press release

Texaco Press Release - Texaco Foundation Awards Scholarship Grants to 80 High School Seniors

FOR IMMEDIATE RELEASE: WEDNESDAY JUNE 9 1999.

WHITE PLAINS, N. Y., June 9 - The Texaco Foundation announced today that it has awarded four-year scholarship grants, each worth $2,500 a year, to 80 graduating high school seniors who are children of domestic U.S., expatriate or Puerto Rico Texaco employees and retirees.

Commenting on the grants, Texaco Foundation President Anne T. Dowling said: "We are delighted to provide support to so many outstanding scholars and to help them as they take the next important step towards fulfilling their academic goals. Education programs are one of the cornerstones of the Texaco Foundation's work and we are immensely proud that more than 1,000 students - all children of Texaco employees - have benefited from the scholarship program since its inception back in 1984. We wish every one of the 80 winners success in their studies."

The Texaco Foundation Scholarship Program was established to recognize and honor academic excellence among the sons and daughters of U.S.-based or U.S. expatriate Texaco employees and retirees. Each scholarship is accompanied by an award of $2,500 per academic year for four years, to assist Texaco families to finance the costs of sending their children to colleges and universities.

The scholarships are granted on the basis of nationwide competitive examinations. Also taken into account are the students' overall academic record and achievements, leadership qualities, involvement in diverse curricular, extra-curricular and community activities, and school recommendations. An independent, non-profit organization, Sponsored Scholarship Programs of the College Scholarship Service of Princeton, N.J., selects the scholarship winners for academic distinction.

NOTE: A list of winners is attached.

Updated: June 1999