press release

Chevron Overseas Names Bill Edman President Of Chevron Latinoamerica, S.A.

CARACAS, Jan. 6, 1999 -- Chevron Overseas Petroleum Inc., (COPI), the division of Chevron Corp. responsible for all upstream activities outside the North American continent, today named William D. "Bill" Edman president of Chevron for Latin America, succeeding David Steele Figueredo who recently elected early retirement.

In his new position, Edman, 58, will be headquartered in Caracas and will oversee Chevron's oil and gas exploration and production, project development and new business ventures in Latin and South America. Caracas-based Chevron Latinoamerica has oversight responsibilities for the company's operations in Venezuela, Colombia, Bolivia and Brazil.

Prior to his new assignment, Edman was president of Chevron Canada Resources, which is responsible for oil and gas exploration, production and marketing of crude oil, natural gas and natural gas liquids in Canada.

A native of Houston, Edman earned bachelor and master degrees in petroleum engineering from Texas A&M University in 1963 and 1965, respectively. Having joined the company in 1964 as a petroleum engineer in Gainesville, Texas (with what was at that time the Standard Oil Company of Texas), Edman brings more than 35 years of experience and expertise to Chevron Overseas' Latin American division.

Moving through positions of increasing responsibility in various domestic and international operations, Edman was named general manager of international operations for COPI in 1989. He went on to become managing director of COPI's operations in the former Soviet Union in 1990, and subsequently was named vice president, production, for the entire Chevron Overseas division.

From 1992 to 1996, Edman served as managing director of Chevron Nigeria Ltd., the entity which produces more than one-fifth of that country's crude oil, and is operator of the environmentally significant Escravos Gas Project. Edman was named president of Chevron Canada Resources in November 1996.

Edman is a member of the Society of Petroleum Engineers, the American Association of Petroleum Geologists, and a registered professional engineer in the state of Texas.

Edman and his wife, Sara, have three grown children. The Edmans will soon be relocating to Caracas from their current residence in Calgary, Alberta.

Updated: January 1999