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                                 UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON D.C. 20549


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                                    FORM 8-K



                                 CURRENT REPORT
                       Pursuant to Section 13 or 15 (d) of
                       the Securities Exchange Act of 1934



                Date of Report (Date of earliest event reported):
                                 January 7, 1999


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                                   TEXACO INC.
             (Exact name of registrant as specified in its charter)



             Delaware                     1-27                  74-1383447
(State or other jurisdiction of     (Commission File         (I.R.S. Employer
         incorporation)                 Number)           Identification Number)



       2000 Westchester Avenue,                                     10650
        White Plains, New York                                    (Zip Code)
(Address of principal executive offices)

                                 (914) 253-4000

              (Registrant's telephone number, including area code)


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Item 5.  Other Events
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                  On January  7, 1999,  the  Registrant  issued a Press  Release
                  entitled  "Texaco  Announces  $600  Million  Reduction in 1999
                  Capital and Exploratory  Spending Plan - Spending Plan Coupled
                  with Accelerated $650 Million Cost Reduction  Program," a copy
                  of which is  attached  hereto as Exhibit  99.1 and made a part
                  hereof.

                  On January  8, 1999,  the  Registrant  issued a Press  Release
                  entitled "Texaco  Announces Fourth Quarter Charges - Inventory
                  and Asset Write-Downs,  Restructuring  Costs Noted," a copy of
                  which  is  attached  hereto  as  Exhibit  99.2 and made a part
                  hereof.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits
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(c)      Exhibits

         99.1     Press Release issued by Texaco Inc. dated January 7, 1999,  
                  entitled "Texaco  Announces $600 Million  Reduction in 1999
                  Capital and Exploratory Spending Plan."

         99.2     Press  Release  issued by Texaco Inc.  dated  January 8, 1999,
                  entitled "Texaco  Announces  Fourth Quarter Charges."







                                   SIGNATURES




Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.








                                                               TEXACO INC.
                                                         -----------------------
                                                               (Registrant)





                                                   By:       R. E. KOCH
                                                         -----------------------
                                                          (Assistant Secretary)





Date:  January 8, 1999
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