press release

ChevronTexaco Declares Dividend

SAN RAMON, Calif., Jan. 29, 2003 -- The Board of Directors of ChevronTexaco Corp. today declared a quarterly dividend of 70 cents per share, payable March 10, 2003, to stockholders of record as of Feb. 14, 2003. The dividend rate is unchanged from the preceding quarter. ChevronTexaco has an unbroken record of annual dividend increases of 15 consecutive years.

Updated: January 2003