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Saudi Refining Inc

May 1, 1991 | From Times Staff and Wire Reports
Texaco Inc., White Plains, N.Y., has appointed Don H. Schmude vice president and president of its Houston-based Texaco refining and marketing unit, effective June 1. He will succeed Glenn F. Tilton, who has been named chairman of the London-based Texaco subsidiary, Texaco Ltd. Schmude had been president and chief executive of Star Enterprises, a Houston-based refining and marketing firm co-owned by Texaco and Saudi Refining Inc. Tilton succeeds Peter...
December 13, 2001 | From Bloomberg News
Royal Dutch/Shell Group and Saudi Refining Inc. agreed to pay $2.26 billion for ChevronTexaco Corp.'s stakes in two refining ventures, making Shell the biggest U.S. fuel retailer in the U.S. ChevronTexaco put the stakes into a trust in October as part of a settlement with U.S. regulators that allowed Chevron Corp. to buy Texaco Inc. and become the No. 2 U.S. oil company. Shell and Saudi Refining will pay $2.26 billion in cash and assume about $1.6 billion in debt, Shell said.
October 10, 2001 | From Times Wire Services
Royal Dutch/Shell Group agreed Tuesday to buy Texaco Inc. out of their two oil-refining joint ventures for $2.1 billion in a transaction that would make Shell the largest U.S. gasoline retailer. The deal, completed after nearly a year of negotiations, also served to eliminate the last hurdle to Texaco's acquisition by Chevron Corp. Shareholders of both companies voted later in the day to approve the $38.6-billion merger to create ChevronTexaco Corp.
December 11, 2001 | Associated Press
A group of independent service station operators in Los Angeles told a federal judge Monday that three major oil companies have fixed prices and raised rents in a bid to drive them out of business. The dealers charge that Shell Oil Co., ChevronTexaco Corp. and Saudi Refining Inc. have conspired to fix prices since 1998 under a joint venture, called Equiva Services, to refine and market their products.
September 17, 2002 | From Reuters
ChevronTexaco Corp., reclaiming one of the oil industry's best-known brand names, plans to start selling Texaco gasoline at its retail stations in two years, it said Monday. ChevronTexaco, the No. 2 U.S. oil company, will begin marketing the Texaco brand and its star logo throughout the United States on July 1, 2004, when two exclusive licensing agreements expire.
A soft rain filters down on rows of deserted suburban lawns. Among the few signs of human habitation, a faded American flag hangs limply over the garage door of one house, next to a basketball hoop with a ragged net. A peculiar scent, almost sweet, like fresh paint, wafts by. "Smell the product?" asks Ivan Lewis, a retired Navy officer with neatly trimmed gray hair whose house is just up the street, on higher ground. He wrinkles his nose. "I can smell the product here."
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