A study was performed to investigate improved oxidation resistance in a graphitic material containing high concentrations of substitutional boron. The method of producing such samples was the chemical vapor deposition (CVD) reaction between boron trichloride and benzene at temperatures near 973 K. This reaction is known to produce a novel material containing about 25% boron, and having the chemical formula BC3. The material was produced and examined for chemical composition, crystal structure, and microstructure. The compound BC3 has a hexagonal crystal structure similar to that of graphite. Maximum deposition rates were between 0.01 and 0.05 mum/day. Annealing the product of this reaction at 1173 K for 72 hours results in a crystalline material having a layered structure with an interlayer spacing slightly larger than that of graphite. Thermal analysis of the BC3 as a coating on T-300 carbon fibers was conducted. Thermal analysis data suggest that this novel compound has a much greater resistance to oxidation than T-300 carbon fibers in the temperature range 673 to 1073 K.