Unocal Corporation

The Unocal Corporation, a wholly-owned subsidiary of Chevron Corporation, based in El Segundo, California, was founded in 1890 as the Union Oil Company of California. Unocal is also known as Unocal 76. Union 76 gasoline is no longer sold by the company, which sold its retail operations to ConocoPhillips. In April 2005, the company agreed to a merger with ChevronTexaco (now Chevron); however, in June 2005, the Chinese oil company Cnooc made a rival $18.5 billion bid. On July 19, 2005, Unocal agreed to merge with Chevron. Unocal and Chevron completed their merger on August 10, 2005.

Related Topics:
Subsidiary - Chevron Corporation - El Segundo - California - 1890 - Oil - Union 76 - ConocoPhillips - April - 2005 - ChevronTexaco - June - Cnooc - July 19 - August 10

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