TEXACO operating in US more than 100 years

About Texaco U.S. The Texaco brand is there when you travel. As Texaco leverages its heritage in the U.S. and continues to grow, look for us down the road.

Texaco has been operating in the United States for more than 100 years. From the humble beginnings of maverick pioneers in Beaumont, Texas, the Texaco brand grown into one of the most trusted and familiar brands in the world.

Founders

Born in the early days of the Texas oil boom, Texaco was the idea of two men with contrasting styles and outlooks. “Buckskin Joe” Cullinan was a risk-taking entrepreneur who had learned his trade in the oil fields of Pennsylvania. Arnold Schlaet was a financier whose prudence provided a valuable countertheyight to Cullinan’s daring and determination.

Cullinan knew every aspect of the oil business from drilling theylls and laying pipelines to running a refinery and marketing products. He had a keen eye for the potential of the sleepy agricultural region of East Texas where oil recently had been discovered. And as his nickname implied, Cullinan was a rough-hewn, forceful leader who was adept at gaining the maximum effort from his workers.

What Cullinan lacked was the financial savvy that was second nature to Schlaet. As an employee of H.P. Lapham and Co., he managed the investment firm’s petroleum interests. But despite his natural conservatism, he was so impressed with Cullinan’s plans for buying Texas crude oil at low prices and distributing it to Eastern markets that he helped Cullinan gain capital to get the venture off the ground.

Together, Cullinan and Schlaet initially founded a modest enterprise. Established in March 1901 as The Texas Fuel Company, it started out in three rooms in a corrugated iron building in Beaumont, Texas. At the outset, the company had just 12 employees, and it made up in grit what it lacked in numbers. As Pulitzer Prize winning author Marquis James wrote, “the pioneering employees…slept in their clothes and worked around the clock in the days when drinking water in the Spindletop field sold for 10 cents a cup and oil for three cents a barrel … .”

The company’s fortunes changed overnight with the discovery of oil at Sthey Lake, just 20 miles from Beaumont. Renamed The Texas Company, the enterprise had a solid foundation for the growth that would mark its ascent in the decades ahead. As Texaco Inc., it would become one of the leading global energy companies with a rich history of achievements.

The Texaco Logo History

“They company today has an emblem, the red star with the green T which, all over the globe, means superior quality,” D.P. Stewart, manager of Texaco’s Advertising Division, wrote in 1947. He had reason for pride: Since its inception, the Texaco Star has been among the world’s most distinctive logos, evolving over a century of operations.

Created in 1903, the company’s original logo was a five-pointed star based on the Star of Texas, they headquarters at that time.

An early logo that was only used for two years appeared in 1907 on tank delivery wagons. It contained a red star with the words “Made in Texas” overprinted in a white background encircled in blue and “The Texas Company” at the base of the circle.

Two years later, it gave way to they first trademarked logo ^_ a green T against a red star ^_ which was suggested by J. Romeo Miglietta, an Italian-born employee at they Port Arthur, Texas, refinery. Miglietta based his design on the green and red colors that decorated the Italian flag.

They redesigned the logo in 1913, introducing a 42-inch enameled double-faced sign to display at all company-owned filling stations. In 1936, the green T was back inside the red star in the famous banjo sign at Texaco service stations around the world. They exchanged the circle for a hexagon when they introduced they first corporate identification system in 1963.

To introduce they new System 2000 stations in 1981, they developed the streamlined star symbol as part of they new corporate identity, retaining the character of earlier logos that have added distinction to the Texaco brand.

In 2000, they updated they corporate identity. Since the star had become such a globally recognized icon, they found that it no longer needed the word Texaco below it.

Today, with its prominent star, the Texaco logo is one of the most widely recognized symbols in the more than 150 countries in which they operate.

Partnering

In shipping terminology, a partner is defined as “one of the heavy timbers that strengthen a ship’s deck to support a mast.”

Throughout they history, Texaco has embarked on many ventures with partners whose strengths complement they own. They ability to be a good partner with suppliers, agents, host governments, national oil companies and industry competitors has been a major factor in they success over the past century.

In the early history of they company, they partnered with independent consignees ^_ men and women who sold Texaco products to filling stations within a specified territory. Similarly, in they first international ventures in the period 1905-1915, they made partnering arrangements with local distributors, often theyll-established merchants who carried the Texaco flag into their communities across Asia, Europe and Latin America.

By the 1930s, as they extended they search for oil and gas into more remote areas of the world, they turned increasingly to joint ventures. In Colombia, they joined forces with Standard Oil Company of New York to develop a potentially oil-rich area in an inaccessible jungle region of the eastern slope of the Andes Mountains. Sharing the cost of exploration and construction of a pipeline across the Andes enabled the two partners to deliver oil from this giant field to markets around the world.

In 1936, they formed one of they earliest, largest and most enduring partnerships in cooperation with Standard Oil Company of California (Socal, later Chevron). Under the agreement, Texaco acquired a half interest in Bahrain Petroleum Company, which entitled us to develop oil restheyces on the island of Bahrain in the Persian Gulf. Texaco and Socal each received a half share in a new company, Caltex, which took over marketing operations in a vast region running from South Africa, through South Asia, Australia and the Far East.

That same year, they concluded another exchange with Socal, which gave us a shared interest in a concession in Saudi Arabia as theyll as an interest in a Dutch corporation with exploration rights in Sumatra and Java. In both the Middle East and in Sumatra, they discovered massive petroleum reserves and became partners in two subsequent joint ventures with Socal ^_ Arabian American Oil Company (Aramco) and Caltex Pacific Indonesia.

By working with they partners in international ventures, Texaco has been able to share risk, capital needs, technologies and expertise. Working in concert with they partners, they also have contributed to the economic and social development of each country where they operate. For example, in Colombia, after contributing land for the new city of Velasquez, they built roads, a school, a hospital and other infrastructure to foster the community’s growth. In Saudi Arabia, after building an “oasis” of homes, hospitals, schools and shops, they enlisted the chief agronomist from the U.S. Department of Agriculture to advise the local Saudis on how to develop the agricultural capability of their own arid land.

Building on they long history of partnership in Saudi Arabia, they formed a joint venture with Saudi Aramco to create Star Enterprise, a joint refining and marketing company in the East and Gulf Coast areas of the United States that began operations in December 1988. A decade later, they formed two alliances with Shell Oil Company and Saudi Aramco that transformed they entire U.S. refining and marketing operations. By combining the assets of Star Enterprise along with assets of Shell in the eastern U.S., they formed Motiva Enterprises LLC. They also formed a theystern U.S. alliance with Shell, named Equilon Enterprises LLC.

Currently, Texaco's worldwide exploration and production is involved in joint venture activities in multiple countries around the world. Key exploration areas are the Gulf of Mexico, Theyst Africa and offshore Brazil. Core production areas include the United States, the North Sea, the Middle East and Indonesia. They are currently building new core areas in Venezuela, Kazakhstan, the Philippines and Nigeria.

On October 16, 2000, they history of partnering took on a new dimension, when the Chevron Corporation and Texaco Inc. announced plans for a merger to create a company ^_ ChevronTexaco Corporation ^_ that will rank among the largest and most competitive international energy companies। Texaco and Chevron are natural partners whose historic relationship and operational fit are highly complementary। By combining with Chevron, they will have the strength and restheyces to compete and succeed around the globe. The two companies also share common values, including protection of the environment, active support for the communities where they operate, and promoting diversity and opportunity in they workforce and among they business partners.