STANDARD OIL COMPANY OF CALIFORNIA

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP64B00346R000400030049-6
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 2
• Document Creation Date: December 15, 2016
• Document Release Date: April 15, 2004
• Sequence Number: 49
• Publication Date: January 1, 1962
• Content Type: MISC

Approved For Release 2004/05/05 : CIA-RDP64B00346R000400030049-6
Standard Oil Couparkr of California
Drew Pearwoa Allegations
1. Jassy 21, 1962 on Radio
is the second biggest stockholder in Standard Oil of
'.fornia and a big stockholder in Standard Oil of New Jersey,
which controls the Arabia,-American Oil Cdr."
2? Jaw .=7 22, 1962 article
"tie of McCone's most in ortant investments is in Std Oil
of California and Standard Oil of New Jersey. He owns shares
,.ued at 11,428,965- We makes him the second biggest stockholder
in a cc y whose profits and future are materially influenced
by Central Intelligence.
tdnes.y, January 24, 1962 art
"Mors who listened to McCone's denials that his iavestnaatnt in
Standard Oil wou34 ix uence his decisions, did not know that only
one night before he bad had dinner with Ted Peterson, long-tame head
of Standard of California,
"Peterson had come to Washington for the express purpose of using
his persona influence and charm on any Senators who might be opposed
to McCone's confirmation, and conferred with McCone on the eve of the
Senate hearing.
Approved For Release 2004/05/05 : CIA-RDP64B00346R000400030049-6
 Approved For Release 2004/05/05 : CIA-RDP64B00346R000400030049-6
Standard Oil. Coz Zy of C
Facts Re Oil cqM2aM investments
1. Mr. McCune is not the second largest stockholder in Standard Oil
"here e~ --at least two hundred and twenty-two 22 other
ifornia
a
l
.
s
.
lhollders who individually own more stock in Standard than does Mr. McCone.
2. Mr. McCone does not now, nor has for at least 12 years
shares in Standard of New Jersey-
(Mle statement by Pearson that Mr. McCone was a big stockholder in
Jersey was made subsequent to the hearing in which Mr. Mrone stated he
owned no interest in this company.
Mr. Peterson dined. with Mr. McCone on Thursday.. January 17, in the
of aeveral other men. Mr. McCone had no discimsiona with Mr. Peterson
either personally or by telephone, either directly or indirectly, which might
any Senators. According to reports, Mr. Peterson made no contacts with
tore whatsoever during his recent visit to Washington, but c here
R ,. - - --
regarding a fund raising c gn for Stanford University.
Approved For Release 2004/05/05 : CIA-RDP64B00346R000400030049-6