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Royal Dutch Shell Plc .com: Chevron Gets Sole Rights to Texaco Brand

From The Houston Chronicle/The Associated Press

June 30, 2006

SAN RAMON, Calif. — Oil giant Chevron Corp. said Friday it is now the sole owner of U.S. rights to the Texaco brand of gas after a licensing agreement with Royal Dutch Shell PL expired.

Chevron acquired Texaco in 2001, but was required to license the Texaco retail brand to Shell for the sale of gas in the United States through June 2006. The companies have shared those rights since July 2004.

Starting July 1, only Texaco stations supplied by Chevron are allowed to carry the Texaco brand, Chevron said. The company has 1,800 retail locations in the United States with the Texaco brand.

Chevron fell 34 cents to $62.11 in early trading on the New York Stock Exchange.

© 2006 The Associated Press

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