Chevron Corporation (NYSE: CHV) and Texaco Inc. (NYSE: TX) today announced a merger that will create a company -- ChevronTexaco Corporation --?that ranks with the world's largest and most competitive international energy companies. The merger joins two leading energy companies and long-time partners to create a U.S.-based, global enterprise that is highly competitive across all energy sectors. ChevronTexaco will have world-class upstream positions in reserves, production and exploration opportunities; an integrated, worldwide refining and marketing business; a global chemicals business; significant growth platforms in natural gas and power; and industry leading skills in technology innovation.
USA: Chevron and Texaco Agree to $100 Billion Merger Creating Top-Tier Integrated Energy Company
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