Press Releases

Date Title  
Toggle Summary Discovery in Bohai Bay, China
Beijing, People's Republic of China, May 17, 2002 -- ChevronTexaco and partners, Petronas Carigali (the exploration and production arm of Petronas, Malaysia's state-owned petroleum corporation), and CNOOC Ltd. have confirmed an oil discovery in the Liaodong Bay 02/31 Block in Bohai Bay, China.
Toggle Summary Chairman and CEO David J. O'Reilly Addresses First Meeting of ChevronTexaco Stockholders
Cites company's achievement of initial $1.2 billion annual synergy target rate, on track for $1.8 billion by early 2003; Details financial and operational highlights; Outlines company's vision "to be the global energy company most admired for its people, partnership and performance." SAN RAMON,
Toggle Summary ChevronTexaco Announces New Oil Discovery in Deep Water Nigeria
SAN FRANCISCO, May 14, 2002 -- Chevron Petroleum Nigeria Ltd., an affiliate of ChevronTexaco Corp. (NYSE: CVX), today announced the second oil discovery on deep water Nigerian block OPL 222, which is operated by Elf Petroleum Nigeria Ltd. The Usan-1 exploration oil discovery well is located
Toggle Summary ChevronTexaco Signs Congo Fuels Agreement
Service Stations to be Branded as Texaco BRAZZAVILLE, REPUBLIC OF THE CONGO, May 14, 2002 – ChevronTexaco Global Energy Inc., a subsidiary of ChevronTexaco, today announced it has signed an agreement with the Republic of the Congo government to invest over $7 million in fuel logistics and
Toggle Summary ChevronTexaco and Tenaris Announce International Supply Agreement for Oil Country Tubular Goods
SAN FRANCISCO, May 3, 2002 -- ChevronTexaco Corp. (NYSE: CVX) and Tenaris today announced a five-year agreement for Tenaris to supply ChevronTexaco's international requirements for well casing and production tubing, commonly known as oil country tubular goods (OCTG).
Toggle Summary ChevronTexaco Reports First Quarter Net Income of $725 Million And Operating Earnings of $931 Million
-- Exploration and production earnings decline on lower prices for crude oil and natural gas -- U.S. refining, marketing and transportation operations incur net loss for 2002 quarter -- Merger synergy activities on track to capture savings target of $1.8 billion annually SAN FRANCISCO, Apr 25, 2002
Toggle Summary ChevronTexaco Declares Dividend
SAN FRANCISCO, Apr 24, 2002 -- The Board of Directors of ChevronTexaco Corp. (NYSE: CVX) today declared a quarterly dividend of 70 cents per share, payable June 10, 2002, to stockholders of record as of May 17, 2002. The dividend rate is unchanged from the preceding quarter.
Toggle Summary ChevronTexaco Unit Signs Agreement to Sell Interest in Natural Gas Liquid Fractionator Sale Mandated in U.S. Federal Trade Commission Consent Order
SAN FRANCISCO, Apr 23, 2002 -- ChevronTexaco (NYSE: CVX) today announced that its Texaco Exploration and Production Inc. unit has signed an agreement to sell its 12.5 percent ownership interest in a natural gas liquid fractionator to Enterprise Products Partners L.P.
Toggle Summary Chevron Energy Solutions Adds Federal Unit of Planergy International
SAN FRANCISCO, Apr 23, 2002 -- ChevronTexaco (NYSE: CVX) today announced that Chevron Energy Solutions, a wholly-owned subsidiary, has acquired the federal business unit of Planergy International, a wholly-owned subsidiary of Xcel Energy Inc. (NYSE: XEL). Based in St.
Toggle Summary ChevronTexaco Makes Discovery at 'Tahiti' Prospect in Deep Water Gulf of Mexico
NEW ORLEANS, Apr 1, 2002 -- ChevronTexaco (NYSE: CVX) today announced a significant discovery at the Tahiti Prospect located in Green Canyon Block 640. The block is approximately 190 miles southwest of New Orleans. The Tahiti #1 well is located in approximately 4,017 feet of water and was drilled