ChevronTexaco Agrees To Buy Unocal for $16.4 Billion
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
ChevronTexaco Corporation, the second-largest American oil company, agreed to buy Unocal Corporation for $16.4 billion in stock and cash to increase reserves in Asia, the world’s fastest-growing energy market.
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