178
THOMSON'S MANUAL
RICHFIELD OIL COMPANY
GENERAL OFFICE: Bartlett Bldg. Los Angeles, Calif.
HISTORY: Incorporated under laws of Delaware, Aug. 2, 1926. °
BUSINESS: Producing, refining and retailing gas, oil and petroleum products.
PROPERTY: Owns 100% Class A Common stock (voting) of Pan-American West-
ern Petroleum Co., which owns 1009 (except directors’ qualifying shares) of the
capital stock of Pan-American Petroleum Co. Company owns in fee or under
leases 82,071 acres of oil lands, one-half of which is proven and semi-proven
territory, situated in Los Angeles basin and in the Ventura, Kings, Tulare, Santa
Barbara, Kern and Orange County fields of California. The company owns over
500 miles of pipe lines, 120 tank cars (209 tank cars under lease), 1,203 automo-
biles, trucks and trailers, 8 harbor terminals and marine equipment. Company
also owns refineries at Hynes, Calif., and Watson, Calif.,, having a capacity of
27,500 barrels per day. Eleven natural gasoline plants having a capacity of 168,-
000 gallons and a storage system having a capacity of 21.000.000 barrels are
owned by the company.
OFFICERS: J. A, Talbot, Chairman; C. M. Fuller, Pres.; R. W. McKee, Vice
Pres.; Bradford M. Melvin, Vice Pres. & Sec'y.; J. S. Wallace, Vice Pres.; C. B.
Farretson, Vice Pres.; J. C. Graves, Vice Pres.; A. M. Kelley, Vice Pres.; W. E.
Hart, Treas.
DIRECTORS: J. A. Talbot, C. M. Fuller, Joe Toplitzky, S. M. Haskins, Carey S.
Hill, R. I. Rogers, Geo. Newberger, Fred W. Flint, Jr.,, W. E. Dunlap, J. W.
Henderson, Nion R. Tucker, Garretson Dulin, Thomas W. Streeter.
GENERAL AUDITORS: Peat, Marwick, Mitchell & Co.
Fiscal Year Ends: Dee. 31. Annual Meeting: 3rd Thurs. in March.
Number of Employees: About 5,000.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized Outstanding
1. 7% Cum. Preferred StocK......ecoeeee.... 325 400,000 shs 399,900 shs
2. Common Stock ..... . %25 5,000,000 shs 1.947.241 shs
i. PREFERRED 7%
Provisions: Has preference as to as-
sets and dividends. In liquidation en-
titled to $26.25 per share and dividends.
Without consent of 24 of Preferred out-
standing, company may not issue stock
having preference or priority with this
.ssue.
Callable: At $26.25 on any dividend
date on 60 days’ notice.
Voting Power: Entitled to one vote
per share on default of dividends for
two years.
Dividends: Initial dividend of 139%
paid Feb. 1, 1927; regular dividends
paid quarterly since. (Feb. May, Aug.
and Nov. 1)
TUMULATIVE STOCK
Transfer Agents: Bank of America,
,08 Angeles; Anglo California Trust
Jo., San Francisco: Chase Nat. Bank,
Vew York.
Registrars: Security-First Nationa.
Sank, Los Angeles; Wells Fargo Bank
& Union Trust Co. San Francisco;
Juaranty Trust Co., New York.
Listed on: Seattle Stock Exchange,
Vew York Curb, Los Angeles and San
francisco Stock Exchanges.
Price Rap-—- 1029 1928 1927
Jigh .. LoS 311, 27
TOW eeieceimenneeaenmnnnnana 19 231; 2115
2, COMMON STOCK
Details: Issued in exchange for jend after May 1, 1928, at 50c¢ per share
United Oil Co. stock on the basis of payable quarterly Feb. 15, etc.
3 shares for 1 of United Oil Co. Transfer Agents & Registrars: Same
Voting Power: Sole voting power as Preferred.
with restrictions, see No. 1. Listed om: New York Stock Ex-
Dividends: Initial dividend of 25c change, Los Angeles Stock Exchange
per share and 15c¢ extra paid Feb. 1, and San Francisco Stock Exchange.
1927; May 1, 1927, 25¢, and quarterly Price Range: 1929 1928 1927 1926
thereafter to May 1, 1928, incl.; stock High .. ..49% 56 283, 251
tividend of 19, paid May 1, 1928. Divi- LOW... 11 231% 14 21%
COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31
1929 19: 1927 1926
...$83,430,834 $52,021,390 *8,611,891 $32,070,568
65.844,295% 29.258 “99 1 130.07F 27.738.267
332,601
1992 9/9
Operating Profit ____._.......$17,57€¢"
Other Income ........_ eran 20
Total Income
interest .................
Depreciation ........
Federal Taxes .......
=
Fr €,560
©1044
190,780
289.444
7.644.392
952.271
, 1.692.121
TINhNANG
3)
Net Profit ...........
Preferred Dividends ................
“ommon Dividends ................
~-
} - AL
Cdye wo
)y 791 O00
Surplus ae. .3 4,009° 35
Carned, per share Common 24.04
4.343,
£2 0
«> UY
