SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549



                                    FORM 8-K

                             Current Report Pursuant
                          to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934



    Date of report (Date of earliest event reported)        September 30, 2000
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                               UNOCAL CORPORATION
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             (Exact name of registrant as specified in its charter)



                                    Delaware

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                 (State or Other Jurisdiction of Incorporation)



    1-8483                                   95-3825062
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(Commission File Number)                (I.R.S. Employer Identification No.)



2141 Rosecrans Avenue, Suite 4000, El Segundo, California         90245
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(Address of Principal Executive Offices)                       (Zip Code)



                                 (310) 726-7600

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              (Registrant's Telephone Number, Including Area Code)


Item 5.      Other Events.
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Unocal Corporation  completed the sale of its agricultural  products business to
Calgary-based  Agrium Inc. for  approximately  $321 million and possible  future
consideration.

The sale included  Unocal's  Prodica LLC and Alaska Nitrogen  Products LLC (ANP)
subsidiaries.  Prodica provides nitrogen and sulfur products to agricultural and
industrial  customers  throughout the western United States and northern Mexico.
ANP  manufactures  ammonia  and  urea  at  its  Nikiski,   Alaska,   plants  for
agricultural and industrial customers in the Pacific Region.

Unocal received  approximately  $246 million in cash ($250 million  adjusted for
working capital and other charges) plus $50 million in Agrium six percent junior
convertible  subordinated  debentures  and  approximately  2.6 million shares of
Agrium  common  stock.  The  junior  convertible   subordinated  debentures  are
convertible into  approximately  4.2 million  additional shares of Agrium common
stock. In addition, Unocal has retained an interest in the form of participation
payments if ammonia and urea  prices rise above  projected  levels over the next
six years.

Unocal  expects to use the cash  proceeds  from the sale for  general  corporate
purposes, which may include debt reduction or possible acquisitions.  Unocal has
the right to have the  Agrium  convertible  subordinated  debentures  and common
stock registered for resale.  The proceeds from any resale would be used in like
fashion.

Unocal's Alaska oil and gas business unit will continue to supply natural gas to
ANP from  certain  Cook  Inlet  fields  and  other  sources  pursuant  to a 1998
agreement between Unocal and ANP that expires in 2009.

This filing contains certain  forward-looking  statements about possible receipt
of  participation  payments,  use of cash for debt reduction or other  purposes,
natural gas reserves and gas  deliveries  and prices.  These  statements are not
guarantees  of  future  performance.  The  statements  are  based  upon  current
expectations  and beliefs and are subject to a number of known and unknown risks
and  uncertainties  that could cause actual  results to differ  materially  from
those described in the forward looking  statements.  Actual results could differ
materially as a result of various factors,  including certain of those discussed
in Unocal's 1999 Annual Report on Form 10-K.

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Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                                UNOCAL CORPORATION
                                                (Registrant)





Date:  October 3, 2000                        By:  /s/ JOE D. CECIL
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                                                Joe D. Cecil
                                                Vice President and Comptroller


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