Unocal Corporation | Introduction
Introduction
2141 Rosecrans Avenue, Suite 4000
El Segundo, California 90245-4746
U.S.A.
Telephone: (310) 726-7600
Fax: (310) 726-7817
Web site: http://www.unocal.com
Public Company
Incorporated: 1890 as Union Oil Company of California
Employees: 6,590
Sales: $8.2 billion (2004)
Stock Exchanges: New York Pacific Zurich
Ticker Symbol: UCL
NAIC: 211111 Crude Petroleum and Natural Gas Extraction
Unocal Corporation ranks as one of the world's largest independent energy exploration and production companies. Its principal oil and gas exploration and production sites are in Asia (Thailand, Myanmar, Indonesia, Azerbaijan, Bangladesh, and Vietnam) and North America (the United States, the Gulf of Mexico, and Canada) as well as the Netherlands and the Democratic Republic of the Congo. Reserves in 2005 stood at 1.754 billion barrels of oil equivalent, while production was 410,670 barrels of oil equivalent per day. Among other activities, Unocal is involved in the production of geothermal energy and has various petroleum pipeline interests. A fully integrated oil company until the mid-to late 1990s, Unocal has shed most of its downstream operations. Having survived three major hostile takeover battles in its history, Unocal reached an agreement in April 2005 to be acquired by ChevronTexaco Corporation in a deal initially valued at $16.8 billion.