press release

Texaco Press Release - Texaco Announces Fifty Recipients of the New "Inroads to the Star Scholarship"

Recipients Begin Internships At Texaco Offices Nationwide This June

FOR RELEASE: MONDAY, JUNE 9, 1997.

WHITE PLAINS, N.Y., June 9 - Texaco and INROADS, a national nonprofit organization that provides internships to minority students seeking careers in business and industry, announced the selection of 50 high school graduates to participate in the first year of the Inroads to the Star Scholarship program.

The Inroads to the Star Scholarship is designed to encourage academically proficient African American, Hispanic and Native American high school seniors entering college to major in areas such as engineering, the physical sciences, information systems and international business. In addition to receiving paid internships each summer at Texaco facilities, students will be granted scholarships of $2,000 to $3,000 per year for four years of higher education.

Beginning in early June and continuing throughout the summer, the graduates will intern at Texaco facilities across the nation supported by a program of mentoring by Texaco managers. The 1997 winners will work at Texaco facilities in New Orleans, La.; Houston, Texas; Denver, Colo.; Beacon, N.Y.; White Plains, N.Y.; Washington D.C.; Los Angeles, Calif.; and Puget Sound, Wash.. While Texaco has been providing paid internships to INROADS participants since 1987, this is the first year the company will award scholarships, making Texaco the first corporation to offer scholarships on a national basis through INROADS.

Texaco Chairman and Chief Executive Officer Peter I. Bijur, who also serves on the INROADS national board of directors, stated, "Texaco takes pride in the successes of the many students we have sponsored and especially those who have joined Texaco as members of our corporate family. With this program, we aim to attract talented minority students to enroll in studies that represent critical job disciplines for Texaco, particularly engineering and the physical sciences, to diversify our work force base for the future. We look forward to the 50 graduating high school seniors who begin the pursuit of their careers with internships at Texaco facilities this summer."

INROADS Executive Vice President Otis A. Jackson noted, "We are pleased at the success achieved in the first year of this program in attracting talented minority youth. These 50 extraordinary students, who will be majoring in the fields of engineering, the physical sciences, information systems and international business, represent an average SAT (scholastic aptitude test) score of 1,200 and an average GPA (grade point average) of 3.5 in addition to their other achievements during high school."

A national committee appointed by INROADS selected the 50 scholarship recipients this year based on their academic records, achievements, leadership qualities, and community activities. Texaco's goal is to hire the majority of these interns as full-time Texaco employees in engineering and technical positions upon completion of their college studies.

INROADS, recognized as one of "America's Top 10 Internships" by the Princeton Review, was founded in 1970 in Chicago. Each year, with the support of major national corporations, INROADS selects approximately 1,200 to 1,500 high school graduates to participate in their internship program. The organization's presence has since grown to encompass 50 cities, serving more than 6,000 high school and college students, and 900 client corporations in 36 states, the District of Columbia, Mexico City, Mexico and Toronto, Canada.

In addition to providing internships through organizations such as INROADS, Texaco sponsors many scholarship programs nationwide, including awards made through the United Negro College Fund, numerous university programs, and scholarships for children of Texaco employees and retirees.

Updated: June 1998