Advertisement
 
YOU ARE HERE: LAT HomeCollectionsUnocal Corp
IN THE NEWS

Unocal Corp

BUSINESS
June 30, 2005 | Elizabeth Douglass, Times Staff Writer
Chevron Corp.'s $16.4-billion bid to buy Unocal Corp. cleared its last regulatory hurdle Wednesday, triggering a shareholder vote on the deal in early August and adding urgency to negotiations over a competing bid from China's CNOOC Ltd. El Segundo-based Unocal, which agreed in April to be acquired by Chevron, has scheduled a shareholder vote Aug. 10 in Los Angeles. The date was set after the Securities and Exchange Commission on Wednesday approved the Unocal-Chevron deal.
Advertisement
BUSINESS
June 29, 2005 | From Reuters
Two influential Texas congressmen whose House committee oversees energy policy released a letter to President Bush on Tuesday, saying Chinese oil company CNOOC Ltd.'s $18.5-billion bid for Unocal Corp. was a "clear threat" to national security and should be stopped. In Beijing, meanwhile, the Chinese government made its first public comments on the offer, saying through a Foreign Ministry spokesman that the offer should be considered as a normal business deal without political interference.
BUSINESS
June 25, 2005 | Evelyn Iritani, Times Staff Writer
This week's bid by a leading Chinese oil company for Unocal Corp. is forcing U.S. policymakers to confront two sensitive issues: America's dependence on imported oil and its future relations with China, a rising economic and military power. CNOOC Ltd.'s unsolicited $18.5-billion bid for El Segundo-based Unocal has sparked a vigorous debate among policymakers and analysts about American access to energy supplies in an increasingly interdependent global economy.
BUSINESS
June 24, 2005 | Don Lee, Times Staff Writer
It conducts its board meetings in English. Its chief executive studied at USC and is said to prefer Diet Coke to tea. Its Beijing offices sport a big electronic board displaying stock prices. And its executives are fond of talking about serving shareholders. "We are trying to create value for our shareholders," its director of investor relations said.
BUSINESS
June 24, 2005 | James F. Peltz, Times Staff Writer
CNOOC Ltd.'s offer to buy Unocal Corp. for $18.5 billion may stoke political fears in Washington, but whether the Chinese company's bid makes headway will depend on Unocal's directors and stockholders. The problem before them: Which is better, $67 or $62? But the board's decision probably will go beyond whether to simply take the highest price for El Segundo-based Unocal Corp., analysts said Thursday.
BUSINESS
June 23, 2005 | James F. Peltz, Elizabeth Douglass and Evelyn Iritani, Times Staff Writers
A major Chinese oil company made a landmark offer to buy California-based Unocal Corp. for $18.5 billion on Wednesday, topping a bid by rival U.S. oil giant Chevron Corp. and setting the stage for an intense political debate over the future of U.S. energy, security and trade policies. The unsolicited offer by CNOOC Ltd., an arm of state-owned China National Offshore Oil Corp.
BUSINESS
June 21, 2005 | From Reuters
Two California congressmen have urged the Bush administration to thoroughly review any bid by China's CNOOC Ltd. to acquire Unocal Corp., a letter made available Monday said. CNOOC, China's third-largest oil group, has said it is considering a counteroffer to try to trump Chevron Corp.'s $16-billion bid for El Segundo-based Unocal.
BUSINESS
June 11, 2005 | James F. Peltz, Times Staff Writer
U.S. regulators, claiming a victory for California motorists, approved Chevron Corp.'s proposed $16.4-billion purchase of Unocal Corp. on Friday after the companies agreed to surrender Unocal's long-contested patents on the state's cleaner-burning gasoline.
BUSINESS
June 9, 2005 | Marc Lifsher, Times Staff Writer
California oil companies Chevron Corp. and Unocal Corp. announced Wednesday that they had reached a tentative agreement with federal regulators to settle claims related to Unocal's long-disputed patents for cleaner-burning gasoline. The agreement with Federal Trade Commission staff members, if approved by the five commissioners, would clear a hurdle for San Ramon-based Chevron in its bid to buy its El Segundo-based counterpart. The companies announced the $16.4-billion acquisition in April.
Los Angeles Times Articles
|