FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB Number: 3235-0104
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Estimated average burden
hours per response.........0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act
of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Chevron Corporation
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(Last) (First) (Middle)
575 Market Street
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(Street)
San Francisco CA 94105
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(City) (State) (Zip)
2. Date of Event Requiring Statement
(Month/Day/Year)
10/15/2000
3. I.R.S. Identification Number of
Reporting Person,
if an entity
(Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Texaco Inc. (TX)
5. Relationship of Reporting Person to Issuer
(Check all applicable)
Director x 10% Owner
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Officer (give title Other (specify
------- Below) ------- below)
6. If Amendment, Date of Original
(Month/Day/Year)
7. Individual or Joint/Group Filing
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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<TABLE>
Table I - Non-Derivative Securities Beneficially Owned
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<S> <C> <C> <C>
1. Title of Security 2. Amount of Securities Beneficially 3. Ownership Form: 4. Nature of Indirect Beneficial
(Instr. 4) Owned (Instr. 4) Direct (D) or Ownership (Instr. 5)
Indirect (I)
(Instr. 5)
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
SEC 1473 (3/91)
<PAGE>
<TABLE>
FORM 3 (continued)
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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<S> <C> <C> <C> <C> <C>
1.Title of Derivative 2.Date 3. Title and Amount 4.Conversion 5. Ownership 6. Nature of
Security (Instr. 4) Exercisable and of Securities Underlying or Exercise Form of Indirect
Expiration Date Derivative Security (Instr. 4) Price of Derivative Beneficial
(Month/Day/Year) Derivative Security: Ownership
Security Direct (D) or (Instr. 5)
Indirect (I)
(Instr. 5)
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Date Expiration Title Amount or
Exercisable Date Number of Shares
No Securities Owned *
</TABLE>
Explanation of Responses:
* Explanation of Responses: In connection with the Agreement and Plan of Merger
dated as of October 15, 2000 among Chevron Corporation ("Chevron"), Texaco Inc.
("Texaco") and Keepep, Inc., Chevron and Texaco entered into a Stock Option
Agreement pursuant to which Texaco granted to Chevron an option (the "Option")
to purchase up to 107,000,000 shares of common stock, par value $3.125, of
Texaco (the "Option Shares") for a purchase price of $53.71 per share. Prior to
the exercise of the Option, Chevron is not entitled to any rights as a
shareholder of Texaco as to the Option Shares. The Option may only be exercised
upon the happening of certain events, none of which has occurred as of the date
hereof. Prior to such occurrence, Chevron expressly disclaims beneficial
ownership of the Option Shares.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
/s/ H.P. Walker October 25, 2000
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Signature of Reporting Person Date
Hilman P. Walker, Assistant
Secretary, on behalf of
Chevron Corporation
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SEC 1473 (3/91)
