8-KMaterial Agreements

CHEVRON CORP 8-K Report, Material Agreement (Apr 4, 2005)

Filed April 4, 2005For Securities:CVX

Summary

ChevronTexaco Corporation (now Chevron Corporation) announced on April 4, 2005, a significant definitive agreement to acquire Unocal Corporation. This strategic move is expected to enhance the combined company's market profile, financial strength, and competitive position, likely through expected efficiencies and cost savings. Investors are urged to pay close attention to the upcoming filings, specifically the Form S-4 and Unocal's proxy statement, which will provide detailed information regarding the merger. These documents will be crucial for understanding the transaction's specifics and making informed voting or investment decisions. The company also highlighted that both ChevronTexaco and Unocal, along with their respective directors and executive officers, may be considered participants in the solicitation of proxies related to the merger. Investors are advised to review the proxy statements and the Form S-4 for comprehensive details on any potential conflicts of interest or related party transactions. Access to these important documents will be available free of charge through the SEC's website and directly from the companies.

Key Highlights

  • 1ChevronTexaco Corporation announced a definitive agreement to acquire Unocal Corporation on April 4, 2005.
  • 2The acquisition is anticipated to enhance the combined company's market profile, financial strength, and competitive standing.
  • 3Expected benefits include efficiencies and cost savings resulting from the merger.
  • 4ChevronTexaco will file a Form S-4, and Unocal will file a proxy statement with the SEC concerning the proposed merger.
  • 5Investors are strongly advised to read these filings (Form S-4 and proxy statement) once available, as they will contain critical information.
  • 6Both companies will provide access to SEC filings free of charge through their respective investor relations departments and the SEC's website (www.sec.gov).
  • 7Directors and executive officers of both ChevronTexaco and Unocal may be considered participants in proxy solicitations for the merger.

Frequently Asked Questions

This 8-K filing announces that ChevronTexaco Corporation has entered into a material definitive agreement to acquire Unocal Corporation. It also provides initial details about the expected benefits of the acquisition and advises investors on how to obtain more information through future SEC filings.

The filing indicates that the acquisition is expected to result in enhanced efficiencies, cost savings, an improved market profile, greater financial strength, and a stronger competitive ability and position for the combined company.

Detailed information will be provided in a Form S-4 filing by ChevronTexaco and a proxy statement by Unocal, both of which will be filed with the SEC. These documents, along with other relevant filings, will be available free of charge on the SEC's website (www.sec.gov) and can also be obtained directly from ChevronTexaco and Unocal investor relations departments.

Directors and executive officers of both ChevronTexaco and Unocal may be considered participants in the solicitation of proxies from Unocal's stockholders. This is important for transparency, as information about their interests and stock ownership will be disclosed in the upcoming proxy statements, allowing investors to assess potential conflicts of interest.