Pennzoil v. Texaco

  • Mark G. Yudof
  • John L. Jeffers
Keywords: Energy Law, Petroleum Law


This paper discusses the Pennzoil v. Texaco litigation, which produced the largest civil judgment, $10.53 billion US., and the largest civil settlement. $3 billion U.S.. in American history. It describes the facts of the case, provides an overview of the American legal principles respecting Contract formation and tortious interference with contract, and considers some of the policy issues arising therefrom.