Encyclopedia > Texaco

  Article Content

Texaco

Texaco was the name of an American oil company that has merged into ChevronTexaco. It began as the Texas Fuel Company, founded in 1901 Beaumont, Texas. For many years, Texaco was the only company selling gasoline in all 50 states, but this is no longer true.

Major events:

  • 1984 bought Getty Oil[?] (including Tidewater Petroleum[?]), the Getty name and stations in the Northeastern United States was sold to Power Test[?] and is still today.
  • 1985 lost a major lawsuit to Pennzoil[?] over breach of contract.
  • 1998 formed joint venture Equilon with Royal Dutch Shell, combining their Western and Midwestern U.S. refining and marketing.
  • 1998 formed joint venture Motiva with Royal Dutch Shell and Saudi Aramco[?], a joint venture combining their Eastern and Gulf Coast U.S. refining and marketing businesses.
  • 2001, Shell purchased Texaco's share of the joint ventures to permit Texaco to merge with Chevron. Shell may exclusively use the Texaco brand in the U.S. through 2004, and non-exclusively through 2006.
  • 2001, Chevron merged with Texaco to became ChevronTexaco.

External links



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Northwest Harbor, New York

... size is 2.59 and the average family size is 3.04. In the town the population is spread out with 25.2% under the age of 18, 4.8% from 18 to 24, 27.3% from 25 to 44, ...

 
 
 
This page was created in 24.8 ms