Unocal Completes Common Stock Repurchase Program

Unocal Corporation (NYSE:UCL) has completed its previously announced program for the repurchase of Unocal common stock.

The company repurchased 4.13 million common shares for $149.9 million in open market transactions. The average purchase price, including commissions, was $36.30 per share.

The repurchase of Unocal common stock was one aspect of a three-part cash expenditure program of up to $511 million that Unocal announced in late July 2004.
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