Chevron clinches $34 billion deal for Texaco, though hurdles remainCombined company will be fourth largest in industry; analysts predict some divestitures will be required for regulatory approval Michael Liedtke Associated Press Business Writer
Chevron Corp.’s proposed $34 billion purchase of Texaco Inc. will create the world’s fourth-largest publicly traded oil company, though not before the combined entity makes a number of significant divestitures in order to satisfy regulatory concerns.
“There are going to be some considerable challen....
[additional news subjects in this story]
Savings of $1.2 billion projected
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $69 per year.
Subscribers log in here to read the entire newspaper (1998 to 06/24/2013)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.
| 