press releaseChevron Announces Increase in Quarterly Dividend

• Record annual net oil-equivalent production of 2.93 million barrels per day, 7 percent higher than a year earlier; 4 to 7 percent growth targeted for 2019 • Reserves replacement of 136 percent • Dividend increase of $0.07 per share • Share repurchases of $1.0 billion in fourth quarter

SAN RAMON, Calif., January 30, 2019 The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and nineteen cents ($1.19) per share, payable March 11, 2019, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 15, 2019.

This increase puts Chevron on track to make 2019 the 32nd consecutive year with an increase in annual dividend payout.

Published: January 2019