press release

ChevronTexaco Increases Dividend

SAN RAMON, Calif., Jul. 30, 2003 -- The Board of Directors of ChevronTexaco Corp. today declared a quarterly dividend of 73 cents per share, payable Sept. 10, 2003, to stockholders of record as of Aug. 19, 2003. The dividend rate increased 3 cents per share over the preceding quarter. ChevronTexaco has an unbroken record of annual dividend payment increases of 16 consecutive years.

Updated: July 2003