SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549



                                    FORM 8-K



                             Current Report Pursuant
                          to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934



    Date of report (Date of earliest event reported)        September 28, 2004
                                                        ------------------------



                               UNOCAL CORPORATION
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



                                    Delaware
--------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)



    1-8483                                   95-3825062
--------------------------------------------------------------------------------
(Commission File Number)                (I.R.S. Employer Identification No.)



2141 Rosecrans Avenue, Suite 4000, El Segundo, California         90245
--------------------------------------------------------------------------------

(Address of Principal Executive Offices)                       (Zip Code)



                                 (310) 726-7600
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_| Written communications pursuant to Rule 425 under the Securities Act
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act



Item 8.01.  Other Events.

       On September 28, 2004, Unocal Corporation ("Unocal") announced by press
release that it had elected not to proceed with its participation in five
contracts to explore for, develop, and market natural gas resources in the Xihu
Trough off the coast of Shanghai, in the East China Sea.

       The full text of the press release is filed as an exhibit under
Item 9.01(c) of this report.

Item 9.01.  Financial Statements and Exhibits.

       (c)  Press release, dated September 28, 2004, entitled "Unocal elects not
to proceed with East China Sea E&P projects".

                                    Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                                  UNOCAL CORPORATION
                                                     (Registrant)





Date: September 28, 2004                       By: /s/ JOE D. CECIL
------------------------                          ------------------------
                                                  Joe D. Cecil
                                                  Vice President and Comptroller