How can I purchase Chevron stock?
Shares of Chevron stock can be purchased directly through our stock transfer agent,
BNY Mellon Shareowner Services (800-368-8357). You may purchase shares directly from the Mellon Web site, from a broker or from another stockholder.
What is a stock transfer agent?
A stock transfer agent manages and maintains the records of a company's shares. The agent is responsible for transferring the ownership of shares from the seller's name to the buyer's name. The transfer agent also determines the stockholders of record, ensures all stocks are properly accounted for and that dividend payments are made to stockholders of record.
The transfer agent does not maintain records of shares bought and sold through brokerage accounts. (Such stock is said to be held in "street name.") Those records are maintained by the brokerage firms through which the shares are bought and sold.
Does Chevron have a dividend reinvestment program?
Yes, Chevron has a dividend reinvestment program administered by our stock transfer agent,
BNY Mellon Shareowner Services (800-368-8357). Many brokers have similar programs.
What is the stock symbol and CUSIP number for Chevron shares?
The Chevron stock symbol is CVX and the CUSIP number is 166764 10 0. (CUSIP stands for Committee on Uniform Security Identification Procedures, an American Bankers Association entity that developed a system to uniquely identify securities trading in the United States.) Chevron shares are listed on the New York exchange.
What is Chevron's dividend policy?
Chevron has a long history of paying quarterly dividends to their stockholders. Chevron's Board of Directors will review the dividend level regularly. There is no formal dividend policy, and payment of a dividend in any given quarter is solely at the Board's discretion. The Board is guided by a series of factors in making its decision regarding the timing and amount of dividend payments. The factors considered include balancing cash flow, investment needs and the future financial strength of the corporation. In addition, the desires of stockholders for larger dividends and Chevron's goal to provide superior returns are considered.
A history of past dividends and the anticipated schedule of future dividend payments can be found on the Investor Relations Dividend Information page.
Where can a potential investor get information about Chevron?
The Investor Center here on the Chevron Web site provides a wide range of information, including annual reports, annual report supplements, and other financial and operational data. Visitors to the site may use our Information Request service to obtain printed materials.
How can I get a copy of the annual report?
On our Web site, you can view the company's annual reports or request printed copies using the Information Request service.
Where can I get a copy of the proxy statement?
On our Web site, you can download the company's Proxy Statement (456 KB) or request printed copies using the Information Request service.
How can I get a copy of the materials filed with the Securities Exchange Commission (SEC)?
Chevron's SEC filings are made available over the Internet by various service providers, or you can search and download the information from our SEC Filings page. If you require a hard copy, you can contact us through our Information Request page.
When is your next earnings release and conference call?
Chevron releases its quarterly results and schedules security analyst conference calls approximately 30 days after the end of each quarter. The exact timing may vary. To be notified of the date of the earnings release, conference call and other upcoming investor events, you can subscribe to our Investor Events email alert system.
How can individual investors listen to your earnings conference call with analysts?
Chevron provides Webcasts of these conference calls to ensure that all investors have timely and equal access to company information. To hear the conference call, log on to the Investor Relations page and follow the instructions. You must have Windows Media Player or QuickTime installed on your computer.
Whom do I contact about changing information regarding my Chevron shares?
BNY Mellon Shareowner Services (800-368-8357) is the transfer agent for Chevron stock. They can assist you with all issues related to your shares, including:
- Purchasing Chevron shares
- Enrolling in the Dividend Reinvestment Program
- Changing an address
- Reporting lost certificates
- Transferring Chevron stock
- Resolving problems with dividend checks
They can be reached at:
Phone: 800-368-8357
Email: shrrelations@bnymellon.com
Mailing Address:
BNY Mellon Shareowner Services
P.O. Box 358015
Pittsburgh, PA 15252
Who are Chevron's competitors?
Chevron considers its primary competitors to be the major international integrated petroleum companies: ExxonMobil, Royal Dutch/Shell, BP, TotalFinaElf and ConocoPhillips. Although Chevron is an international company, it also competes with regional and independent companies, such as Anadarko and Valero.
Who is on Chevron's Board?
Biographies of Chevron's directors and related information can be found on the Board of Directors page under About Chevron.
Who are the corporate officers of Chevron?
Biographies of Chevron's corporate officers and related information can be found on the Executive Committee page under About Chevron.
What is Chevron's credit rating?
Chevron currently maintains the following credit ratings:
| Credit Ratings |
CommercialPaper |
Long-Term Debt |
| Standard & Poor's |
A-1+ |
AA (Senior Implied) |
| Moody's |
P-1 |
Aa1 (Guarantor) |
For more information on Chevron's commercial paper program, visit the Chevron Commercial Paper Web page.
How can I be notified when new information about Chevron is available?
You can subscribe to Chevron's email alert system in the Investor Relations section of this Web site. The system provides various notification options regarding information on the company's operations and financial performance. Examples include SEC filings, press releases, financial information and upcoming events for the investment community.
Can I find out the price of Chevron shares on a particular date?
The Historical Price Look-Up page gives share prices from January 1970 on. For earlier dates, contact us by email.
Who is the independent accountant for Chevron?
PricewaterhouseCoopers LLP is our independent public accountant.
How do I contact Chevron Investor Relations?
The easiest way to reach Chevron's IR group is by email at invest@chevron.com. You can find additional contact information on the Investor Relations overview page.
How do I contact Chevron's stock transfer agent, BNY Mellon Shareowner Services?
You can contact BNY Mellon Shareowner Services for change of address, lost stock certificates, transfer of stock to another person and additional administrative services at:
Phone: 1-800-368-8357
Internet: www.bnymellon.com/shareowner/isd
Email: shrrelations@bnymellon.com
Mailing Address:
BNY Mellon Shareowner Services
P.O. Box 358015
Pittsburgh, PA 15252
BNY Mellon Shareowner Services' automated voice response system is available 24 hours a day, Monday-Sunday. You can access your account and will be able to effect a wide variety of transactions over the telephone or on-line with Investor Service Direct at www.bnymellon.com/shareowner/isd. If it is necessary for you to speak to a Customer Service Representative, you may do so during the hours of 8:00 a.m. to 7:00 p.m. eastern time, Monday to Friday.
What do I do if I still have Texaco Inc. common stock certificates?
You need to exchange your certificates which represented Texaco Inc. common stock for Chevron common stock immediately. As a result of the merger, Texaco Inc. shares are no longer traded on the New York Stock Exchange. You need to contact BNY Mellon Shareowner Services at 1-800-368-8357 to exchange your Texaco Inc. share certificates and receive Chevron stock.
What is a stock split in the form of a 100 percent stock dividend?
A 100 percent stock dividend is a common way to implement a 2-for-1 stock split. Each Chevron stockholder will receive one additional share of stock for each share they owned as of the Record Date (August 19, 2004). For example: as of the Record Date if an investor owns 100 shares of Chevron stock and the market price is $90 per share, that investor's total investment in Chevron stock is worth $9,000. After the split the investor will have 200 shares of Chevron stock, but the market price will be approximately $45.00 per share. The value of the investor's total investment in Chevron remains the same at $9,000 until the stock price moves up or down.
Does the 2-for-1 stock split in the form of a 100 percent stock dividend dilute the value of my Chevron stock by increasing the number of shares?
This stock split will not change the proportionate interest a stockholder maintains in Chevron.
Is this stock split a taxable transaction for me?
Individual stockholders should consult with their own tax adviser regarding their own specific tax circumstances. From a U.S. Federal tax standpoint, this is not a taxable event.
Why did Chevron split its shares now?
The Board of Directors of Chevron decided to split stock to bring the company's share price back into the trading range of our peers and in line with the majority of NYSE listed stocks.
Why does the quarterly dividend declared on July 28, 2004 apply to pre-split shares only?
The quarterly cash dividend of 80 cents per share was declared by the Board of Directors before the stock split. If the stock split had occurred before the record date for the cash dividend occurred, the cash dividend would have applied to the post-split shares but would have been 40 cents per share. The total amount of cash to be distributed to stockholders is the same in either case.
Will future declared quarterly dividends apply to my new shares?
In the future, the quarterly dividend will apply to both old and new shares. The per share amount of the dividend, though, will be half of its current level assuming the Board of Directors maintains the current level of dividends.
When will the shares trade ex-dividend?
For the stock dividend, the Ex-Dividend Date--the day the stock begins trading at the split price--is September 13, 2004.
Will the par value change?
No. The par value will remain at 75 cents per share for both the old and new shares.
What is the effective date of the split?
There are several key dates.
The Record Date - August 19, 2004 determines which stockholders are entitled to receive additional shares due to the split.
The Payable (distribution) Date - September 10, 2004. This is the date when the new shares are distributed and BNY Mellon Shareowner Services, our stock transfer agent, mails written notice to stockholders indicating their split-adjusted share amounts.
The Ex-Date or Ex-Split Date - September 13, 2004, is the date Chevron common stock will begin trading on the New York Stock Exchange at the new split-adjusted price.
Who mails the split shares?
Our stock transfer agent, BNY Mellon Shareowner Services, will mail written notice to registered stockholders indicating their split-adjusted shares. If your stock is currently held in a brokerage account, the information will be sent directly to your broker.
When will the split shares be mailed?
BNY Mellon Shareowner Services will mail written notice to stockholders of record indicating their revised shareholdings on September 10, 2004. If your stock is currently held in a brokerage account, the information will be sent to your broker.
Where will my shares be mailed?
If you currently hold stock in your name, you will be notified at the address BNY Mellon Shareowner Services has on file. To verify your address you can call BNY Mellon Shareowner Services directly at (800) 368-8357. If your stock is currently held in a brokerage account, the information will be sent directly to your broker.
What do I do with my current stock certificates?
KEEP THEM. DO NOT DESTROY THEM. The stock certificates are still valid. All your certificates should be kept in a safe place, as they are valuable documents.
What happens if I sell my (old) shares after the Record Date and before the Payable Date?
From the Record Date to the Payable Date, two separate markets exist for Chevron stock. The "regular way" market, reported under Chevron's normal CVX symbol, continues to trade at the higher, pre-split price. Since sellers in the "regular way" market will receive full value for the shares they sell, they are not entitled to the split shares they will receive by virtue of their being holders on the record date, hence they transfer their rights to the split shares to their buyers by means of "due bills." The New York Stock Exchange recognizes that stockholders might alternatively want to sell only the "new" split shares while retaining the old shares, and this is accomplished by creating a "when issued" market at the post-split price. "When issued" trading is reported under Chevron's normal stock symbol with a "WI" appended. "When issued" trading ceases on the Payable Date. Chevron has no involvement in when-issued trading. You should check with your broker if you are interested in when-issued trading.
Will there be a "when issued" market for the split shares?
It is expected that the New York Stock Exchange will authorize a "when issued" market for the new split shares under the CVXWI symbol. This will occur only between the August 17 and September 10 Payable Date. Trading in the "when issued" market will reflect the anticipated split value of Chevron stock. Settlement of "when issued" trades is expected to occur on September 15, 2004, three business days after the Payable Date. Chevron has no involvement in when-issued trading. You should check with your broker if you are interested in when-issued trading.
What was the effective date for no longer issuing stock certificates?
Effective August 1, 2005, Chevron no longer issues stock certificates.
If Chevron is no longer issuing stock certificates, how will I receive new shares of Chevron stock that I purchase?
Chevron is using the Direct Registration System (DRS). Your Chevron shares are registered electronically on the records of the Corporation through DRS in an account maintained by BNY Mellon Shareowner Services, our stock transfer agent. Chevron made this change to DRS pursuant to a new Delaware law regarding securities issued by public companies. The new Delaware law permits corporations incorporated in Delaware to issue stock only in book-entry or uncertificated form. DRS is a form of "book-entry" ownership. You will receive periodic statements from Mellon indicating the number and value of the Chevron shares you own and any transactions that you have made. Additionally, you may access your Chevron account at Mellon at any time by visiting their Web site www.bnymellon.com/shareowner/isd or by calling +1 800-368-8357.
Is book-entry safe?
Book-entry is the security industry's preferred method of security ownership and is used for all U.S. Treasury bills, bonds, notes, U.S. Government Agency securities, and for all mutual funds. DRS allows you to provide trading instructions in a quick and efficient manner, and lets you avoid the risk of holding a stock certificate that might be lost, stolen, or destroyed. The process to replace a lost stock certificate requires you to purchase a surety bond and complete an affidavit, which can be costly and time consuming.
What should I do with my certificates that I have?
Do not destroy any Chevron Corporation, ChevronTexaco Corporation, or Standard Oil Company of California certificates that you have. These are still valid and should be kept with your other certificates in a secure place. If you prefer, you can convert your stock certificate holdings into a DRS account by contacting Mellon.
Were all stock certificate holdings converted to book-entry holdings on August 1, 2005?
No. Your paper stock certificate holdings were not automatically transferred into your DRS account. You will need to provide your stock certificates to Mellon when you transfer or sell any shares of Chevron stock held in a paper certificated form. If you prefer, you can convert your stock certificate holdings into a DRS account by contacting Mellon.
Prior to August 1, 2005, were many registered Chevron stockholders already in book-entry form?
Prior to August 1, 2005, many registered holders of Chevron held their stock in book-entry form. The dividend reinvestment feature of BNY Mellon's Shareowner Services Program requires stock to be held in book-entry form.
What do I do if I want to sell my book-entry shares?
You can sell your book-entry shares at any time through a broker, or pursuant to the terms of the Investor Services Program for shareowners of Chevron Corporation administered by Mellon, by contacting Mellon. You can conveniently sell your book-entry shares without the need to search for any paperwork, as the shares are electronically registered on the books of the Corporation.
Why is ChevronTexaco changing its name and corporate symbol?
We are changing our company name to better clarify our identity as a unified, integrated global energy company. We found the need for greater clarity of our identity because awareness of ChevronTexaco in some U.S. and international markets was fragmented. This change signals to the market that we are a single, integrated global energy company.
At the same time, our new corporate symbol transcends the many languages in the countries where we do business, which is important for a global enterprise. Our new symbol also conveys a more contemporary and forward-looking company.
Are all of Chevron's international operations and subsidiary companies also changing their names and brand symbols?
Over time, we anticipate that the names of most subsidiary companies that can change will change so that they are more closely identified as Chevron companies. Facilities such as refineries generally bear the name of the company that owns them.
At the pump, customers will see no change in the name of our three powerful retail brands - Texaco, Chevron and Caltex.
How does the name change benefit key constituencies?
Having a stronger, clearer identity will enhance our competitive advantage. It will offer clarity and simplicity in the marketplace. While the Texaco brand has strong consumer equity, the Chevron name has greater recognition among key upstream partners and stakeholders.
In addition, changing our name to Chevron will convey a unified presence across the 180 markets where Chevron subsidiaries do business, and reflect the full value of our global, integrated enterprise. Moreover, as a global company, it is important to have an identifying image that transcends languages, which our new corporate symbol will provide.
Is Chevron's stock ticker symbol also changing?
No. We will continue to trade under the symbol CVX.
Why wasn't the name change made at the time of the merger?
Our primary focus at the time of the merger was to integrate our two companies. We have effectively accomplished that and our name change reflects the fact that we are a global, unified enterprise.
With the name change to Chevron, will you be sun-setting the Texaco brand?
We have no intention to sunset the Texaco brand. In fact, we are investing in and expanding the brand. Late last year, we announced an expansion of the Texaco Star into eight Western states in the U.S. This expansion built on the success of the rollout of the Texaco brand in 13 Southern and Eastern states. Since we began these efforts, we have added more than 1,000 locations to our network in the U.S. In addition, we continue to support the Texaco brand in key markets outside the U.S. All of these efforts underscore our commitment to what is one of the most recognized retail and product brands in the world.
What do I do if I still have Unocal shares?
You should exchange your Unocal shares for Chevron shares. As a result of the merger, Unocal shares are no longer traded on any exchange. You need to contact any of the numbers below to exchange your Unocal shares and receive Chevron shares:
BNY Mellon Shareowner Services at 1-866-865-6324
Georgeson Securities Corporation at 1-888-274-5101
What do I do if I cannot locate my Unocal stock certificate(s)?
You can still exchange your Unocal shares. Contact BNY Mellon at 1-866-865-6324 or Georgeson Securities Corporation at 1-888-274-5101 for assistance.
How many Chevron shares will I receive?
Unocal stockholders who need to exchange their shares will receive 0.618 of a share of Chevron common stock and $27.60 in cash for each share of Unocal common stock.
What happens if I do not exchange my Unocal shares?
Unocal shares are no longer traded on any exchange. If you do not exchange your Unocal shares, your assets will be turned over to the state your shares are registered to under the abandoned property laws and you must deal directly with the appropriate state to reclaim your assets.
Where can I find information regarding the tax consequences of the Chevron-Unocal merger?
Stockholders are urged to consult with their tax advisors regarding the tax consequences of the merger to them, including the effects of United States federal, state and local, foreign and other tax laws. You may want to read the section "Material Federal Income Tax Consequences of the Merger" in the June 29, 2005 proxy statement/prospectus that Unocal Corporation provided to Unocal Stockholders.
June 29, 2005 Proxy Statement/Prospectus (435 KB)
In addition, the final results for the merger consideration elections received by Unocal stockholders are as follows:
Cash Elections: Unocal stockholders who validly elected to receive all cash will receive $29.755634 in cash and 0.58582169 of a share of Chevron common stock for each share of Unocal common stock with respect to which that election was made;
Stock Elections: Unocal stockholders who validly elected to receive all Chevron common stock will receive 1.03 shares of Chevron common stock for each share of Unocal common stock with respect to which that election was made;
Mixed Elections: Unocal stockholders who validly elected the mixed election will receive 0.618 of a share of Chevron common stock and $27.60 in cash for each share of Unocal common stock; and
Non-Elections: Unocal stockholders who did not make a valid election will receive 0.618 of a share of Chevron common stock and $27.60 in cash for each share of Unocal common stock.
Where can I find information on Unocal's historical stock prices, historical dividend information and stock split history?