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                                                                EXHIBIT 99.1



FOR IMMEDIATE RELEASE
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           CHEVRONTEXACO CORPORATION ANNOUNCES COMPLETION OF MERGER


        SAN FRANCISCO, Oct. 9 -- Chevron Corp. and Texaco Inc. have announced
that their merger has been completed following stockholder approvals of both
companies earlier today.  Upon completion of the merger, Chevron changed its
name to ChevronTexaco Corporation.



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CONTACT:  Fred Gorell -- 415-894-4443