SAN RAMON, Calif. - Chevron Corporation today announced it is making a commitment of $5 million to support recovery efforts in the communities affected by Hurricane Katrina. This includes a $3 million contribution to the American Red Cross in support of disaster relief efforts in Louisiana, Mississippi and other affected areas following further analysis of the devastation. The remaining $2 million will go to local charities and relief efforts near Chevron businesses in affected states, as determined by the Company.

"Our thoughts and prayers are with our employees and the communities affected by this disaster," said Dave O'Reilly, chairman and CEO of Chevron Corporation. "We are pleased to partner with the American Red Cross to provide aid and we will be evaluating opportunities to expand relief efforts near our businesses as we learn more about local needs."

"We are extremely grateful for Chevron's swift response, generosity and compassion," said Marty Evans, president and CEO of the American Red Cross. "The people of the Gulf Coast have a long and slow recovery ahead. Thanks to Chevron's help, the Red Cross will be able to get help to those who need it, for as long as it's needed."

Chevron Corporation has significant operations and a long presence in the Gulf of Mexico and its surrounding states. Chevron 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 is based in San Ramon, Calif. More information on Chevron is available at www.chevron.com.

Chevron Corporation: OLD DO NOT USE

Chevron Corporation: OLD DO NOT USE

Chevron Corporation provides administrative, financial, management and technology support to U.S. and international subsidiaries that engage in the operation of petroleum, chemicals, mining, power generation and energy services.