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On March 18, 1997 Texaco announced that a refining/marketing joint venture would be created by combining the midwestern and western operations of Shell Oil and Texaco. The venture would include a total of 8 refineries, 4 provided by each of the two companies, and related assets, including a total of 4,400 Texaco branded retail outlets and 4,477 Shell branded retail outlets. The venture became known as Equilon Enterprises, LLC and is controlled by Shell Oil, which holds 56 percent of the ownership of the venture.
On July 16, 1997, Texaco announced that a refining/marketing joint venture would be created combining the eastern and gulf coast operations of Shell Oill and Star Enterprise, itself a joint venture between Saudi Aramco and Texaco. The venture would include a total of 4 refineries, 3 provided by Star, and related assets, including a total of 9,744 Texaco branded retail outlets and 4,973 Shell branded retail outlets. The venture became known as Motiva Enterprises, LLC and is controlled by Shell Oil, which holds 35 percent of the ownership of the venture. Both Aramco and Texaco hold 32.5 percent of the venture.The following link provides company-level data from various public sources to inform discussions of the Equilon and Motiva joint ventures created by Shell Oil, Star Enterprises (itself a joint venture between Saudi Aramco and Texaco), and Texaco. This data presentation is similar to data presentations that have been previously requested from EIA for other significant energy company mergers and/or corporate alliances.
Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration, July 23, 2001
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National Energy Information CenterURL: http://www.eia.doe.gov/emeu/finance/mergers/vhindex.html
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