From Latin flÅ«ctuÄns, flÅ«ctuant- , present participle of flÅ«ctuÄre, to fluctuate; see fluctuate. adjective. 1  Subject to change or variation: variable: fluctuant oil prices. 2  Medicine Capable of being moved or compressed.3  Used of an abnormal mass such as a tumor or abscess. 4  Moving in waves.djective. 1  Subject to change or variation: variable: fluctuant oil prices. 2  Medicine Capable of being moved or compressed. 3  Moving in waves.
Like Gulf Oil, Texaco was founded in 1901 after a major oil strike at Spindletop near Beaumont, Texas. The company was officially incorporated as The Texas Company in 1902 and the word Texaco was first used as a brand (for asphalt, not gasoline) in 1903.
In the merger, ChevronTexaco issued approximately 425 million shares of common stock, representing about 40 percent of the outstanding ChevronTexaco common stock after the merger. Further discussion of the Texaco merger transaction is contained on page FS-5 and in Note 2 on page FS-30 of this Annual Report on Form 10-K.