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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Elroy Jetson who wrote (43270)5/2/2005 12:03:55 PM
From: upanddown  Read Replies (3) of 206087
 
In buying Unocal, ChevronTexaco will eliminate one of their major competitors in the West Coast, their second most profitable market after Hawaii

Elroy

If you mean eliminating Unocal as a refining and marketing competitor, that won't happen with the Chevron deal. Unocal sold off its refining and marketing (and the name rights) about 7-8 years ago (can't remember the buyer) and essentially transformed itself into a large, worldwide E&P and I believe that is all Chevron is buying.
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