Friday, January 24, 2020 11:45:05 AM
For example, In 1999, Texaco formed a joint venture with Shell Oil Company,
named Equilon. They had trouble merging the cultures together among other problems. Well Texaco started talking to Chevron and On February 8, 2002 Chevron Corporation merged with Texaco. Texaco pulled out of Equilon. Shell had to purchase Texaco's interest in Equilon and rename it back to Shell. They wasted millions of dollars. I was there, so it can happen.
https://en.wikipedia.org/wiki/Texaco
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