CHEVRON TO DOWNSIZE U.S. REFINING, MARKETING

Chevron U.S.A. Products Co. plans a major restructuring of its business. Its new refining and marketing organization will focus resources in the U.S. West, Southwest, and South, where its business is strongest. It will sell its 177,000 b/d Port Arthur, Tex., and 173,000 b/d Philadelphia refineries and concentrate retail marketing investments east of the Rockies in fewer states. Port Arthur recently was downsized to its single train unit from a former capacity of 316,000 b/d. There are about