UNOCAL UPDATE

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Unocal Reorganizes Top Management 
Bloomberg News 4th March 99
Unocal Corp. said Wednesday that it reorganized its top management to better
handle its increasing oil and natural gas reserves and help it reduce cash
costs by as much as $200 million a year. 
     A four-person management committee, chaired by Chief Executive Roger
Beach, was named to set company strategy and investment priorities, Unocal
said. 
     El Segundo-based Unocal's reserve base, including potential reserves,
is more than 8 billion barrels of oil equivalent, Beach said. That's five
times its current size. 
     "This new organization will put the right people in the right
positions, enabling Unocal to realize that potential at the highest possible
investment returns," Beach said in a statement. 
     The other members of the management committee are John Imle Jr.,
Timothy Ling and Charles Williamson, Unocal said. Imle, who was elected vice
chairman, has been in charge of Unocal's overseas operations, including the
company's controversial $1.2-billion pipeline in Myanmar. In his new role,
Imle will "continue to serve as a key emissary" for Unocal's global
initiatives, Beach said. 
     Ling was named executive vice president, North American energy
operations. He's also chief financial officer and responsible for Unocal's
Spirit Energy 76 unit, Unocal Global Trade and its Canadian operations.
Reporting to Ling will be John Donohue, named president of Spirit Energy 76.
He replaces Jack Schanck, who's leaving the company. 
     Williamson was appointed executive vice president of international
energy operations. He will head all of Unocal's energy operations and new
ventures outside North America. 
     Unocal shares rose $1 to close at $29.56 on the New York Stock
Exchange().