press release

Unocal's 2Q 2001 earnings conference call set for July 25

El Segundo, Calif., July 18, 2001 -- Unocal Corporation (NYSE: UCL) will discuss its second quarter 2001 financial and operating results in a conference call webcast on Unocal's web site on Wednesday, July 25, 2001. The conference call will begin at 1:00 p.m. PDT (4:00 p.m. EDT).

Investors, analysts, stockholders, news media, employees and the general public are invited to listen to the webcast. Listeners can use RealPlayer or Windows Media Player. Replays and transcripts of the conference call will be available on the Unocal web site through Aug. 31, 2001.

Robert E. Wright, vice president of Investor Relations for Unocal, will be the conference call moderator. He will be joined by Charles R. Williamson, Unocal chief executive officer; Timothy H. Ling, Unocal president and chief operating officer; and Terry G. Dallas, Unocal chief financial officer. Unocal will offer graphics during the call that can be viewed or downloaded on your computer from the Internet.

Unocal expects to announce its second quarter 2001 earnings results on July 25 before the open of trading on the NYSE.

About Unocal Corporation

Unocal is one of the world's leading independent natural gas and crude oil exploration and production companies. In North America, Unocal is one of largest independent natural gas producers, with current net production of 1 billion cubic feet per day.

Updated: July 2001