press release

Unocal declares regular quarterly dividends

El Segundo, Calif., March 25, 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 May 10, 1996, to shareholders of record April 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 April 15, 1996, to stockholders of record April 1, 1996.

Updated: March 1996