Abstract
Until mid-1969, The Standard Oil Company (an Ohio Corporation) hereafter referred to as Sohio was a relatively small marketer and refiner within the petroleum industry. A series of events beginning in that year and culminating in the Summer of 1977 (when Alaskan crude oil was first shipped via the Alaskan pipeline) have transformed Sohio into a leading producer of crude oil. The total assets of the firm have increased from $773 million at year-end 1969 to $7,778 million at the end of 1977 a ten-fold increase. A prerequisite for sustained growth is the availability of capital. Growth of the order of magnitude experienced by Sohio has required large quantities of external capital. This paper briefly
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