press release

Unocal declares regular quarterly dividends

El Segundo, June 3, 1996 -- Unocal Corporation's (UCL) board of directors today declared a regular dividend of 20 cents per share on the common stock of the company.

The dividend is payable August 9, 1996, to shareholders of record July 10, 1996.

The board also declared a regular dividend of 87 1/2 cents per share on the $3.50 convertible preferred stock of the company. The preferred dividend is payable July 15, 1996, to stockholders of record July 1, 1996.

Updated: June 1996