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To: Ahda who wrote (59811)	10/14/2000 11:57:17 PM
From: Ahda	Respond to of 116762

Chevron, Texaco to Vote on $35 Billion Deal By Robin Sidel NEW YORK (Reuters) - The boards of Chevron Corp and Texaco Inc were set to vote on Sunday afternoon on a union that values smaller Texaco at $35 billion, sources familiar with the situation told Reuters on Saturday. A combination of the world's fifth and seventh largest oil companies, rumored for more than a year, will create a stronger competitor to rival the global top four Exxon Mobil, Royal Dutch/Shell, BP Amoco, and TotalFina Elf, three of which were made bigger by mergers in the past two years. It is also expected to raise an immediate outcry from U.S. consumer advocates and politicians who are concerned that current high energy prices will rise even further if there are fewer oil companies to compete against each other.