press release

Chevron Press Release - Chevron Announces Eight Percent Dividend Increase 1996-07-31

SAN FRANCISCO, July 31, 1996 -- Chevron Corp. announced that the Board of Directors voted today to increase the quarterly dividend of 50 cents per share on the company's common stock by 4.00 cents a share, or eight percent, to 54 cents a share. This dividend increase brings Chevron's annual dividend rate to $2.16 a share, up from $2.00.

The dividend is payable Sept. 10 to stockholders of record at the close of business Aug. 15.

Updated: July 1996