press release

ChevronTexaco Increases Dividend

SAN RAMON, Calif., April 27, 2005 -- ChevronTexaco Corporation today declared a dividend of 45 cents per share, payable June 10, 2005 to holders of common stock as shown by the transfer records of the Corporation at the close of business May 19, 2005. The dividend rate increased 5 cents per share over the preceding quarter. ChevronTexaco has an unbroken record of annual dividend payment increases of 18 consecutive years.

Updated: April 2005