Access control system topologies. 1  Work load on the host PC is significantly reduced, because it only needs to communicate with a few main controllers. 2  The overall cost of the system is lower, as sub-controllers are usually simple and inexpensive devices. 3  All other advantages listed in the first paragraph apply.
This excerpt taken from the CVX 10-K filed Mar 9, 2004. Texaco Merger Transaction. On October 9, 2001, Texaco Inc. (Texaco) became a wholly owned subsidiary of Chevron Corporation (Chevron) pursuant to a merger transaction, and Chevron changed its name to ChevronTexaco Corporation.
'Our 1985 earnings will be in the same ball park as last year if international crude oil prices hold at current levels and if there is a modest increase in refining and marketing margins,' he said. 'The cost of the merger will offset most of Gulf's contribution.' In 1984 Chevron earned $1.59 billion, or $4.65 a share, on revenues of $29.18 billion. Keller said the combined Chevron and Gulf payroll has been reduced from 60,000 to 40,000 employees by early retirement programs, the sale of some assets and natural attrition.