Chevron/Texaco Merger Requires Sell-off
However, if the merger actually were to go through, analysts predict that Texaco will have to sell off its partnership with the Royal Dutch/Shell Group in the western United States before the deal can be finalized.
Why? Chevron actually will acquire Texaco to form the new company, Chevron-Texaco, and as a result, the merger places the company in direct competition with the three largest oil companies in the world, including Exxon Mobil, BP Amoco and Royal Dutch/Shell Group.
With energy reserves and exploration a major focus of the presidential election, Chevron is banking on the fact that regulators will act kindly towards the company and grant the acquisition.
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