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Standard Oil man Charles I. Salmon, who works for us at
our Whiting, Indiana, refinery, gets his first look at
Kevin C. Salmon. Mr. Salmon's company hospital and
surgical operation insurance helped pay the bills. Our
employees—and their families—are protected by one of
the broadest employee benefit programs in any industry,
tions. Our employee retirement plan sends monthly checks to retired
Standard Oilers.
Every part of this benefit program adds to employee security. So
does the fact that every member of the Standard Oil team has behind
him an average investment of $26,700 in tools and equipment—tools
which helped him average more than $4,400 in wages and benefits
last year.
Most of this equipment was provided by the investment of our 97,000
stockholders. Some of it was provided for by borrowing. Each year
plow back, in new tools and equipment, some of our profits—the money
left over after all operating costs are paid. Of Standard Oil's 1948
profits, 29% went to our 97,000 owners; 71% was spent for new tools
and equipment .
STANDARD OIL COMPANY (Indiana)
IT COSTS DAD LESS
TO BECOME A DAD IN THE
STANDARD OIL FAMILY
we
• One of the things that make Standard Oil a good place to work is the
employee benefit program of this company and its subsidiary companies.
This program includes group hospital and surgical operation
ance, sickness and disability benefits, group life insurance, and vaca
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william WANTLINO of Peoria retired in 1940 after
35 years with Standard. Now he has lots of time
for recreation. For the rest of his life he will
receive monthly checks under our employee retire
ment plan, started in 1903.
ALYCE HEITZMAN'S recent illness sent her to the
hospital for 10 days. Thanks to our sickness and
disability benefits plan, she received full salary,
plus part of her hospital expenses under our hos
pital insurance.
STANDARD EMPLOYEES are actually many times
safer on the job than away from it, according to
nation-wide statistical studies of accidents. Our
accident prevention program helps make Standard
a good place to work.