Interview with Howard Yergin, an employee of Caltex Petroleum Corporation from New York City. Yergin discusses his career with the company, including his education and Army service, hiring by Caltex, move to Shanghai in 1948 and business conducted there, businessmen who helped reestablish Caltex's Chinese market after WWII, fleeing China in 1949, attempts at recouping capital from the Chinese government, operations in Hong Kong, changes in the oil market over the years, corporate financing, internal reorganization, OPEC, Persian Gulf economies, South African operations, the tanker fleet, and the company's move from New York to Dallas.

Interview with Stephen E. Van Nostrand, former executive at Caltex Petroleum Corporation. The interview includes Van Nostrand's personal experiences about service during World War II, employment with Caltex in China, the formation of Ryuku Oil Corporation, and holding various positions within Caltex. Van Nostrand talks about joint ventures with Nippon Oil Company and Koa Oil Company, increasing the refining capacity from 60,000 bbls. to 900,000 bbls. per day, crude oil contracts, the Nippon Petroleum Refining Company, refinery rehabilitation and construction, his role in Caltex operations in Japan, the Nippon Oil Staging Terminal Company, relations between Caltex (Japan) and New York headquarters, OPEC and its effects upon Caltex, character sketches of Neal Lilley, Alec Singleton, and James Voss, and various Japanese oil executives. The interview includes a personal history of S. Nomura.