Topics:  Chevron, Texaco

Application for approval of proposed divestiture:

The Commission has received an application from Chevron Corporation (Chevron) and Texaco Inc. (Texaco) regarding the FTC's decision and order contained in the consent agreement accepted on September 7, 2001 that conditionally allowed the merger of the two companies. Under the terms of the order, which is available on the FTC's Web site, Chevron and Texaco (through a trustee) are required to divest Texaco's interests in Equilon Enterprises LLC and Motiva Enterprises LLC. Through this application, the trustee has requested approval to sell these interests to Shell Oil Company and Saudi Refining, Inc.

The Commission is accepting public comments on the application until January 14, 2002, after which it will vote on whether to approve it. Comments should be sent to: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, D.C. 20580. (FTC File No. 011-0011; Docket No C-4023; staff contact is Daniel P. Ducore, Bureau of Competition, 202-326-2526; see press release dated September 7, 2001.)

Copies of the documents mentioned in this release are available from the FTC's Web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580. Call toll-free: 1-877-FTC-HELP.