Unocal Corporation

Unocal Corporation
Union Oil Company of California
IndustryPetroleum
FoundedOctober 17, 1890 (1890-10-17)
Founders
DefunctAugust 11, 2005 (2005-08-11)
FateAcquired by Chevron[1]
HeadquartersUnion Oil Center,
Brands76 (1932–97)
Number of employees
6,400 (2005)
Websiteunocal.com (defunct)

Union Oil Company of California, and its holding company Unocal Corporation, together known as Unocal /ˈjuːnkæl/ was a major petroleum explorer and marketer in the late 19th century, through the 20th century, and into the early 21st century. It was headquartered in El Segundo, California, United States.[2][3]

Unocal was involved in domestic and global energy projects. Unocal was one of the key players in the CentGas consortium, which attempted to build the Trans-Afghanistan Pipeline to run from the Caspian area, through Afghanistan, to the Indian Ocean, at a time after the Taliban siege of Kabul in 1996.

On August 10, 2005, Unocal merged its entire upstream petroleum business with Chevron[1] and became a wholly-owned subsidiary.[4] Unocal then ceased operations as an independent company, but continues to conduct many operations as Union Oil Company of California, a Chevron company.

  1. ^ a b ChevronTexaco Announces Agreement to Acquire Unocal, Chevron press release, 4 Apr 2005
  2. ^ ""Unocal World On-Line."". Archived from the original on December 27, 1996. Retrieved 2009-07-07.{{cite web}}: CS1 maint: bot: original URL status unknown (link) Unocal Corporation. December 27, 1996. Retrieved on July 7, 2009.
  3. ^ "Home page". Archived from the original on January 29, 2005. Retrieved 2009-07-07.{{cite web}}: CS1 maint: bot: original URL status unknown (link). Unocal Corporation. January 29, 2005. Retrieved on July 7, 2009.
  4. ^ Chevron completes Unocal deal / Purchase spells end of 115-year-old oil company by David Baker at SFGate, 11 Aug 2005