press release

Texaco Press Release - Texaco Announces New Assignment for Senior Vice President C. Robert Black

Focus on Building Business and Industry Relationships and Oversight of Technology


WHITE PLAINS, N.Y., Dec. 15 - C. Robert Black has been appointed to the new position of Senior Vice President in the office of the Chairman, it was announced today by Peter I. Bijur, Texaco Chairman and Chief Executive Officer. The appointment is effective January 1, 1998. A Senior Vice President of Texaco Inc. since 1992, Black's most recent assignment was President of Texaco's Worldwide Exploration and Production business unit.

In his new role, Black, 62, will be responsible for developing and managing Texaco's relationships with industry on a worldwide basis, as well as building relationships in regions where Texaco is active. In addition, Black will have oversight responsibility for Texaco's Technology Division, along with the Corporate Reserves Audit Group. Black will continue to serve on Texaco's Executive Council, which is charged with setting corporate strategies and priorities. Additionally, Black remains in his role as Corporate Compliance Officer.

"Bob Black has been successful in developing and managing Texaco's assets in all areas of our activities and has extensive experience across all segments of our business," said Bijur. "During the past year he has brought our worldwide exploration and production people and activities together into a single team, which has led to performance improvements enabling us to position Texaco to move to the next step of growth opportunities in the upstream area. In this new strategic assignment, Bob will bring his skills and experiences to the critical task of strengthening our relationships with industry organizations and governments, which is vital in the global energy market. Additionally, as a champion of our technology group, Bob will be in a position to ensure that our commitment to technology as a driver of our success is carried across all sectors of our business."

Upon graduating from Texas Tech University in 1958 with a bachelor of science degree in petroleum engineering, Black joined Texaco in the Producing Department at Monument, N.M., as a field engineer. He served in petroleum engineering assignments in Midland, Texas, from 1960 until 1966, when he was named a district petroleum engineer in Wichita Falls, Texas. He subsequently was named senior petroleum engineer in Houston in 1967 and Assistant to the Division Gas Superintendent in New Orleans in 1968.

Black was appointed Assistant to the General Manager in charge of Supply and Distribution in New York in 1969, Coordinator - Crude Oil Division (International) in 1970, and Coordinator - Crude Oil in 1971. He was appointed Assistant to the Vice President of the Producing Department - Eastern Hemisphere in 1974, and Manager - Middle East Operations in the same department in 1976.

Black was named President and General Manager of Texaco Iran Ltd., located in London, in 1977, where he also served as General Manager in charge of oil trading activities. In 1980 he was appointed Vice President of Texaco Oil Trading Company, located in Harrison, N.Y., and in 1981 was named Vice President - Trading of Texaco Oil Trading and Supply Company, and President of Texaco International Trader Inc. when the two companies merged.

In 1983 Black was elected a Vice President of Texaco Inc. In that same year, he also was appointed Senior Vice President of Texaco Middle East/Far East, and in 1984 he was named President of the division, which had oversight of Texaco's producing interests in those areas. He was named President of Texaco Latin America/West Africa in 1987.

In 1992 Black was elected a Senior Vice President of Texaco Inc., relinquishing his assignment as head of Latin America/West Africa. In January 1997, Black assumed additional responsibilities as President of Texaco's Worldwide Exploration and Production unit, which includes Worldwide Exploration, International Producing and North American Producing.

In addition to serving on the boards of directors of numerous Texaco subsidiaries, Black serves as a Director of the U.S. Committee of the Pacific Basin Economic Council and is a member of the Board of Trustees of the University of Miami and the University of Texas Engineering Advisory Council. Black also is a member of the Society of Petroleum Engineers.

In his new assignment, Black will remain at Texaco's offices in Harrison, N.Y.

Updated: December 1997