| Crude Distillation Capacity
(barrels per calendar day) |
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| National Overview | |||||||||||||
| Chevron | Equiva | Texacoa | Merger Outcomesb | National Totalc | Chevron | Equiva | Texacoa | Merger Outcomesb | |||||
| Chevron /Equiva | Chevron /Texacoa | Equilon | Motiva | Chevron /Equiva | Chevron /Texacoa | ||||||||
| Equilon | Motiva | (Percentage of National Total) | |||||||||||
| 1,049,000 | 748,000 | 852,400 | 606,150 | 2,649,400 | 1,655,150 | 16,511,871 | 6.4% | 4.5% | 5.2% | 3.7% | 16.0% | 10.0% | |
| Petroleum Administration for Defense (PAD) District Detail | |||||||||||||
| PAD District | Chevron | Equiva | Texacoa | Merger Outcomesb | PAD District Total | Chevron | Equiva | Texacoa | Merger Outcomesb | ||||
| Chevron /Equiva | Chevron /Texacoa | Equilon | Motiva | Chevron /Equiva | Chevron /Texacoa | ||||||||
| Equilon | Motiva | (Percentage of PADD total) | |||||||||||
| 1 | 80,000 | 157,000 | 51,025 | 237,000 | 131,025 | 1,704,000 | 4.7% | 9.2% | 3.0% | 13.9% | 7.7% | ||
| 2 | 288,300 | 126,852 | 288,300 | 126,852 | 3,619,404 | 8.0% | 8.0% | 3.5% | |||||
| 3 | 385,000 | 695,400 | 226,005 | 1,080,400 | 611,005 | 7,552,942 | 5.1% | 0.0% | 9.2% | 3.0% | 14.3% | 8.1% | |
| 4 | 45,000 | 45,000 | 45,000 | 540,755 | 8.3% | 8.3% | 8.3% | ||||||
| 5 | 539,000 | 459,700 | 202,268 | 998,700 | 741,268 | 3,094,770 | 17.4% | 14.9% | 6.5% | 32.3% | 24.0% | ||
| a: Texaco's refining capacity is computed by assigning it 44 percent of Equilon's refining capacity and 32.5 percent of Motiva's refining capacity. | |||||||||||||
| b: Two merger outcomes are presented. The outcome labeled "Chevron/Equiva" provides an upward bound on the potential size of the merged company (presuming that Texaco buys out its partners Saudi Refining and Shell Oil). The outcome labeled "Chevron/Texaco" provides a lower bound on the potential size of the merged company (presuming that Texaco exits the two joint ventures with its current ownership shares of the assets -- 44 percent of Equilon and 32.5 percent of Motiva). A third outcome is that Texaco sells its ownership in both joint ventures to its partners, resulting in Texaco contributing no downstream assets to the merged company, which would be equal to the columns labeled "Chevron." EIA makes no estimations as to what the probabilities of the outcomes are. | |||||||||||||
| c: The national crude distillation total capacity does not include Puerto Rico or the U.S. Virgin Islands. | |||||||||||||
| Note: National and PAD district totals are sum of operating crude distillation capacity and idle crude distillation capacity. | |||||||||||||
| Source: Petroleum Supply Annual 1999, Volume 1, DOE/EIA-0340(99)/1 (June 2000), Tables 36, 38, and 40. | |||||||||||||