press release

Chevron Restarts Units at Pascagoula Refinery

PASCAGOULA, Miss., Aug. 31, 2007 -- Chevron has successfully restarted several process units previously shut down at its refinery in Pascagoula, Miss., after a fire broke out at the facility on August 16. The fire damage was largely isolated to the No. 2 crude unit. Damage assessment and plans and preparations for the repair work are progressing. Based on preliminary findings, it could take several months to complete repairs.

The company is working to minimize the impact on the refinery's crude suppliers and expects some crude shipments may be cancelled or re-routed to other refineries in the company's global network. Chevron is seeking to optimize the utilization of the refinery while repairs are being made.

The company has covered its supply requirements and fully anticipates meeting all of its customer product commitments.

There were no injuries related to the fire and all refinery employees and contractors were accounted for following the incident.

Chevron is conducting a thorough investigation of the cause of the fire in coordination with the appropriate local, state and federal agencies.

The Pascagoula Refinery is Chevron's largest wholly-owned petroleum refinery, processing an average of 330,000 barrels of crude oil per day and producing a variety of transportation fuels and other refined products.

Chevron is one of the world's leading integrated energy companies. We have approximately 58,000 employees, and our subsidiaries conduct business in more than 180 countries. We operate across the entire energy spectrum - producing and transporting crude oil and natural gas; refining, marketing and distributing fuels and other energy products and services; manufacturing and selling petrochemical products; generating power; and developing and commercializing the energy resources of the future, including biofuels and other renewables. Chevron is based in San Ramon, Calif.

Updated: August 2007