press release

Chevron to Respond to FTC Second Request for Information

CHEVRON TO RESPOND TO FTC SECOND REQUEST FOR INFORMATION CONCERNING PROPOSED MERGER WITH TEXACO

SAN FRANCISCO, Dec. 18, 2000 -- Chevron today announced it received a second request Dec. 15 from the Federal Trade Commission (FTC) for information concerning Chevron's proposed merger with Texaco.

Chevron is in the process of gathering information to respond to the request. Chevron and Texaco remain committed to working cooperatively with the FTC as it conducts its review of the merger.

Chevron's initial submission was made on Oct. 23. Chevron voluntarily re-filed on Nov. 17 following an informal request from the Commission for additional information about Chevron and Texaco.

Updated: December 2000