press release

Chevron Mourns Passing of Former Chairman and CEO Harold J. "Bill" Haynes

SAN RAMON, Calif., July 8, 2009 - David J. O'Reilly, chairman and chief executive officer of Chevron Corporation (NYSE: CVX) commented today on the death of Harold J. "Bill" Haynes, the company's former chairman of the board and chief executive officer. Haynes, 83 passed away today.

"Bill drove tremendous growth in the company and solidified its preeminent position in the industry by the time of his retirement," said O'Reilly. "He left an indelible mark on our company, and our industry, by encouraging open dialogue and challenging conventional thinking. He ushered in a new era of communication between the industry, public and news media on energy issues that was truly trendsetting. I speak for our board of directors and employees in saying we are deeply saddened by his passing."

Former Chevron Chairman and CEO Harold J. Haynes

Former Chevron Chairman and CEO Harold J. Haynes (Chevron Photo)

Haynes joined Standard Oil Company of California (later to become Chevron Corporation) in 1947. Early in his career, he was identified as a promising executive and rose rapidly through the ranks. In 1956, he was named chief engineer of the company's producing affiliate in Venezuela; in 1958, he became vice president of that operation. In 1962, he was named vice president of Standard's largest subsidiary, which was also one of the largest companies in the United States. Haynes was elected to the board of directors in 1966 and was elected president of the company in 1969. He assumed the post of board chairman in 1974 and retired in 1981.

A native of Fort Worth, Texas, Haynes graduated as a civil engineer from Texas A&M University in 1947 after serving with the U.S. Navy in World War II. He received Texas A&M's Distinguished Alumni Award in 1972, the university's first Geosciences and Earth Resources Medal for Distinguished Achievement in 1978, the Distinguished Graduate award from the Department of Civil Engineering in 2000, and the university's Dwight Look College of Engineering Outstanding Alumni Honor Award in 2004.

Haynes served as chairman of Bechtel's board of counselors and as a director of Bechtel Group, Inc. He was also a director of Fremont Group, a private investment company. Past directorships included Saudi Arabian Oil Company (Saudi Aramco), Citicorp-Citibank, Hewlett-Packard, The Boeing Company, Weyerhaeuser and PACCAR Inc. He also served as a member of the Business Council.

Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company's success is driven by the ingenuity and commitment of approximately 62,000 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 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 www.chevron.com.

Updated: July 2009