press release

Chevron and USAID to Support Vocational Training in Tsunami-Affected Indonesian Province

Aceh Polytechnic to provide vocational training for youth in support of reconstruction in the province

JAKARTA, Indonesia, April 23, 2007 -- Chevron Corporation (NYSE: CVX), the government of Aceh, the Rehabilitation and Reconstruction Agency for Aceh and Nias, and the United States Agency for International Development (USAID) today announced plans to develop a polytechnic institute in Aceh province, Indonesia.

A memorandum of understanding has been signed by the four parties during a ceremony at the site of the proposed vocational training facility in the provincial capital city of Banda Aceh. The initiative follows a short-term vocational training program that enabled 350 students from Aceh and Nias to graduate from Politeknik Caltex Riau, the Chevron-supported polytechnic facility in Riau province.

The proposed Aceh Polytechnic is part of the Vocational Training Alliance for Aceh, a $10 million commitment from Chevron and USAID to support vocational training needs in the province. The Alliance supports the government of Indonesia's plan to assist in restoring people's livelihoods following the tsunami of December 26, 2004.

The Aceh Polytechnic is expected to provide vocational training in applied technology fields such as information technology, electronics telecommunication and business accountancy, which are critical to the continued reconstruction and development in the province.

John Watson, president of Chevron International Exploration and Production, commented, "This demonstrates Chevron's continued long-term commitment to reconstruction in Aceh, leveraging our collective strengths and capabilities for the benefit of Indonesia." Chevron Corporation has had a presence in Indonesia since 1924, when it began exploration activities through its wholly owned subsidiary PT. Chevron Pacific Indonesia.

"This partnership reconfirms the American people's commitment to helping those whose lives were disrupted by the tsunami," said William Frej, USAID mission director to Indonesia.

Plans for the Aceh polytechnic were welcomed by the governor of Aceh, Irwandi Yusuf: "I enthusiastically endorse the plans for Aceh Polytechnic, which will help meet many of the needs that have been identified in the government's blueprint for the reconstruction of Aceh and Nias. I applaud both Chevron and USAID for their commitment to developing the capacity of the Acehnese people in the reconstruction process."

Chevron Corporation is one of the world's leading energy companies. With more than 56,000 employees, Chevron conducts 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, California. More information on Chevron is available at www.chevron.com.

Updated: April 2007