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Texaco Becomes Chevron Oil Nigeria Plc

Texaco Nigeria Plc, one of the major petroleum marketing companies quoted on the Nigerian Stock Exchange, has changed its name to Chevron Oil Nigeria Plc, following a recommendation by the directors of the company.

Also, the company under the new identity presented its unaudited result for half year ended June 30, 2006, which showed an after-tax profit of N927.23 million up from N519.53 million in the same period in 2005, on a turnover which rose from N23.91 billion in 2005 to N33.83 billion in the review period.