Chevron and USA Petroleum Terminate Retail Gasoline Station Deal
SAN RAMON, Calif., Nov. 17, 2006 -- Chevron U.S.A. Inc. and USA Petroleum Corp. today announced the termination of their agreement for the sale of 122 USA Petroleum retail gasoline stations located in California, to Chevron.
USA Petroleum, headquartered in Thousand Oaks, Calif., owns and operates retail gasoline stations primarily in California.
Chevron Corp. is one of the world's leading energy companies. With more than 55,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products. Chevron U.S.A. Inc. is a wholly owned subsidiary of Chevron Corp. Chevron is based in San Ramon, Calif. More information on Chevron is available at www.chevron.com.
Updated: November 2006