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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
___________________________
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):
October 27, 1995
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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 October 27, 1995, the Registrant announced that its Board
of Directors has approved the repurchase of up to $500 million
of its common stock through open market or privately
negotiated transactions. The repurchase is subject to market
conditions and applicable regulatory requirements and is
expected to be completed by the second quarter of 1997.
In this connection, on October 27, 1995, the Registrant issued
a press release entitled "Texaco Inc. Announces Stock Repurchase
Program", a copy of which is attached hereto as Exhibit 99.1
and made a part of hereof.
Item 7. Financial Statements, 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
October 27, 1995, entitled "Texaco Inc. Announces Stock
Repurchase Program."
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PR8k9ct27.doc
SIGNATURES
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.
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(Registrant)
By: R. E. KOCH
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(Assistant Secretary)
Date: October 30,1995
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EXHIBIT 99.1
TEXACO INC. ANNOUNCES STOCK REPURCHASE PROGRAM
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FOR RELEASE: FRIDAY, OCTOBER 27, 1995.
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WHITE PLAINS, N.Y., Oct. 27 - Texaco Inc. announced today that its Board
of Directors has approved the repurchase of up to $500 million of its common
stock through open market or privately negotiated transactions. Subject to
market conditions and applicable regulatory requirements, the stock repurchase
program is expected to be completed around the second quarter of 1997.
In 1994 Texaco announced its plan for growth, a strategic program
designed to move the company toward first quartile competitive performance and
double 1994 earnings before the end of the decade.
Alfred C. DeCrane, Jr., Texaco's Chairman of the Board and Chief Executive
Officer commented that, "The momentum that we have established in our plan for
growth will provide the resources to execute a strong investment program while,
at the same time, further enhance shareholder value with this repurchase
program. Our solid financial position and positive outlook for operational
performance and earnings improvement support our conviction that the buyback
represents an excellent return for Texaco."
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CONTACT: David J. Dickson 914-253-4128