id Cor Iri Lite Wake of whats shaping up to be one of the world s worst environmental disasters the Exxon humor making the rounds these Days is As Black As crude. Here s what Rick Counihan washing ton staff member for rep. Phil Sharp d ind., chairman of the. House Energy and Power subcommittee Calls an Faxxon cocktail 10 million Gallons on the rocks. And you know what the one Good thing about lie Alaska Oil spill is asks David Nam pow aide to san. Howard. Meet Baum a Ohio chairman of the Energy regulation and conservation sub committee tuna with Oil Ison sate.". Says Argus Hamilton a regular on the stages of the tonight show und the comedy store in los Angeles the Cap  Valdez has a new Job now. He Jim Wright s publicist. Even Exxon Headquarters in Mew York has come up with this insider lip. Vou Khov Whyl Exxon executives Are drinking these Day Tanqueray on the  a Etc Man of course is doing1iis bit to be helpful on Etc cell Lale night with David Lull Ermani he offered to new slogans that Exxon might adopt. "10. We be got Oil to spare 9. Exxon transportation the Eastern airlines of the sea. 8. Anybody got a tissue 7. Breathe a word of this to anyone and Well kill you 6. Keeping your Chil Dren Safe from Bloodthirsty marauding. Walrus so 5, now sardines automatic Al. By come with Oil. 4. Three mile Island now that was an Accident. 3. If it weren t for us american sea gulls would he covered with foreign Oil 2. Ecosystems  and the no. I slogan hey you try drinking three or four six packs and then steering a huge Oil  so big Deal says los Angeles Comedi an Taylor Negron. Everybody s talking about the Exxon spillage but nobody s talking about the studio waste. Did you know that Las year 16 million pounds of "ishtar1 pos ters washed up on Zuma Beach and theother Day i was wading in some shallow water in Santa Monica and i almost go pulled Down by some old hello larry1 scripts.". New York comedian Lewis Black meantime finds it incredible that Exxon could hire an alcoholic to drive a Miulli million Doliar supertanker. This Guy was so drunk that he ran into a country.". Not that we re All taking the disaster lying Down. Leno recently noted on the tonight show that there have been re ports of baby seals clubbing Exxon Csc a tics. -. Will Durst a san Francisco comedian and newspaper columnist adds that Exxon will be getting a huge tax write of for its cleanup costs and that Gas prices Are already going through the roof so we re going to get it both   on a More serious note in the news room of radio station Kyi in  talk show Host Dob Mohan urges. Listeners  Jahcir american flags up Side Down to protest the Oil spill wags have noted that Exxon is the sigh of the double Cross. And you know that the last thing that the Valdez Captain said was that he wanted a my and Coke on the rocks not run the boat on the  of Well  Oil analyst at least  t accuse Exxon of not run Ning a tight   Street  Noiin in u Valde shop shows off some of the latest to shirts. Oil cleanup efforts focus on saving wildlife Valdez Alaska a millions of tiny Salmon have been released into Oil tainted Prince William sound and wildlife officials were deploying fireworks shotguns and other noisemakers 16 scare migrating Birds to safety. With High wind and rough seas hampering the cleanup monday for it second straight Day the focus was on wildlife As the slate announced Exxon had agreed to build a second Otter rehabilitation Center the amphibious transport Dock it Macau meanwhile arrived from san Diego to become a floating Mobil base for up to 400 cleanup workers who will go out in Small boats. The weather with Ieav up to 18 feet kept Oil skim Ming boats hugging the Shore in the sound and the Oul Rof Alaska. Bui a fishermen s flotilla attacked m r crouching Oil off the Southern tip of Kunat Peninsula near the Mouth of Cook Inlet. The boats dragged nets with absorbent material sewn into them the Way the would gather herring this Lime of year. They hoped to Block a i Ifni of Oil from fish Rich Kache Mast Bay the second Otter rehabilitation Center opened in Seward Aboul. 130 Miles Southwest of Valdez Exxon insisted Llma Ali arc was adequate capants at the Valdoz Center 10 handle Plim found Oul Jdc the sound. But the . Fish and wildlife score argued that trans porting he otters to Valde would subject them to More stress and diminish their chances Omir Viviin Twenty four million Salmon Fry have been released since Laie sunday because a nov Plankton Bloom made conditions in the sound As Good Ai Thoj will get. More Are being released tins week. One the fish Cath a certain sue they can be Lian med by Fisher men who pay fees to the Halchen i when the Exxon Vad Tanur ran aground on a reef March 24 and spilled 10.1 million Gallons of crude Oil five Prince William sound hatcheries held More than 800 million Salmon Fry. The hatcheries were the primary target of initial protective Boom deployment because they usually account for at least half of the commercial Salmon Harvest in the sound the Salmon Fry each less than the length Ofa  Hac u negotiate through the spill s remnants which Exxon estimates at 1.2 million Gallons. With officials counting nearly 3,000 bards killed by he nation s worst Oil spill and 15 million expected to arrive soon Ihuv. fish & wildlife service said it would begin its Bird scaring plan tuesday. Crew planned to use i Opac cannons shotguns loaded with special Cracker shells Whistler bombs and bottle rocket to keep the Arm ing Birds away from contaminated areas that Hanc been prime nesting areas along Trio Southern Alaska coast. Reflective tape also was to be used to keep Birds from Landing in oiled areas. While the rough seas kicked some Oil onto previously unsullied beaches the weather also broke up some Oil and in created the likelihood that More crude will be carried to the open sea