30 LARGEST COMMON STOCKHOLDERS OF ASHLAND OIL, INC., As of MAY 8, 1972-Continued Individual... Do-- Do.. Do... Do.. Holder Cittrest & Co., care of Trust Department, Citizens Do.. Do.. Do.. Do. Number of shares 71, 500 71, 095 68, 560 68, 398 67,000 65, 839 59, 130 58,724 58, 070 57, 146 55, 945 Appendix B RESPONSES, BY INDUSTRY GROUP, TO SENATOR METCALF'S REQUEST FOR INFORMATION CONCERNING 30 TOP STOCKHOLDERS I. INDUSTRIALS A. Petroleum Companies ASHLAND OIL, INC. MAY 11, 1972. DEAR SENATOR: I have received your letter of May 2, 1972, and the various enclosures. I am enclosing, for your information, copy of our most recent proxy statement filed with the Securities and Exchange Commission,' as well as a list of the 30 largest shareholders as requested by you. You will note that where stock is owned by individuals we have not given the names of the persons involved. We feel that to do so would be a breach of our duty to these shareholders. We believe that the information contained in this list, together with the proxy statement, should permit you to satisfy the objective of your study. Cordially yours, ORIN E. ATKINS, 30 LARGEST COMMON STOCKHOLDERS OF ASHLAND OIL, INC., AS OF Number of shares 1,685,340 Holder Trude & Co. (Ashland Oil thrift plan), care of Conti- Parness & Co., care of Central National Bank of Cleve land, P.O. Box 6179, Cleveland, Ohio Edal & Co., 35 Congress Street, Boston, Mass. 02109- Hamilfund & Co., care of the First National Bank of Colo... Do.. Atwell & Co., United States Trust Co. of New York, 1Retained in committee files. 231,248 178,200 81, 996 73,000 Cudd & Co., care of Chase Manhattan Bank, P.O. Box Board of Trustees of the Retirement System of the City (239) ATLANTIC RICHFIELD COMPANY DEAR SENATOR METCALF: Your May 2, 1972 letter to Mr. R. O. Anderson has been referred to me for response. The attachment lists the thirty largest shareholder accounts in the Common Stock of Atlantic Richfield Com715,559 pany as of April 30, 1972. When known to us, the street name has been identified with the institution with which it is connected. 501,000 As noted on the attachment, there are several items which warrant special comment. For example, the stock held by Cities Service Company represents stock which was received by that organization in return for its holdings in the former Richfield Oil Corporation, which merged into Atlantic Richfield Company in January 1966. The Cities Service Company is under court order to dispose of these holdings by no later than January 3, 1973. The total number of voting shares of Atlantic Richfield Common Stock as of April 30, 1972 was 45,917,976 shares. 83, 800 However, there are two Convertible Preference issues out standing, which equate to an additional 10,495,044 shares of Common Stock when fully converted. I trust that this information will suit the needs of your request. Cordially, 55, 822 54, 273 53, 222 50,000 RANDAL W. REED, Financial Vice President. do so. 30 LARGEST SHAREHOLDER ACCOUNTS, COMMON STOCK, In respect of the request that we identify the 30 top APRIL 30, 1972 stockholders and the number of shares owned by each, it Holder Numbhcare is our view that we are obliged not to disclose this informaKane & Co., care of Chase Manhattan Bank, Box 1508, tion without permission of the individual stockholders to Church Street Station, New York, NY 1,500,613 Cities Service Co., 60 Wall St., New York, N.Y. 1,380, 403 Cede & Co. (Stock Clearing Corp.), Box'20, Bowling We regret that we are unable to respond fully to your Green Station, New York, NY. 1,266,646 request. Stuart & Co., First National City Bank, P.O. Box 2781, Yours very truly, Grand Central Station, New York, N.Y. 989,765 CHARLES V. WHEELER, General Counsel. 677,711 Robert 0. Anderson, P.O. Box 1000, Roswell, N. Mex.. 529, 159 CONTINENTAL OIL COMPANY May 24, 1972. Merrill Lynch, Pierce, Fenner & Smith, Inc.,, P.O. Box DEAR SIR: Mr. McLean asked me to answer your letter 3162, Church Street Station, New York, N. Y. Steere & Co. (Girard Trust Bank), Box 1624, Church of May 2 concerning our top thirty shareholders. I am Street Station, New York, N.Y. 441,359 attaching a list of the top thirty shareholders as of Home Oil Co., Ltd., 304 6th Ave., SW., Calgary, Alberta 1, March 24, 1972. In answer to your other question, as of Canada. 422,936 March 17, 1972 there were outstanding 50,657,970 shares Cross & Co., care of First Pennsylvania Bank, P.O. Box 403,292 of capital stock of the Company consisting of 49,936,649 Egger & Co., Chase Manhattan Bank, P.O, Box 1508, 8286, Philadelphia Pani shares of Common Stock and 721,321 shares of Preferred Church Street Station, New York, N.Y. 383,885 Stock, each such share having one vote. Brown Brothers Harriman & Co., 59' Wall St., New York, Very truly yours, N.Y.. 365, 775 Cudd & Co., care of Chase Manhattan Bank, Box 1508, KEITH W. BLINN, Church Street Station, New York, N.Y. 363,656 Vice President and General Counsel. Pitt & Co., care of Bankers Trust Co., P.O. Box 2444, Church Street Station, New York, N.Y. 303,850 30 LARGEST STOCKHOLDERS Perc & Co., care of Trust Department, Safekeeping Division, Northwestern National Bank, Minneapolis, Number of Minn. 300,000 shares Bark & Co., care of State Street Bank & Trust Co., P.O. Salkeld & Co.!, care of Bankers Trust Co., Box 704, Box 7385, Church Street Station, New York, N.Y. 300,000 New York, N.Y.- 2,438,772 Douglass & Co. (Morgan Guaranty Trust Co.), Box Cede & Co., care of Stock Clearing Corp., Box 20, 1426, Church Street Station, New York, N.Y 299, 280 2,212,980 Gunther & Co. (Swiss Bank Corp.), 15 Nassau St., New Texcomco, care of Trust Department, Texas Com- 295, 385 1,695,768 Rush & Co. (Swiss American Corp.), P.O. Box 81, Wall Pace & Co., Box 926, Pittsburgh, Pa.. 922, 313 , 284, 330 Perc & Co., care of Northwestern National Bank, Cummings & Co., Chemical Bank New York Trust Co., Trust Department, Safekeeping Division, MinneapoBox 991, Church Street Station, New York, N.Y. 278, 331 lis, Minn... 630,300 Gooss & Co., care of Chase Manhattan Bank, P.O. Box Merrill Lynch, Pierce, Fenner & Smith, Inc., 70 Pine 1508, Church Street Station, New York, N.Y.. 258, 000 St., New York, N.Y. 543,968 Hare & Co., care of Bank of New York, Bank Window, Barnett & Co., care of Bankers Trust Co., Box 704, Church Street Station, New York, N.Y. 228, 224 New York, N.Y.. 509,329 Leslie & Co. (Irving Trust Co.), P.O. Box 12085, Church Gilmet & Co., care of Irving Trust Co., One Wall St., Street Station, New York, N.Y.256, 772 New York, N.Y. 508,800 Lerche & Co., care of Bank of New York, Attention: Cudd & Co., care of Chase Manhattan Bank, Box 1508, Department 4, 48 Wall St., New York, N.Y. 225, 730 New York, N.Y. 502,194 Anderson & Co. Fidelity Philadelphia Trust Co., Box Douglass & Co., Box 2010, Church Street Station, 1706, Church Street Station, New York, N.Y.. 225, 482 454,500 Saxon & Co. (Provident National Bank), 1632 Chestnut Atwell & Co., care of United States Trust Co., Box 456, St., Philadelphia, Pa.. 225, 098 Wall Street Station, New York, N.Y.. 375,000 Salkeld & Co., care of Bankers Trust Co., Church Schmidt & Co., Box 1479, New York, N.Y. 374,982 Street Station, New York, N.Y... 221, 662 J. & W. Seligman & Co., 65 Broadway, New York, New York State Teachers Retirement System, Box N.Y. 361,679 6028, Albany, N.Y...... 210,000 Thomas & Co., care of First National City Bank, 20 329,048 1 Represents stock received in exchange for holdings of Richfield Sigler & Co., Manufacturers Hanover Trust Co., New Oil Corp. at the time of the merger of Atlantic Refining Co. and York, N.Y. 327,609 Richfield Oil Corp. Holdings must be disposed of under court order New York State Teachers Retirement System, care by January 3, 1973. of Division of the Treasury, Box 7002, Albany, N.Y.. 311, 600 . Includes 125,000 shares held by the Diamond A Cattle Co., in Carothers & Clark, Box 1910, Wilmington, Del. 300,000 which Mr. Anderson is the controlling stockholder. Stawis & Co., Box 1479, New York, NY.. 295,000 • Has no affiliation with the holdings of Robert O. Anderson. Nabank & Co., care of Trust Department, Box 2300, 252,320 248,888 CITIES SERVICE COMPANY Harvard & Co., care of New England Merobants 244, 634 May 9, 1972. Emseg & Co., care of Northwestern National Bank, 233, 270 MY DEAR SENATOR METCALT: Mr. Robert V. Sellers, Dean & Co., care of First National Bank, One Exchange who recently succeeded the late Mr. Mitchell as the Pl., Jersey City, N.J.. 228,522 Chief Executive Officer of Cities Service Company, asked 12,175,424 shares held for account of Newmont Mining Corp. me to answer your request for information from the • Deposits in Central Certificate Service by 163 participating Company's stockholder records, institutions. As of May 6, 1972, the Company had outstanding benefit of participating employees. • Nominee for the company's thrift plan and held in trust for 25,708,408 voting shares of Common Stock. 30 LARGEST STOCKHOLDERS-Continued 30 LARGEST STOCKHOLDERS AS OF FEBRUARY 7, 1972 Holder Number of Number of shares Holder shares Loeb Rhoades & Co., 44 Wall St., New York, N.Y--- 218,992 Pitt & Co., Bankers Trust Co., New York, N.Y. 5, 281, 301 Brown Bros. Harriman & Co., 59' Wall St., New York, Kane & Co., Chase Manhattan Bank, N.A., New York, 200,004 2, 661, 000 Hare & Co., care of Bank of New York, 48 Wall St., Cudd & Co., Chase Manhattan Bank, N.A., New York, 196,070 2, 607, 491 Dean & Davis, care of Wilmington Trust Co., Wilming Cede & Co., Stock Clearing Corpy, New York, N.Y.... 2, 348, 306 ton, Del.. 189,080 Mobil Oil Corp, New York, N.Y. 1, 480, 077 F. J. Haffner & Co., Box 6147, Cleveland, Ohio. 185,904 Carson & Co., Morgan Guaranty Trust Company of New Kane & Co., care of Chase Manhattan Bank, Box 1508, York, New York, N.Y.. 1, 183, 497 New York, N.Y. 166,113 Nabank & Co., National Bank of Tulsa, Tulsa, Okla., 1, 034, 098 Leta M. Chapman, Box 3209, Tulsa, Okla. 159, 600 Trussai & Co., National Bank of Detroit, Detroit, Mich. 914, 465 Pace & Co., Mellon National Bank & Trust Co., PittsTotal.. ... 15,617,239 burgh, På.. 877, 544 Sigler & Co., Manufacturers Hanover Trust Co., New York, N.Y. 827, 311 Brad & Co., First National City Bank, New York, N.Y. 798, 683 GULF OIL CORPORATION Northern Natural Gas Co., care of J. C. Plourde, 2223 733, 000 MAY 17, 1972. Kelly & Co., Morgan Guaranty Trust Company of New DEAR SENATOR METCALF: This will acknowledge re York, New York, N.Y... 673, 399 Anderson & Co., thé Fidelity Bank, Philadelphia, Pa.. 662, 259 ceipt of your letter of May 2, 1972 addressed to Mr. E. D. Reing & Co., Morgan Guaranty Trust Company of New Brockett requesting information about our company's York, New York, N. Y.... 633, 606 shareholders. For your information, Mr. Brockett retired Cross & Co., First Pennsylvania Banking & Trust Co., 625,312 as Chairman of the Board and Chief Executive Officer on Steere & Co., Girard Trust Bank, Philadelphia, Pa... 619, 487 December 31, 1971. Mr. B. R. Dorsey, our President, was Batrus & Co., Bankers Trust Co., New York, N.Y. 520, 592 designated Chief Executive Officer upon Mr. Brockett's Emp & Co., Harris Trust & Savings Bank, Chicago, Il-- 507,525 retirement. Atwell & Co., United States Trust Company of New 473, 189 With respect to your inquiry as to the total number of Shaw & Co., Morgan Guaranty Trust Company of New voting shares of common stock, please be advised that as York, New York, N.Y. 464,044 of March 3, 1972, the Corporation had outstanding King & Co., First National City Bank, New York, N.Y.. 434,624 207,693,074 shares of its capital stock entitled to be voted Dean & Davis, Wilmington Trust Co., Wilmington, Del. 433, 400 Saxon & Co., Provident National Bank, Philadelphia, at our Annual Meeting of Shareholders. Pand 424,763 We regret that we will be unable to comply with your The Sealy & Smith Foundation for the John Sealy Hospirequest for a list of the 30 top shareholders in the company tal, 200 University Blvd., Galveston, Tex... 400,000 and the amount of stock held by each. It is our practice The Equitable Life Insurance Society of the United Jenkins & Co., Chemical Bank, New York, N.Y. 393,591 of long standing not to disclose specific information con States, 1285 Avenue of the Americas, New York, NY. 377, 100 cerning individual shareholders. We consider our share- Barnett & Co., Bankers Trust Co., New York, NY 372, 720 holders' names and holdings to be privileged information Heil & Co., United States Trust Company of New York, to be divulged only in accordance with applicable provi- Pero & Co., Northwestern National Bank of Minneapolis, New York, N.Y... 359, 859 sions of the law. Minneapolis, Minn.... 344,300 Sincerely yours, RUSSELL G. CONNOLLY, PHILLIPS PETROLEUM COMPANY MAY 12, 1972. DEAR SENATOR METCALF: This is in answer to your MOBIL OIL CORPORATION letter of May 2, 1972, addressed to Mr. W. W. Keeler, MARCH 17, 1972. Chairman of the Board of Directors, in which you request DEAR SENATOR METCALF: In response to your letter of certain information regarding our Company's common stock and its stockholders. March 11, 1972 addressed to Rawleigh Warner, Jr., Chief Executive Officer, Mobil Oil Corporation, I'm pleased to As of December 31, 1971, the Company had issued 76,192,076 shares, there were 1,451,401 of such shares held enclose a list of the 30 largest stockholders of Mobil Oil in our treasury and there were 74,740,675 shares outstandCorporation. This is the list as of February 7, 1972, the ing and entitled to vote. This information appears on page most recent date for which that information is now avail 19 of the enclosed annual report of the Company for 1971. able. The first name listed in each case is the record owner. You also requested a list of the 30 top stockholders of our Company. We consider information with respect to In those cases where the record owner is known to us to be our stockholders' names and the amounts of their holdings a "nominee", we have also listed immediately under the to be privileged and confidential information to be given record owner's name the name of the principal or fiduciary. only upon indication of proper purpose in accordance with In response to the other question in your letter, the applicable provisions of the law. Since no such indication number of voting securities of the Corporation outstanding your request. However, on page 10 of the annual report is evident from your letter, we must respectfully decline 101,567,404 shares as of February 11, 1972, all of some generalized statements about our stockholders one class and each having one vote. appear. Sincerely, HARVEY W. THOMPSON, Secretary. 1 SHELL OIL COMPANY proper and sufficient business reasons to effect rapidly and accurately the transfer of stock entrusted to the care of May 17, 1972. banking institutions—there is nothing sinister about them. DEAR MR. METCALF: This is with reference to your Our Company is a Delaware corporation whose law letter of May 2, 1972, to Mr. Denis B. Kemball-Cook re provides for disclosure of stockholder accounts only to questing information concerning certain shareholders and stockholders upon a showing of a proper purpose. Absent the total number of shares of Common Stock of this Com such a showing it is the Company's policy to keep such pany outstanding. For your information, Mr. Denis B. matters confidential. Kemball-Cook retired from the Company on June 30, Sincerely yours, 1971. Mr. H. Bridges is now the President and the Com H. L. SEVERANCE, pany's Chief Executive Officer. Secretary. The Company is authorized by its Certificate of Incorporation to issue 80,000,000 shares of its Common Stock, STANDARD OIL COMPANY (INDIANA) of which, as of May 10, 1972, there were outstanding 67,396,938 shares. Each share of Common Stock is entitled May 9, 1972. to one vote for all purposes. On that date, Shell Petroleum DEAR SENATOR METCALF: This is in response to your N. V., The Hague, the Netherlands, beneficially owned letter of May 2 requesting a list of the 30 top stockholders 46,889,888 shares of Common Stock or 69.57 percent of the in Standard Oil Company, the amount of stock owned by Common Stock outstanding. All of the voting shares of each, and the total number of voting shares of common Shell Petroleum N. V., a Netherlands company, are owned stock. 60 percent by Royal Dutch Petroleum Company, a Neth We believe that the information regarding stock ownererlands company, and 40 percent by The Shell Trans- ship which you request is a private matter between the port and Trading Company, Limited, an English company company and its shareholders. We feel that we should not . The remaining shares of Common Stock of the Company voluntarily supply this confidential information to a third are held by approximately 33,330 shareholders. The foregoing is a matter of public disclosure. However, party, and hence cannot comply with your request. As of April 30, 1972, there were 69,831,613 shares of since the Company is under a fiduciary obligation to the common stock of Standard issued and outstanding. shareholders not to violate the confidentiality of their Yours truly, respective holdings, other than as required by law, John E. SWEARINGEN, must respectfully decline to furnish any further informa Chairman of the Board. tion in this regard. Sincerely, W. W. WESTERFIELD, Jr., STANDARD OIL COMPANY, INCORPORATED IN NEW Secretary. JERSEY MARCH 30, 1972. STANDARD OIL COMPANY OF CALIFORNIA DEAR SENATOR METCALF: In replying to your letter of March 11, I must tell you that it has been the long stand MAY 8, 1972. ing practice of our management not to disclose holdings of DEAR SENATOR METCALF: This is a reply to your letter individual shareholders to persons outside the Company, of May 2, 1972, to Mr. H. J. Haynes, requesting informa- for reasons which I hope you will understand. We regard tion on our stockholders and enclosing your April 25 the relationship between the Company and the shareremarks in the Senate. holder as a private one, somewhat like that between a Our Company has issued 84,837,251 shares of common bank and its depositors and, in the absence of some legal stock. requirement, would not wish to be guilty of disclosing a Our largest stockholder of record is Yerba & Co.-a shareholder's private affairs for the purposes of third nominee of the Crocker National Bank in San Francisco. parties. Normally, of course, third party inquiries arise Currently Yerba is the record holder of 4,784,000 shares- out of marital difficulties, creditors' claims, or just plain 5.6 percent of outstanding stock. This is held on behalf of curiosity of say a relative or a newspaper columnist. I approximately 21,400 employee members of the Com- fully appreciate that your inquiry must have a substantial pany's Stock Plan. These employee members have what is purpose in the public interest. Unfortunately, we have known as "p through” rights to vote the stock in their been unable to establish any satisfactory dividing line accounts. Under this arrangement the bank Trustee sends between "good" inquiries and "bad" inquiries and this has the Company's annual report and proxy solicitation forced us to decline to make any voluntary disclosure. material to each member together with a voting instruc I can tell you that the 30 largest shareholders of this tion form to be returned to the Trustee from the member. corporation all happen to be intermediary holders, for the These instructions are confidential and the Company has most part the nominees of banks who, as you know, hold no access to them. If instructions are not received from a in their custody shares for a variety of investors--indimember, the stock in his trust account is sterilized". viduals, estates, mutual funds, etc. and for purposes of Bank officers authorized to sign in behalf of Yerba & Co. convenience frequently lump such holdings into one or attend the Company's Annual Meeting of Stockholders more nominee accounts. Thus, the nominee account has and cast votes according to the instructions they have title to, but not beneficial ownership of, the shares and the received from the members. real owners are not disclosed to the Company. I am giving you the above information on our largest Our largest shareholder account happens to be the stockholder because it is a matter of public record as the Trustee of our Thrift Fund, holding shares beneficially Company files & Registration Statement S-8 with the owned by many thousands of employees of this Company Securities and Exchange Commission on this Stock Plan. and its affiliates. This account currently holds 6.3 million I am also giving this detailed information to help explain "Dominos' accounts. Nominees have been created for Now Exxon Corporation. shares or something less than 3 percent of the 224,227,367 voting stock is shown, where the holders of approximately shares outstanding as of December 31, 1971. The range 34.7 percent of the voting stock are named, and where the among the 30 largest shareholders is from this largest holdings of its directors are listed. account down to a nominee which holds slightly over one- In view of the considerations of confidentiality, I trust half million shares, or less than two-tenths of 1 percent. this information will serve as an adequate substitute for To reiterate, there is no account among the 30 largest, that requested. with the exception of the Trustee, which appears to us to Very truly yours, be anything other than an intermediary nominee holder H. ROBERT SHARBAUGH, for & bank or broker. President. I regret that the problems touched upon prevent me from giving you all of the exact information you requested. I trust that the information which I have provided will be TEXACO, INC. of use to you. Sincerely yours, MARCH 28, 1972. M. M. BRISCO, DEAR SENATOR METCALF: This refers to your letter of President. March 11, 1972 addressed to Mr. Augustus C. Long in which you request certain information regarding our THE STANDARD OIL COMPANY OF OHIO (SOHIO) Company's stockholders. For your_information, Mr. Augustus C. Long is no longer Chief Executive Officer of May 16, 1972. our Company. He retired as such on December 31, 1971 DEAR SENATOR METCALF: I have read with a great deal and is now Chairman of the Executive Committee of the of interest the copy of the Congressional Record which was Board of Directors; Mr. Maurice F. Granville is Chairenclosed with your letter of May 2, 1972. I do not believe man of the Board of Directors and Chief Executive that information about our company's stockholders is the Officer. kind of information that would be helpful to you. I am We must advise that we consider our stockholders' enclosing a copy of a proxy statement which describes names and stockholdings to be privileged and confidential in detail the transaction whereby The British Petroleum information to be divulged only upon a showing of proper Company Limited acquired the equivalent of a 25 percent purpose in accordance with applicable provisions of the common stock interest in our company.' Pages 2 and 3 law. No such purpose is indicated by your letter, and we of the proxy statement describe this interest and the must therefore respectfully decline your request. table on Page 3 shows that British Petroleum can even In case it may be of assistance to you, we can advise tually own 54 percent of our common stock. With respect to disclosure of information about stock. ing 274,285,288 shares of common stock, which shares that as of February 1, 1972, our Company had outstandholders, I can understand that companies may have were held by 299,021 owners of record. No one stockholder differing policies. For example, it is interesting to note owned as much as 1.5 percent of the outstanding shares. that on those lists which were supplied to you there are Very sincerely yours, no named individuals. Like several of the companies WILFORD R. YOUNG, mentioned in the Congressional Record it is our policy Senior Vice President and General Counsel. not to disclose information about stockholders which is not otherwise publicly disclosed unless we are legally required to do so. Sincerely, UNION OIL COMPANY OF CALIFORNIA JUNE 7, 1972. DEAR SENATOR METCALF: I regret that my absence SUN OIL COMPANY from the country has delayed my reply to your letter of MAY 8, 1972. May 2. MY DEAR SENATOR METCALF: This will acknowledge As at December 31, 1971 the Company had 28,371,285 receipt of your letter of May 2, 1972 requesting a list of Common_Shares (excluding Treasury Shares) and 9,the 30 top stockholders in the Sun Oil Company, the 627,954 Preferred Shares outstanding. Each Common amount of common stock each holds, and the total number Share and each Preferred Share is entitled to one vote. of voting shares of common stock. You have also requested that we give you a list of the It is not the practice of this Company to disclose any thirty top stockholders and the amount of Common Stock information pertaining to stockholders, which may be of a confidential nature. We are willing, however, to supply treat our stockholders' names and stock holdings as each holds. It has always been our practice to regard and you with any information previously made public. To confidential for reasons that I am sure you will appreciate. this end, I am enclosing a copy of our Company's most I believe also that this is in accordance with the laws of recent proxy statement, which was circulated to our shareholders to give them notice of the Company's the circumstances we must respectfully decline to give you this Company's state of incorporation-California. Under Annual Meeting of April 18, 1972.' I specifically call your the names and stock holdings you request in your letter. attention to pages (1) and (2), where the total outstanding Very truly yours, 1 Retained in committee Ales. FRED L. HARTLEY, President. 29-553 0.74 - 17 |