Cautionary Statement Relevant to Forward-Looking Information
for the
Purpose of "Safe Harbor" Provisions of the Private Securities
Litigation Reform Act of 1995
This Annual Report of Chevron Corporation contains forward-looking statements
relating to Chevron's operations that are based on management's
current expectations, estimates and projections about the petroleum,
chemicals and other energy-related industries. Words such as "anticipates,"
"expects," "intends," "plans," "targets," "projects," "believes," "seeks,"
"schedules," "estimates," "budgets" and similar expressions are intended to
identify such forward-looking statements. These statements are not guarantees
of future performance and are subject to certain risks, uncertainties and other
factors, some of which are beyond the company's control and are difficult to
predict. Therefore, actual outcomes and results may differ materially from
what is expressed or forecasted in such forward-looking statements. The reader
should not place undue reliance on these forward-looking statements, which
speak only as of the date of this report. Unless legally required, Chevron undertakes
no obligation to update publicly any forward-looking statements, whether
as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ
materially from those in the forward-looking statements are crude-oil and
natural-gas prices; refining, marketing and chemicals margins; actions of
competitors or regulators; timing of exploration expenses; timing of crude-oil liftings; the
competitiveness of alternate-energy sources or product substitutes; technological
developments; the results of operations and financial condition of
equity affiliates; the inability or failure of the company's joint-venture partners
to fund their share of operations and development activities; the potential
failure to achieve expected net production from existing and future crude-oil
and natural-gas development projects; potential delays in the development,
construction or startup of planned projects; the potential disruption or interruption
of the company's net production or manufacturing facilities or delivery/
transportation networks due to war, accidents, political events, civil unrest,
severe weather or crude-oil production quotas that might be imposed by OPEC
(Organization of Petroleum Exporting Countries); the potential liability for
remedial actions or assessments under existing or future environmental
regulations and litigation; significant investment or product changes under
existing or future environmental statutes, regulations and litigation; the
potential liability resulting from pending or future litigation; the company's
acquisition or disposition of assets; gains and losses from asset dispositions or
impairments; government-mandated sales, divestitures, recapitalizations,
industry-specific taxes, changes in fiscal terms or restrictions on scope of
company operations; foreign currency movements compared with the U.S.
dollar; the effects of changed accounting rules under generally accepted
accounting principles promulgated by rule-setting bodies. In addition, such
statements could be affected by general domestic and international economic
and political conditions. Unpredictable or unknown factors not discussed in this
report could also have material adverse effects on forward-looking statements.
Other Information
The company has submitted to the New York Stock Exchange a certificate
of the Chief Executive Officer of the company certifying that he is not aware of
any violation by the company of New York Stock Exchange corporate
governance listing standards. The 302 certifications have been filed in the Form 10-K.