European Stars And Stripes (Newspaper) - April 27, 1989, Darmstadt, Hesse                                Thursday april 27,1989 the stars and stripes Exxon s earnings Down 13 per new York Al Exxon corp s first Quarter a re rings fell 13 percent As rising crude Oil prices look a Hite Oul of refining margins find she alaskan Oil spill took 3 Lull mostly on the company s image he company said monday. For ihc1t acc months ended March 31, earnings at Itic nation s biggest Oil company declined to si.3 Bil lion or 99 Centra  si.5 billion or $1.06 a share in the Tir Simaner of last year. Revenue Rose i per Iron in $22.2 Hilton compared with s22 billion in the 1958 period. A Exxon based in new York said expenses grew four fold from i tic 98s first a after to $5.4 billion from s1.3 billion mainly by Cense of special one time costs including the acquisition of Texaco Canada inc. Exon said the March 24 spill that tarnished the company s reputation had Only a negligible financial Impact in the first period. Exxon said it charged $30 million Tor Salvage expense vessel repair and partial loss of  the Exxon Valde Oil Tanker ripped its Hull on a reef in Alaska s Prince William sound spilling about 10.1 million Gallons of Alaska crude Oil. Exxon chairman Lawrence g. Rawl said Hie company docs l yet know the full Cost of the disaster. Exxon and Exxon shipping company carry insurance in substantial amounts to Deal with cleanups damage claims and liabilities resulting from Oil spills the company said Lla cd on information to Date we cannot reasonably estimate the incl expense to he borne by Exxon and Exxon shipping company.". Rising world Oil prices Hurt Exxon s refining and marketing earnings Bui helped its exploration and production income in the first Quarter Rawl said. Contrary to some Public perceptions prices for motor gasoline and other products did Mil increase As rapidly As crude Oil costs the chairman said. World Crudu prices have risen about $10 a barrel in the last six months and although gasoline retail prices have jumped it recent weeks analysts said they a not risen by a comparable amount per gallon. That s the reason we re continuing to jew a Price Rise in april As they play catch up it Jdc said Bruce Lazier analyst with Mscott,8yp& turban inc. Exxon said first Quarter  a $3.9 Bik lion expense for the  tax no Canada inc. By its Canadian subsidiaalmpcria.1 Oil Ltd. Texaco inc. Sold its 78 Percyu Lake in Texaco Canada in january. Air Exxon also Blu pal More than 15 Mill Ion shares of its own Stock at Jessl of $676 million. Waves of c Yde Black humor spa it ver Exxon by lit ims Artl times Hollywood Calif. Hey look it could be worse. Comedian Jay Linci says that Ever since the Exxon Valdat rammed into Alaska s Prince William sound fish Sticks come in two styles. Leaded and unleaded. And you know what alaskan yuppies arc Walch Ingv the Dyni tvs of Seattle s Washington environmental Council say in s 10-w-thirtysomething. You get the idea. In the Wake of what u shaping up to be one or the world s Van Rel. Environmental disasters the fix son humor making the rounds these Days is As Black As crude. Here s what Rick Counihan washing ton staff member fur rep. Phil Sharp d ind., chairman of the House Energy and Power subcommittee Calls an Exxon cocktail 10 million Gallons on the rocks. And you know what the one Good thing about the Alaska Oil spill is asks of Ted nentp/ott1, aide 10 sen. Howard Mcl a Baum t -0hio, chairman of the Energy regulation arid conservation sub committee.  Oil is on  says Argus Hamilton a regular on the stages of the tonight show and the comedy store in los Angeles. The Cap Tain of the Valdez has a new Job now Hal Jim Wright s publicist. Even Exxon. Headquarters in York has come up with this insider to you know what Einon e acc Stirts arc drinking these Days Tanqueray on the  David  cause is doing his bit to be help Luj. On recent late night with David Lette Onan he offered 10 no   "10. We be got of of 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  Bloodthirsty marauding walruses. Snow sardines automatically coir Tsi with Oil. 1. Three mile Isla Jid. Now the was an Accident. 3. If it weren t half us. American sea gulls would be cd mered with foreign Oil. 2. Ecosystems sch to ecosystems and inc no. 1 Jojan hey you try drinking three or four six packs and then steering a huge  so. Big Deal says los Angeles Comedi an Taylor Mcgron. \ everybody s talking about the Exxon spillage but nobody s talking Abdul the studio waste. Did you know that a year 16 million pounds of ishtar i ters washed up on Zuma Beach Rajfa the other Day 1 was wading in some water in Santa Monica and a almost got pulled Down by some old of cello. Larry  new York come diff Lewis Black meantime finds it in credible that Exxon could hire an Alcor Nic to drive a Multi million Dollar Sun this Guy two so drunk that he ran into countr not How pc re All taking the disaster lying Oft Leno recently noted on the tonight How that there have been re por Lccy baby seals clubbing Exxon  Oiin Durst a san Francisco comedian and newspaper columnist adds that Exxon will be getting a huge Las write off for its cleanup costs and thai Gas prices lire already going through the roof. "s6 we re going to get i1 both  on a More serious note in the news room of radio station Kovi in Pho Eliis where talk show Host Bob Mohan urges listeners to Fly their american lags up Side Down to protest the Oil spill wags have noted that Exxon is the sign of the double Cross and you know that the last thing that la Valdez Captain said was that a wanted a rum and Coke on the rocks not run the boat on the rocks " of Well muses one cil analyst at least you can t accuse Exxon of not run thing a Light ship \ Lisa Street Saleswoman in a value whup shows if some of the latest to Shirls tapes show Captain tried to Rock Tanker free Valdez Alaska a radio messages recorded the Momin the exion Valdez hit a reef show the ships Captain spent up loan hour trying to Rock the Tanker free  Havi sunk the ship and spilled More Oil the coast guard said tuesday. The tapes show that capt. Joseph Halwood ignored warnings by coast guard cmdr sle a Mcc All that trying to move 1hc ship off the reef thai ripped its Hull on March 24 could have made the Nalion s worst Oil spill almost one times As bad. Lief re you make any i Rakuc attempt to get away make sure of Don Stan doing any ripping Mccall said you got a rising tide i would t it Coni mend doing much wiggling " according to the tapes a Eood replied a Little problem Here with the third mate but we re working Surway Olathe reef. 1 he vessel has been holed and we re ascertaining right now by  to get her off the reef and Well gel bail. To Jou As soon at we can the third mate Mai Gregory cousin1., who Exxon says had been Given control or the ship As it Maneu Vered through Prince William sound on us was to the Gulf of Alaska. Cousins who was not certified to Cori tool the ship m the sound has been unavailable for comment. The reef was Well onside the shipping Lane through inc sound. Hazelwood is charged Wilh operating the new   and negligent discharge of pollution into the water All mis Demea nors. His attorney says he Elwood will return to Alaska voluntarily perhaps As Early As next week and definitely before a Vlaj 5 Tetrad Iron hearing in new York. The radio Taptik were obtained in a Freedom of in formation act request filed b the Anchorage daily news which published details of the in Cri Fuiaxis in a copyright Story in Hitu Idaj editions. There was no immediate indication of whether try ing to free the ship exacerbated the problem but Mccall told the daily news in my opinion if it had Slid office recoil would have sunk. Coast guard chief Petty officer Dick Wchin said tic risk m rocking a stuck ship is that Al May enlarge an holes in the Bottom of inc wat. The ship s Hull had at Cust eight holes some up to 24 feet in diameter meanwhile i rec hatcheries m Pence William sound have begun releasing hundreds of millions of Liny Salmon Fry because Abr annual Bloom of Plankton an important food source for them is at its Peak. By mid May 800 million Salmon Fry will to released from five hatcheries throughout Itic sound Exon estimates at least i million Gallons of Oil still is of lofting on he water of the sound and the Gulf of Alaska and the Fry May encounter Oil. Oil skimming operations were hampered by a third straight Day of rough seas. Most vessels remained anchored in Safe harbours and Snow fell m voided