OCR Text |
Show STANDARD OIL, CAL., MAKES GOOD PROFIT SAN FRANCISCO. April 4 Tho annual an-nual statement of the Standard Oil OOm-pan OOm-pan of California for 1921 shows the company made a net profit of 333, 6SS. -230 99. or 14 25 per cent on an Invested capital and surplus of $235,650 645. The anvunt paid In cash dividend wrus 316.499.546.20. The statement said that with a return re-turn to normal business conditions tho present production of crude oil In California Cali-fornia will be no nvre than enough to meet current demands. Among operations being carried on outside California the report listed the drilling of two wells by a subsidiary. The California company'' on 21.153 firm of land In Montana, and the drilling drill-ing of two wells on a tract of more than a million acres ln Colorado. Through operation of the company's stock Investment plan. the statement said, employes last year accumulated $3,-695.838 $3,-695.838 worth of stock. |