Company Profile: ChevronTexaco Corporation

The Chevron Texaco Corporation is an energy company that is engaged in business in over 180 countries around the world Their address is 575 Market St., San Francisco, Ca. 94105 06431. Their phone number is 415-894-7700. Their stock symbol is CVX and they are listed on the NYSE. The company URL is http://www.chevron.com/. The most recent employee count is 53,621. Business Summary: Chevron Texaco Corporation is a globally operated energy company that conducts business in more than 180 countries around the world. CVX is engaged in every aspect of the oil and gas industry, including the following: ...exploration ...production ...refining ...marketing ...transportation ...chemicals manufacturing/sales ...power generation. The Company has reserves of over 11.5 billion barrels of oil and gas equivalent and has a daily production of 2.7 million barrels. In conjunction with this the company has a global refining capacity of more than 2.2 million barrels a day. At present Chevron Texaco operates more than 25,000 service stations globally. The company has interests in 47 power projects now operating or under development. ChevronTexaco was formed on October 9, 2001 by the merger of Chevron Corporation and Texaco Inc.

Financial Summary: Chevron Texaco provides administrative, financial and management support for its U.S. and foreign affiliates (petroleum, chemical and coal mining) business operations. For the nine months ended 9/30/01, its revenues fell 2% to $80.83 billion. Its net income fell 1% to $5.55 billion. The company's revenues reflect recent trends of lower prices and sales of crude oil and refined products. An improved gross margin and a decrease in interest expense partially offset its net income. A recent earnings announcement indicates that for the 3 months ended 09/30/2001, revenues were 22,622; after tax earnings were 1,269. (Preliminary-reported in millions of dollars.)

Officers of the company: ...David O'Reilly, 54 Chairman, CEO ...Richard Matzke, 64 Vice Chairman, Upstream ...Glenn Tilton, 53 Vice Chairman ...John Watson, 45 CFO, Corp. VP ...Darald Callahan, 59 Exec. VP, Chemicals and Technology Recent Events: A dividend payment of $0.70 was announced on Dec 10, 2001. On Nov 19, 2001 its stock price hit a new 52-week low ($82.00).

Upcoming Events: None to report. Company Statistics: The following company statistics are good as of the first day of January, 2002. Note: Abbreviations are M=million, B=billion, ttm=twelve trailing months, mrq=most recent quarter, EBITDA=Earnings Before Interest Taxes Depreciation Amortization.

Price and Volume of Shares: ...52 week low on 19 Nov 2001 of $82.00 ...52 week high on 10 Oct 2001 of $93.77 ...daily volume on 10 day basis was 33.8M

Stock Performance: CVX's stock performance showed a 4-week change of +2.3%.

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