EXHIBIT 99.1


              TEXACO ADVISED SUPREME COURT WILL LET STAND FAVORABLE
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                      DECISION IN "ARAMCO ADVANTAGE" CASE
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FOR  RELEASE:   MONDAY,  APRIL  21,  1997.
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         WHITE PLAINS,  N.Y.,  April 21 - Texaco Inc. has been notified that the
United  States  Supreme  Court has  decided not to review the  decisions  of the
United States Court of Appeals for the Fifth Circuit and the U.S.
Tax Court in the so-called "Aramco Advantage" case.
         From 1979 through 1981, as a result of a directive  from the Saudi Arab
Government,  Texaco was limited in the amount that it could charge for crude oil
purchased from Saudi Arabia. The IRS claimed that Texaco should pay taxes on the
sale of crude oil based on higher prices than Texaco  actually  received for the
oil.
         By rejecting the IRS's request for review,  the Court precluded further
challenges to the Fifth Circuit and Tax Court decision.
         In previous  years Texaco made  payments to the IRS for  potential  tax
claims.  As a result  of the  Supreme  Court  action,  Texaco  expects a refund,
including  interest,  of $700 million.  A significant  portion of this amount is
expected  in 1997.  An  associated  earnings  benefit  of $488  million  will be
included in Texaco's first quarter 1997 results.

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CONTACT:          Jim Swords        914-253-4156