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Identify the company that went insolvent in 1987 after a legal battle with Pennzoil, whereby it was found to owe a debt of $10.5 bn.
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| Texaco |
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| WorldCom |
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| Nortel |
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| ABN-Amro |
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It was later resurrected and taken over by Chevron.
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The correct answer was Texaco
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