<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FRO TEXACO INC.'S BALANCE SHEET AT MARCH 31 1996, JUNE 30, 1996, SEPTEMBER 30, 1996, AND DECEMBER 31 1996, AND INCOME STATEMENTS FOR THE PERIODS ENDED MARCH 31, 1996, JUNE 30, 1996, SEPTEMBER 30, 1996, AND DECEMBER 31, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS AND THEIR RELATED FOOTNOTES. THIS SCHEDULE IS A RESTATEMENT OF SCHEDULES FROM PREVIOUS FILINGS TO INCORPORATE THE PROVISIONS OF SFAS NO. 128 - EARNINGS PER SHARE. IN ADDITION, THE EARNINGS PER SHARE (EPS) INFORMATION REFLECTS THE IMPACT OF THE TWO-FOR-ONE SPLIT OF THE COMPANY'S COMMON STOCK, EFFECTIVE SEPTEMBER 29, 1997. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS 6-MOS 9-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 DEC-31-1996 DEC-31-1996 <PERIOD-END> MAR-31-1996 JUN-30-1996 SEP-30-1996 DEC-31-1996 <CASH> 468 724 903 511 <SECURITIES> 34 98 42 41 <RECEIVABLES> 3,831 4,061 4,055 5,229 <ALLOWANCES> 28 28 36 34 <INVENTORY> 1,361 1,478 1,526 1,460 <CURRENT-ASSETS> 5,897 6,561 6,694 7,665 <PP&E> 31,186 31,666 32,143 33,988 <DEPRECIATION> 18,558 18,805 19,097 20,577 <TOTAL-ASSETS> 24,639 25,241 25,696 26,963 <CURRENT-LIABILITIES> 4,979 5,206 5,319 6,184 <BONDS> 5,129 5,159 5,044 5,125 <PREFERRED-MANDATORY> 0 0 0 0 <PREFERRED> 576 613 611 629 <COMMON> 1,637 1,595 1,590 1,483 <OTHER-SE> 7,440 7,818 8,035 8,260 <TOTAL-LIABILITY-AND-EQUITY> 24,639 25,241 25,696 26,963 <SALES> 10,059 20,876 31,777 44,561 <TOTAL-REVENUES> 10,271 21,532 32,629 45,500 <CGS> 7,782 16,127 24,526 34,643 <TOTAL-COSTS> 8,466 17,511 26,631 37,621 <OTHER-EXPENSES> 1,028 2,105 3,193 4,462 <LOSS-PROVISION> 0 0 0 0 <INTEREST-EXPENSE> 113 221 328 434 <INCOME-PRETAX> 664 1,695 2,477 2,983 <INCOME-TAX> 278 620 968 965 <INCOME-CONTINUING> 386 1,075 1,509 2,018 <DISCONTINUED> 0 0 0 0 <EXTRAORDINARY> 0 0 0 0 <CHANGES> 0 0 0 0 <NET-INCOME> 386 1,075 1,509 2,018 <EPS-PRIMARY> .71 2.01 2.82 3.77 <EPS-DILUTED> .70 1.96 2.75 3.68