press release

Unocal appoints William Wilson as head of commodity trading and risk management

Sugar Land, Tex., Jan. 5, 1996 -- Unocal Corp. today announced the recent appointment of William T. Wilson as vice president of Commodity Trading and Risk Management. He is also responsible for the company's domestic and international crude oil marketing operations as well as its North American gas marketing activities.

Wilson, who is based in Sugar Land, reports to Roger C. Beach, Unocal chairman and chief executive officer.

This newly created position will focus on reducing the company's exposure to oil and gas price fluctuations as well as more effectively preserving cash flow through hedging techniques. "These actions will maximize the value of the resources being produced and help finance high-quality growth opportunities," said Roger C. Beach, Unocal's chairman and chief executive officer. Wilson will be specifically responsible for establishing a company-wide risk management system and for developing a more proactive midstream marketing function, which incorporates risk management and other integrated services.

Wilson most recently served with British Petroleum (BP) as manager of gas marketing and trading in Houston, where he supervised BP's natural gas transportation, futures trading, marketing and gas processing operations. With BP since 1990, he also served as a trader in its natural gas unit and as a business development coordinator and analyst.

He began his career in 1977 as a production engineer with Exxon Production Research Company in Houston. Wilson later served in planning and supervisory production positions with Tenneco Oil Exploration and Production.

A native of Illinois, Wilson earned an MBA degree in finance and management from the Wharton School and a BS degree in mechanical engineering from the University of Arizona.

Unocal is the 12th largest U.S.-based oil company with 1994 revenues of $8 billion. The company produces and sells essential energy resources, petroleum products, chemical fertilizers and specialty minerals. It produces crude oil and natural gas principally from fields in the Gulf of Mexico region, Alaska and Southeast Asia. It is the world's largest geothermal producer.

Updated: January 1996