press release

Chevron Announces 11.5 Percent Increase in Quarterly Dividend

SAN RAMON, Calif., April 25, 2007 -- The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of 58 cents per share, payable June 11, 2007, to stockholders of record as May 18, 2007. The amount represents an 11.5 percent increase in the company's quarterly dividend and marks the 20th consecutive year Chevron has increased its annual dividend payment.

Chevron is one of the world's leading energy companies. With more than 56,000 employees, Chevron subsidiaries conduct 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, Calif. More information about Chevron is available at

Updated: April 2007