press release

Chevron Press Release - Chevron Chairman Endorses Balanced Budget Agreement

SAN FRANCISCO, May 2, 1997 -- Chevron Chairman Ken Derr today congratulated President Clinton and the Republican Congressional leadership for reaching agreement on a plan to balance the federal budget in five years.

"This is an important step and one that will benefit every American taxpayer in the long run," said Derr. "I congratulate the Clinton Administration and Republican Congressional leaders for their foresight and courage in addressing these major economic issues.

"Although we need to see the details," Derr said, "we feel that balancing the federal budget will be good for the economy and good for the nation. We hope Congress will enact this legislation without delay."

Updated: May 1997