================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 18, 1997
----------
TEXACO INC.
(Exact name of registrant as specified in its charter)
Delaware 1-27 74-1383447
(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation) Number) Identification Number)
2000 Westchester Avenue, 10650
White Plains, New York (Zip Code)
(Address of principal executive offices)
(914) 253-4000
(Registrant's telephone number, including area code)
================================================================================
<PAGE>
Item 5. Other Events
- --------------------
On August 18, 1997, the Registrant and Monterey Resources,
Inc. announced that they had signed an agreement to merge in a
transaction valued at $1.4 billion. Under the terms of the
agreement, Texaco will exchange its common stock for all
outstanding shares of Monterey, which will be valued at $21
per share. Texaco also will assume Monterey's existing debt of
approximately $285 million. The merger, which is expected to
be completed within 90 days, is subject to the approval of
shareholders of Monterey and regulatory agencies.
FDeB:mp
PR8kaugl8
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TEXACO INC.
---------------------
(Registrant)
By: R. E. KOCH
---------------------
(Assistant Secretary)
Date: August 19, 1997
---------------
