Chevron Reaches Milestone of
2,000 Texaco Stations in United States

SAN RAMON, Calif., September 28, 2006 - Chevron Global Marketing today announced that it has reached an important milestone of 2,000 branded Texaco stations in more than 20 states in the United States since July 2004, when the company began marketing gasoline under the Texaco retail brand. Following the company's 2001 merger with Texaco, Chevron was required to license the Texaco retail brand to Shell in the United States for the marketing and sale of gasoline through June 30, 2006, and it has shared rights to use the Texaco brand in the United States since July 1, 2004. On July 1, 2006, Chevron gained exclusive rights to the Texaco brand in the United States.

Today, only those Texaco stations supplied gasoline by Chevron are allowed to carry the Texaco flag. Customers can be sure they are at a Chevron-supplied Texaco station when they see the "with Techron^®" identification at the gasoline pumps and point-of-purchase displays. Techron -– the company's patented additive -- helps prevent engine deposit build-up and minimize vehicle emissions, and is included in all grades of Texaco gasolines. The Chevron and Texaco credit card is also accepted at all Texaco stations that display the "with Techron" logo.

"Reaching this key milestone is indicative of the great enthusiasm behind the Texaco star," said Shariq Yosufzai, president of Chevron Global Marketing. "The growing momentum for Texaco is a testament to its legendary status as one of the world's most recognized brands, backed by a century of high performance products and services that people trust."

"The Texaco brand has a strong heritage as a trusted brand and provider of quality products, which we are committed to maintaining," said Danny Roden, vice president of Chevron North America Marketing. "We will continue to expand the Texaco-branded retail gasoline stations by working together with our local marketers to search for growth opportunities within our current U.S. marketing areas in the west, Southwest, Gulf Coast and Southeast."

For more than 100 years, Texaco has grown into one of the most iconic, trusted and familiar brands in the world. The Texaco brand has maintained its consumer influence in many markets and was ranked as the second most powerful brand behind Chevron in a recent Oil Price Information Service (OPIS) study.

In April 2006, Chevron kicked off a new Texaco global advertising campaign. The theme of the advertisements, "People in the Know Trust Texaco," brings to life what consumers have acknowledged about Texaco all around the world: its strong heritage, a trusted brand and provider of quality products. The new advertisements feature the tagline "Trust Your Car to the Star" and appear on television and in radio, Internet and outdoor media outlets in several markets.

Chevron Corp. is one of the world's leading energy companies. With more than 53,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products. Chevron Global Marketing is a division of Chevron Global Downstream LLC, a subsidiary of Chevron Corp. Chevron is based in San Ramon, Calif. More information on Chevron is available at www.chevron.com. TECHRON is a registered trademark licensed to Chevron U.S.A. Inc.

TECHRON is a registered trademark licensed to Chevron U.S.A. Inc.

# # #