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                               UNITED STATES

                    SECURITIES AND EXCHANGE COMMISSION

                           WASHINGTON D.C. 20549

                                                       
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                                 FORM 8-K



                              CURRENT REPORT
                    Pursuant to Section 13 or 15 (d) of
                    the Securities Exchange Act of 1934



             Date of Report (Date of earliest event reported):
                               July 15, 1994

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                                TEXACO INC.
          (Exact name of registrant as specified in its charter)



         Delaware                       1-27                74-1383447
(State or other jurisdiction of    (Commission File      (I.R.S. Employer
     incorporation)                     Number)       Identification Number)

  2000 Westchester Avenue,                                    10650
   White Plains, New York                                   (Zip Code)
(Address of principal executive offices)                                       



                                (914) 253-4000

             (Registrant's telephone number, including area code)


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Item 5. Other Events
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1.   On July 15, 1994, the Registrant announced that it has elected
     to redeem, on September 30, 1994, its Series C Variable Rate
     Cumulative Preferred Stock, issued as a special dividend in
     1989, for $50 per share. 

     In this connection, on July 15, 1994, the registrant issued a
     press release entitled "Texaco Inc. Announces Redemption of
     Series C Variable Rate Cumulative Preferred Stock," a copy of
     which is attached hereto as Exhibit 99.1 and made a part
     hereof.
      


Item 7. Financial Statement, Pro Forma Financial Information and
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Exhibits
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(c)  Exhibits

     99.1 Copy of press release issued by Texaco Inc.,
          dated July 15, 1994 entitled "Texaco Inc.
          Announces Redemption of Series C Variable Rate
          Cumulative Preferred Stock."








                                SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.








                                                TEXACO INC.
                                              ----------------     
                                               (Registrant)





                                        By:      R. E. KOCH
                                              ---------------------
                                              (Assistant Secretary)





Date:  July 18, 1994
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                                                     EXHIBIT 99.1


                     TEXACO INC. ANNOUNCES REDEMPTION
          OF SERIES C VARIABLE RATE CUMULATIVE PREFERRED STOCK

FOR IMMEDIATE RELEASE: FRIDAY, JULY 15, 1994

     WHITE PLAINS, NY, JULY 15 - Texaco Inc., announced today
that it has elected to redeem on September 30, 1994 its
Series C Variable Rate Cumulative Preferred Stock, which was
issued as a special dividend in 1989. All outstanding shares of
Series C Preferred Stock, having an aggregate liquidation
preference of $267 million, will be redeemed.

     The redemption price, which is fixed by the terms of the
Series C Stock, is $50 per share, and is payable in cash. Accrued
dividends to September 30, 1994 will also be paid. Dividends will
cease to accrue on the shares on and after the September 30, 1994
redemption date. Texaco Inc. is notifying all registered holders
by mail of the redemption and providing them with instructions to
assist them in receiving the redemption price.

                             x x x x

Contact:  Jim Swords    914-253-4103