We've already had Chevron, Conoco-Phillips, Marathon, and Amerada-Hess all reporting big profit increases.

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Last year, Amerada Hess did likewise with oil and suffered comparable losses.

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In 1971 he split with his brother Dan and founded Samson Resources to buy the oil properties of Amerada Hess in Southern California.

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He owns personally and Atalanta Sosnoff Capital owns for clients the following stocks cited in this commentary: Google, Phelps Dodge, Amerada Hess, Rio Tinto, Transocean, GlobalSantaFe, CONSOL Energy, Peabody Energy, Hovnanian Enterprises, Apple Computer, Corning Glass and Microsoft.

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In 1969 He bought Amerada Petroleum.

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