press release

Chevron Announces 12.1 Percent Increase in Quarterly Dividend

SAN RAMON, Calif., Apr. 30, 2008 - The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of $0.65 cents per share, payable June 10, 2008, to stockholders of record as May 19, 2008. The amount represents a 12.1 percent increase in the company's quarterly dividend and marks the 21st consecutive year Chevron has increased its annual dividend payment.

Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business across the globe. The company's success is driven by the ingenuity and commitment of approximately 59,000 employees who operate across the energy spectrum. Chevron 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 and commercializes the energy resources of the future, including biofuels and other renewables. Chevron is based in San Ramon, Calif. More information about Chevron is available at

Updated: April 2008