1. Ashland Oil Inc.: Trouble At Floreffe
Intro/Facts Ashland Oil, Inc. with revenues exceeding $7 Billion in 1987 was the sixtieth largest company in the country and the nation's largest independent oil refiner. The company employed over 42,000 people worldwide and had refining capacity of 346,000 barrels of oil per day. Key oil supplies came from the Middle East and Nigeria, where Ashland Oil Inc. (AOI) had a long-term production contract. To reduce its dependence on the volatile refining industry, AOI had diversified into other energy-related activities such as petroleum product transportation and marketing; chemicals; coal...
- Word Count: 4885
- Approx Pages: 20
- Grade Level: Undergraduate