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BAKERSFIELD, Calif., March 22, 2010 – Chevron Corporation (NYSE: CVX) today announced the start of Project Brightfield, a demonstration of next-generation solar energy technologies in Bakersfield, California. The project, created on the site of a former Chevron refinery, will evaluate seven emerging photovoltaic technologies to help determine the potential application of renewable power at other company-owned facilities.

The former refinery site has been repurposed to test the performance of six emerging thin-film technologies and one emerging crystalline-silicon photovoltaic technology, which were provided by independent solar companies.

Chevron Tests Solar Technologies

"By bringing together seven emerging solar technologies, Project Brightfield represents one of the most comprehensive solar energy tests of its kind and is an innovative approach to evaluating new technologies," said Des King, president of Chevron Technology Ventures, the division of Chevron U.S.A. Inc. that identifies, evaluates and demonstrates emerging technologies. "Testing competing technologies side by side means that we can better understand their potential application at other Chevron facilities."

The 7,700 solar panels on the 8-acre site will generate approximately 740 kW of electricity. The produced power will be directed to the local utility grid as well as to Chevron's oil production operations at the Kern River Field.

"Chevron has operated in the San Joaquin Valley for more than a century. Throughout this time, our engineers have developed breakthrough technologies that have helped make us the leading oil and gas producer in the state," said Bruce Johnson, vice president of Chevron's San Joaquin Valley Business Unit. "The Brightfield solar demonstration facility is a clear example of Chevron's efforts to find ways to integrate innovative technologies into our business."

The companies demonstrating thin-film technologies are Abound Solar, MiaSolé, Schüco, Solar Frontier, Sharp, and Solibro, while the crystalline-silicon photovoltaic technology is provided by Innovalight. Each solar company can access data about its technology, find out how well it performs in various conditions and compare it against a benchmark solar technology — a brand of commercially available solar photovoltaic technology — that has also been installed on the site.

Project Brightfield is Chevron's second completed project that repurposes an existing asset to integrate renewable power. The first was a wind farm on a former Texaco refinery site near Casper, Wyoming, where 11 wind turbines generate 16.5 megawatts of power. A third project — a concentrating solar photovoltaic installation at a Chevron Mining Inc. facility near Questa, New Mexico — is scheduled to be completed by the end of 2010.

Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company's success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.

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Some of the items discussed in this press release are forward-looking statements about Chevron's operations. These statements are based upon management's current expectations, estimates and projections; 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. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. 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.