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13 MILLION GALLONS BIG ..BUT JUST A DROP IN THE BUCKET
The ESSO WASHINGTON is the newest of the 110 ocean-going tankers in the Esso fleets. She can carry 13 million gallons of oil. But that's just a drop in the bucket compared with the 40 billion gallons that Jersey Standard affiliates delivered to customers last year.
As economies expand ... as populations grow ... as people live better, oil must provide more energy to power factories, to drive ships and planes and motor vehicles, to heat and light homes and offices. Last year we supplied more than twice the oil we did ten years ago. This year our customers will need still more.
It's a big job . . . and it requires vast amounts of costly equipment. As our Annual Report points out, we spent $1,083,000,000 last year searching for oil and gas and paying for such things as tankers, pipelines and refineries. And in 1 957, we plan to spend another $1,250,000,000 to find, produce and deliver the oil people will
be needing tomorrow . . . and ten and twenty years from now.
Because Jersey Standard is willing and able to make such investments and because our operations are efficient, we make a profit. In 1956 it was 5808,535.000. About half of it went back into the business to help pay for the new facilities.
Our successful year was good news for the 403,000 shareholders who own the company . . . they got dividends of S2.10 per share on the money they invested.
It was good news for our 156,000 employees . . . whose wages and benefits came to $906,000,000.
It was good news for governments. Operating and income taxes, import duties, con
sumer taxes and other payments from our operations brought to the United States and other governments a record $2,171,000,000. That was five times the dividends to shareholders, more than double the payroll and benefits to employees.
Best of all, our operations were good news for the people of the free world, who rely heavily on the energy of oil for their economic and social progress.
In this, our 75th anniversary year, we intend to continue our efforts to remain successful, profitable and growing, in order to serve people well.
If you would like a copy of our 1956 Annual Report, write us at Room 1626. 30 Rockefeller Plaza, New York 20, N. Y.
STANDARD OIL COMPANY (NEW JERSEY)
AND AFFILIATED COMPANIES producing energy for an abundant life
Broadcasting o Telecasting
May 20, 1957 • Page 83