press release

Texaco Press Release - Chevron to Respond to FTC Second Request for Information

The following Press Release was issued by Chevron Corp.

FOR RELEASE: MONDAY, DECEMBER 18, 2000

More ChevronTexaco Merger Information

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