Printer Friendly

CHEVRON ACQUIRES 23 EXXON STATIONS IN LOS ANGELES

 CHEVRON ACQUIRES 23 EXXON STATIONS IN LOS ANGELES
 SAN FRANCISCO, May 12 /PRNewswire/ -- Chevron U.S.A. Products


Company has reached agreement with Exxon Corporation to purchase 23 of Exxon's direct-supplied service stations in the greater Los Angeles area. Terms of the transaction were not disclosed.
 Target date for completion of the sale is November 1992. Chevron will then convert the stations to reflect ChevronUs distinctive marketing image.
 "This acquisition is an important step in Chevron's overall strategic plan to achieve superior financial performance from our branded retail marketing business in the markets we serve," said Dave Smith, Chevron U.S.A.'s vice president, marketing.
 The additional gasoline will be supplied by Chevron's El Segundo, Calif., refinery, he said.
 Chevron U.S.A. Products Co., which is a wholly owned subsidiary of Chevron Corporation, supplies about 9,500 service stations in 31 states plus the District of Columbia. Chevron is the nation's largest seller of petroleum products (gasoline, jet fuel, diesel fuel and asphalt combined).
 -0- 5/12/92
 /CONTACT: Mary Ann Barngrover (Los Angeles), 310-694-7408; or Mike Libbey, 415-894-4440, or Bonnie Chaikind (San Francisco), 415-894-1200, all of Chevron/
 (CHV) CO: Chevron U.S.A. ST: California IN: OIL SU:


MM -- SF010 -- 9419 05/12/92 19:00 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 12, 1992
Words:210
Previous Article:AMGEN AND CHUGAI REACH AGREEMENT ON G-CSF PATENT DISPUTE
Next Article:NORTHWEST POWER PLANNING COUNCIL REACTS TO BONNEVILLE'S RATE INCREASE PROPOSAL
Topics:


Related Articles
Gasoline allies.
CHEVRON MOVES QUICKLY TO ENSURE CONTINUED GASOLINE SUPPLIES FOR ITS CUSTOMERS; ALSO EXTENDS STATEMENT PAYMENT FOR 30 DAYS
Driving Customer Satisfaction: McDonald's & Chevron Open First Co-Branded Site

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters