Let's analyze the test results. Your CO is very low. That is good. And your O2 is low. That is good. Your CO and O2 numbers indicate that complete combustion is taking place. It looks to me like your problem is related to raw fuel in the exhaust stream. A bad float in the case of a carburetor, a misfire, or carbon build-up in the combustion chamber are possible culprits.
Carbon deposits in the combustion chamber act like a sponge and soak up HC on the intake stroke. This HC does not vaporize, and it is not burned. It is released unburned into the exhaust stream on the exhaust stroke. It would not be unusual to have an 18 year old car with considerable carbon build up inside the heads.
My first suggestion would be to clean the combustion chambers. Go to your GM dealer and buy a can of GM Top Engine Cleaner (part number 1050002). Read the directions on the can. Basically you dribble it into a manifold vacuum port while "idling" the engine at about 2000 RPM. It will create a lot of smoke. If you can't get hold of GM Top Engine Cleaner, try Sea Foam available from Advance Auto or other parts stores. Some folks have even used a pint or two of distilled water. Dribble it, don't pour. You don't want to damage your engine by hydro-locking it.
Your numbers are not that bad. Your mixture is good. I doubt that the problem is your O2 sensor. If anything your O2 and CO numbers look ever so slightly skewed to the lean side. You have a tired catalytic converter or raw fuel problem. Start by cleaning the combustion chambers.
And for the love of all that is good and holy, don't scrap this car. It would be a dang waste of a good car to send this vehicle to the crushers.
Carbon deposits in the combustion chamber act like a sponge and soak up HC on the intake stroke. This HC does not vaporize, and it is not burned. It is released unburned into the exhaust stream on the exhaust stroke. It would not be unusual to have an 18 year old car with considerable carbon build up inside the heads.
My first suggestion would be to clean the combustion chambers. Go to your GM dealer and buy a can of GM Top Engine Cleaner (part number 1050002). Read the directions on the can. Basically you dribble it into a manifold vacuum port while "idling" the engine at about 2000 RPM. It will create a lot of smoke. If you can't get hold of GM Top Engine Cleaner, try Sea Foam available from Advance Auto or other parts stores. Some folks have even used a pint or two of distilled water. Dribble it, don't pour. You don't want to damage your engine by hydro-locking it.
Your numbers are not that bad. Your mixture is good. I doubt that the problem is your O2 sensor. If anything your O2 and CO numbers look ever so slightly skewed to the lean side. You have a tired catalytic converter or raw fuel problem. Start by cleaning the combustion chambers.
And for the love of all that is good and holy, don't scrap this car. It would be a dang waste of a good car to send this vehicle to the crushers.