Since that moment in 1902 when Texas oilman, "Buckskin" Joe Cullinan and New York investor Arnold Schalet started up The Texas Company which would ultimately be known as Texaco Inc, the company has become the leading player in the high-stakes world of modern oil and petroluem refining companies. Indeed, in 1998, Texaco led the industry in production growth while maintaining an average daily production of 930,000 barrels of crude oil and natural gas liquids, as well as 2.2 billion cubic feet of saleable natural gas. With its subsidiaries and affiliates, Texaco markets Texaco-branded motor fuels through some 13,550 retail outlets in the U.S. and approximately 8,500 retail outlets in Europe, Central and South America, the Caribbean and West Africa.
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