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Prior to the merger with Chevron, Texaco's headquarters was a 750,000-square-foot (70,000 m 2) building in Harrison, in Westchester County, New York, near to White Plains. [49] [50] In 2002, Chevron Corporation sold the former Texaco Headquarters to Morgan Stanley.
In July 2010, Chevron ended retail operations in the Mid-Atlantic United States by removing the Chevron and Texaco names from 1,100 stations. [ 25 ] [ 26 ] In 2011, Chevron acquired Pennsylvania-based Atlas Energy Inc. for $3.2 billion in cash and an additional $1.1 billion in existing debt owed by Atlas.
The jointly owned former Texaco refinery was renamed the Puget Sound Refinery. At the neighbor refinery, meanwhile, Tesoro , an independent Texas-based midstream and downstream company, won bidding for the old Shell Anacortes Refinery at $237 million, with an additional payment of $60 million for net working capital. [ 7 ]
On October 9, 2001, Chevron acquired Texaco, and the White Plains building became redundant. In March 2002, Morgan Stanley acquired the building from Chevron for $42 million. At the time of the September 11 attacks , Morgan Stanley was a major tenant in the World Trade Center , had additional offices in 750 Seventh Avenue , and was building ...
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After Texaco merged with Chevron in 2001, Shell purchased Texaco's shares in the joint ventures. [6] In 2002, Shell began converting these Texaco stations to the Shell brand, a process that was to be completed by June 2004 and was called "the largest retail re-branding initiative in American business history".
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Chevron: $163 billion $16 billion Texaco Caltex Havoline: Marathon: $141 billion $10 billion ARCO [31] Phillips 66: $115 billion $1.3 billion 76 Conoco JET: Valero: $108 billion $0.9 billion — Eni: $77 billion $5.8 billion — ConocoPhillips: $48.3 billion $8.1 billion —