1994-07-06, English, Article, Other article edition: Texaco is latest to set a restructuring; the usual mix: job cuts, sell U.S upstream. Zipf, Peter

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Physical Description
  • Newsletter article
Published
  • The McGraw-Hill Companies, Inc., 1994 July 6
Language
  • English

Edition details

Title
  • Texaco is latest to set a restructuring; the usual mix: job cuts, sell U.S upstream.
Appears In
  • Platt's Oilgram News, v72, no.n129, 1994 July 6, p1(2) (ISSN: 0163-1284)
Author
  • Zipf, Peter
Published
  • The McGraw-Hill Companies, Inc., 1994 July 6
Physical Description
  • Newsletter article
Subjects
Target Audience
  • Trade
Summary
  • Texaco is following the downsizing trend among other oil companies and is cutting its overhead by $300 million from 1994 to 1995. The firm will sell 50% of its US producing fields and eliminate 2,500 jobs to help finance international upstream projects, including Russian's Timan-Pechora Basin, the North Sea and some regions of China. Other oil firms that have recently streamlined their operations include Atlantic Richfield, and Amoco Corp.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15562733

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