direct stock purchase & dividend reinvestment

Chevron engages a transfer agent, Computershare, to assist the company in maintaining the accounts of individuals and entities that hold Chevron stock in their own name on the records of the company, sometimes referred to as "stockholders of record" or "registered stockholders." All communications concerning accounts of stockholders of record, including name and address changes and inquiries about the requirements to transfer shares and similar matters, can be handled by calling Chevron Stockholder Services toll-free at 1-800-368-8357 or by contacting Computershare through its website at www.computershare.com/investor.

When you access your account through Computershare's website, Investor Centre, you can view your current balance, access your account history, obtain current and historical stock prices and purchase and sell Chevron shares through the Computershare Investment Plan. To access your existing account on the Investor Centre website, you will need your user ID and password. For stockholders who do not have a Computershare Investor Centre account, you may be able to create a unique user ID by answering a series of questions, completing a first-time user authentication process and creating a custom seal.

The Computershare Investment Plan allows interested investors to purchase and sell shares of Chevron stock and enroll in dividend reinvestment.

Purchases of shares of Chevron stock through the Computershare Investment Plan can be made by electronic funds transfer or enclosing a check accompanied by a current coupon found at the bottom of your account statement. Each check must have a coupon attached. Upon receipt of good funds and valid paperwork, Computershare will make additional cash investments, less applicable fees, in whole and fractional shares purchased on the open market, as promptly as practicable, at least once every five business days. Investors may send the applicable materials to Computershare at any time. To target a specific investment day, investors should ensure the delivery of the investment is received by Computershare no later than two business days prior to the anticipated investment day. Chevron's investment day is Tuesday, assuming the relevant markets are open and sufficient market liquidity exists. Although Computershare will process the investment as promptly as practicable, there is no guarantee the investment will occur on the investor's specific investment day due to delays with mail, funding, invalid or illegible documentation, etc. Please refer to the Computershare Investment Plan brochure for additional details about the plan. The check should be mailed to Computershare at one of the following:

Computershare CIP
c/o Computershare Investor Services
P.O. BOX 30170
College Station, TX 77842-3170

For overnight delivery services:

Computershare CIP
Computershare Investor Services
211 Quality Circle, Suite 210
College Station, TX 77845