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NEW YORK (CNN/Money) -
ChevronTexaco, the second largest U.S. oil company behind ExxonMobil, is dropping the Texaco part of its name and will go by just Chevron.
The move is an attempt to "convey a clear, strong and unified presence across the 180 markets where we do business," Chevron chief executive David O'Reilly said in a statement.
The company will retain the name its Chevron and Texaco service stations in the U.S., its Texaco stations in Europe and Africa and its Caltex stations in Asia.
Chevron (Research) will also keep its ChevronTexaco stock ticker, "CVX."
The company is also using a revamped version of it former red and blue Chevron graphic.
Chevron was founded in 1879 in California as the Pacific Coast Oil Co., which later became the Standard Oil Co. of California before changing its name to Chevron.
Texaco was founded in 1901 in Beaumont, Texas as the The Texas Fuel Co.
The two merged in 2001 to become ChevronTexaco.
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