People gas pump pipeline Motiva Norco Refinery
DATE: September 12, 2001 10:24:34 AM CDT
For more information contact:
Kevin M. Thompson
Motiva Enterprises, LLC
voice: (504) 465-6757
fax: (504) 465-6310
P.O. Box 10
15536 River Road
Norco, LA 70079
kevin.m.thompson@shell.com
Equilon Enterprises And Motiva Enterprises Issue Pricing Statement

For immediate release

HOUSTON, Sept. 12. The employees of Equilon Enterprises LLC and Motiva Enterprises LLC, marketers of Shell- and Texaco-branded fuel throughout the United States, were saddened and shocked by the horrors on Tuesday. The victims and their families and friends are very much in our thoughts and prayers.

Current industry data indicates that the nation's overall inventory of fuel is adequate to meet normal levels of demand. We encourage consumers to buy gasoline as they normally would to minimize sharp swings in gasoline demand and availability. Equilon and Motiva will help maintain calm in the marketplace with a pledge to hold gasoline and diesel fuel prices steady for the next couple of days. This hold will apply to the prices we charge at Shell and Texaco stations that we own and operate, as well as the retail and wholesale prices we charge our independent dealers and wholesalers throughout the U.S. We encourage our thousands of independent dealers and wholesalers to exercise restraint in their pricing decisions. We will continue to assess our position as new developments unfold.

Headquartered in Houston, Equilon Enterprises LLC is a joint venture between Shell Oil Company and Texaco Inc. Motiva Enterprises LLC is a joint venture among Shell, Texaco, and Saudi Refining, Inc. The companies refine and market Shell- and Texaco-branded products to nearly 22,000 stations nationwide.

Should you have any questions and/or comments regarding this matter, please direct them to the Equiva Services Media Line at 713-277-7600.

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