Texaco Inc.’s planned sale of assets should...

Texaco Inc.’s planned sale of assets should yield it more than $6 billion, Chief Executive James Kinnear said, a figure that would exceed the $5.6 billion required by the company’s bankruptcy reorganization plan. Previously, the company had said the restructuring would be worth more than $5 billion. Kinnear told a meeting of securities analysts that the company will have sold slightly more than $6 billion in assets if the sale of Texaco’s 78% stake in Texaco Canada Inc. is included. The expected sale, for about $4 billion, should take place by year-end.