ChevronTexaco Corp. announced today that it is dropping the venerable “Texaco” part of its corporate name and shortening its name to Chevron Corp., which was the name of the company before before the company merged with Texaco three and a half years ago. Don’t worry, though. That bright Texaco star will still grace the local gas station as Chevron plans on continuing to use the Texaco brand to market gasoline.
Chevron has been in the news recently with its proposed acquisition of Unocal Corp for about $17 billion, which is subject to shareholder and regulatory approval. Chevron’s stock will continue to trade on the New York Stock Exchange under the “CVX” ticker symbol that was adopted after the Texaco takeover.