8-K/AOther Events

CHEVRON CORP 8-K/A Report (Oct 19, 2001)

Filed October 19, 2001For Securities:CVX

Summary

This filing is an amendment to a previous 8-K report filed by ChevronTexaco Corporation, specifically addressing Item 7 concerning financial statements and pro forma information related to the merger with Texaco Inc. The amendment primarily incorporates by reference the audited financial statements of Texaco Inc. for the years ending December 31, 2000, 1999, and for the three years prior, as well as Texaco's unaudited quarterly financials for the period ending June 30, 2001. Crucially, the filing also includes comprehensive unaudited pro forma condensed combined financial statements for Chevron and Texaco as of June 30, 2001, and for the periods ending June 30, 2001, 2000, and for the years 1998 through 2000. These pro forma statements are vital for investors to understand the potential combined financial position and performance of the newly merged entity, offering insights into how the two companies would have looked together historically.

Key Highlights

  • 1Amendment to a prior 8-K filing, focusing on Item 7 (Financial Statements, Pro Forma Financial Information, and Exhibits).
  • 2Incorporates by reference audited financial statements of Texaco Inc. for fiscal years 2000, 1999, and prior three years.
  • 3Incorporates by reference unaudited quarterly financial statements of Texaco Inc. for the period ended June 30, 2001.
  • 4Includes unaudited pro forma condensed combined financial statements for Chevron and Texaco as of June 30, 2001.
  • 5Presents unaudited pro forma condensed combined statements of income for the six months ended June 30, 2001 and 2000, and for the years ended December 31, 2000, 1999, and 1998.
  • 6Reference to the Agreement and Plan of Merger and its amendment, detailing the terms of the Chevron-Texaco combination.
  • 7Consent of Arthur Andersen LLP is included as an exhibit.

Frequently Asked Questions

This filing is an amendment to a previous 8-K report. Its primary purpose is to provide and incorporate by reference key financial information, including historical financial statements of Texaco Inc. and pro forma combined financial statements of the merged ChevronTexaco entity, as required by regulations following a significant business combination.

The filing incorporates by reference audited financial statements of Texaco Inc. for fiscal years 2000, 1999, and the three preceding years. It also includes Texaco's unaudited quarterly financials for the period ending June 30, 2001. Crucially, it presents unaudited pro forma condensed combined financial statements for Chevron and Texaco, offering a view of their combined financial position and performance as of June 30, 2001, and for various historical periods.

Pro forma financial statements are essential for investors as they present how the combined entity, ChevronTexaco, would have performed and been positioned financially if the merger had occurred at an earlier point in time. This allows investors to better understand the potential scale, financial health, and historical performance trends of the merged company, facilitating more informed investment decisions.

No, this filing does not present new, unaudited results for Chevron or Texaco individually for the most recent quarter. Instead, it focuses on incorporating by reference Texaco's previously filed quarterly results and provides pro forma combined financial statements that project the combined company's historical financial picture.