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ALLEN J. KROWE ELECTED VICE CHAIRMAN OF TEXACO INC.; SENIOR OFFICIAL ALSO ADDED TO TEXACO BOARD OF DIRECTORS: APPOINTMENT EFFECTIVE APRIL 1

 WHITE PLAINS, N.Y., March 2 /PRNewswire/ -- Texaco Inc. (NYSE: TX) announced today that Allen J. Krowe, senior vice president and chief financial officer of Texaco, has been elected vice chairman of Texaco Inc. and elected to the company's board of directors. Both appointments are effective April 1.
 Also on that date, as previously announced, Texaco Chairman Alfred C. DeCrane, Jr., will assume the position of chief executive officer from James W. Kinnear, who is stepping down upon reaching the company's normal retirement age of 65. DeCrane will remain chairman of the board of Texaco.
 As vice chairman, Krowe, 60, will oversee Texaco upstream and downstream activities in the United States, worldwide chemical activities and finance and planning. Krowe will continue to serve as chief financial officer.
 "Allen Krowe's financial expertise, his tactical skills and understanding of Texaco's operations have been proven. His depth and breadth of operating and administrative experience in areas of critical importance to the company have already contributed much to Texaco's success in recent years," said DeCrane.
 "Allen will help ensure that Texaco's strong domestic operations stay on their path of competitive excellence in the current U.S. business environment. I am pleased to be able to turn to a seasoned senior executive like Allen Krowe as vice chairman," he added.
 Krowe said: "It is an honor for me to receive this appointment and to have this chance to help continue Texaco's move forward based on the firm financial foundation and strategic business initiatives that the company has established. My challenge is eased by the strengths of Texaco's experienced and dedicated management team."
 DeCrane also noted: "As we look ahead, Texaco is fortunate to have a broad array of talented, skilled and experienced executives -- including our key operating senior vice presidents: Peter I. Bijur, C. Robert Black and James L. Dunlap, who look after major areas of our business. They are assisted by Elton G. Yates, senior vice president, who serves as Texaco worldwide operations coordinator. Each of these officers plays a vital role on our management team, helping Texaco anticipate and respond to the opportunities and challenges facing our company and industry in the dynamically changing marketplace of the 1990s."
 The senior vice presidents responsible for major operations are:
 Peter I. Bijur, 50, located at the company's executive offices in Harrison, N.Y., was elected a senior vice president in May 1992, after returning to the U.S. from an assignment as president of Texaco Europe. Bijur's responsibilities will include oversight of Texaco Europe, Texaco Latin America/West Africa and Texaco Middle East/Far East, the operating divisions which direct selected Texaco activities in those geographic areas. He also will oversee the company's Environment, Health and Safety unit and the Alternate Energy and Resources Department.
 C. Robert Black, 57, elected a senior vice president of Texaco Inc. in May 1992, returned to the Harrison offices from a position as President of the Latin America/West Africa Division. He now serves as the senior director for Texaco on the board of directors of Caltex Petroleum Corporation, the jointly held major manufacturing and marketing organization which operates east of Suez and holds a significant position in key nations of the Pacific Rim, the fastest- growing petroleum market in the world. His other responsibilities will include worldwide marine operations, as well as worldwide aviation and heavy fuels sales groups, together with key technology functions.
 James L. Dunlap, 55, senior vice president of Texaco Inc., is based in Houston and also serves as president of Texaco U.S.A., the organization responsible for all of Texaco's exploration, production, transportation, manufacturing and marketing activities in the U.S., including Texaco's interests in Star Enterprise, the downstream joint venture with Saudi Refining, Inc. In addition, his responsibilities will include overseeing the centralized, worldwide Engineering and Purchasing Department and the Information Technology Department.
 -0- 3/2/93
 /CONTACT: Anita Larsen, 914-253-4155, or Dave Dickson, 914-253-4128, both of Texaco, Inc./
 (TX)


CO: Texaco Inc. ST: New York IN: OIL SU: PER

TS -- NY020 -- 1789 03/02/93 09:05 EST
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Date:Mar 2, 1993
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