In Defense of Texaco

The article titled “Despite Reforms, Texaco Is Dogged by Aloof Reputation” published Jan. 19 was an unfair portrayal of Texaco. I take exception to the comments of those you interviewed and found their opinions to be factually unsupported and generally unrealistic.

The article relies on past impressions and fails to recognize that the company has experienced operating and exploration successes that make it a leader in the industry. Texaco has maintained an aggressive exploration program and, over the last few years, discoveries in the offshore Santa Maria basin, on the North Slope of Alaska, and in the Santa Barbara channel have significantly improved the company’s reserves.

Besides providing a return for its shareholders, Texaco has always acted as a responsible member of the community. As a prominent corporate citizen, Texaco has consistently supported academic and cultural endeavors and has worked with groups concerned about environmentally sensitive areas. And, just as Texaco does in other geographic areas where it operates, the company has committed substantial funding to West Coast colleges and universities and works closely with educational institutions in recruiting, training, and development of joint industry-university programs.

Finally, Texaco’s people have been a crucial element of this company’s success. Texaco employees--particularly those 4,582 people on the West Coast employed in all phases of the oil industry--have a fine reputation as experienced, well-trained professionals who are encouraged to participate in industry and professional societies as well as community activities. I know that many of them are similarly displeased with the article unfair characterization of Texaco.

JOHN EKE

Division Vice President

Western Exploration Division

Texaco USA