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that resulted in the Delaware Supreme Court landmark decision Unocal v. The joint venture, known as the Uno-Ven Company, was headquartered in Arlington Heights, Illinois and primarily comprising employees from Union Oil's then Schaumburg, Illinois, division headquarters and Lemont, Illinois, refinery. Bush, on the grounds that its implications for national security needed to be reviewed.

In 1977, Unocal acquired The Molybdenum Corporation of America (now Molycorp). Marty Miller, one of Unocal's top executives, conducted negotiations in several Central Asian countries from 1995, and voluntarily provided information gained on these trips to the CIA's Houston station.In 1985, Mesa Petroleum, controlled by billionaire T. In March 2005, the Chinese National Offshore Oil Corporation (CNOOC) tried to acquire Unocal with a bid that valued Unocal at between $16 billion and $18 billion.Boone Pickens, attempted a takeover of Unocal Corp. Following a vote in the United States House of Representatives, the bid was referred to President George W.It was a merger of three Southern California Oil Companies: the Sespe Oil Company, the Hardison and Stewart Oil Company, and the Mission Transfer Company.All three were notable as being completely unaffiliated with Standard Oil.Unocal has now ceased operations as an independent company, but continues to conduct many operations as Union Oil Company of California, a Chevron company.

Since 1990, Unocal continues to have strong presence in the downstream petroleum business with their technical collaborators M/s Raaj Unocal Lubricants Ltd for manufacture and marketing of their lubricating products in Asia.

Robert Oakley [ex-US ambassador to Pakistan, now on Unocal's ad hoc advisory board] advised Miller to reach the Taliban by working through Pakistan's government [then led by Benazir Bhutto]. Intelligence "whistleblower" Julie Sirrs claimed that anti-Taliban leader Ahmad Shah Massoud told her he had "proof that Unocal had provided money that helped the Taliban take Kabul [in 1996]".

He also suggested that Unocal hire Thomas Gouttiere, an Afghan specialist at the University of Nebraska at Omaha, to develop a job training program in Kandahar that would teach Pashtuns the technical skills needed to build a pipeline. Unocal agreed to pay $900,000 via the University of Nebraska to set up a Unocal training facility on a fifty-six acre site in Kandahar, not far from bin Laden's compounds. Gouttiere traveled in and out of Afghanistan and met with Taliban leaders. In December 1997 Gouttiere worked with Miller to arrange for another Taliban delegation to visit the United States. Unocal was also the third largest member of the recently completed and opened Baku-Tbilisi-Ceyhan pipeline from the Caspian Sea to the Mediterranean Sea.

About 1910, Union Oil made a strategic alliance with the Independent Producers Agency, a group of small oil producers, to build pipelines from the Kern County oil fields to Union Oil facilities on the Pacific coast.

This gave the independent producers an alternative to what they perceived as the low prices paid by Standard Oil and the high freight rates charged by the railroads to move crude oil.

Raaj Unocal Lubricants Ltd continues the legacy of Unocal 76 in the downstream petroleum business and has Intellectual property rights of the brand since 1994.