press release

ChevronTexaco Wins MMS Gulf of Mexico Safety and Employee Corporate Leadership Awards

HOUSTON, April 26, 2005 -- ChevronTexaco has received two of the U.S. Department of the Interior's Minerals Management Service (MMS) 2004 District SAFE Awards for Excellence Honors in the Gulf of Mexico. The MMS New Orleans District presented its District SAFE Award to the company's Gulf of Mexico East Operations group, and the MMS Houma District Office presented a SAFE Award to the company's South Timbalier 52 Field group. Both were in the High Activity category.

"As a top priority at ChevronTexaco we strive to make sure that everyone, employees and contractors, work safely," said Ray Wilcox, President of ChevronTexaco Exploration and Production Company. "These awards highlight our continuing efforts to achieve world class safety and environmental performance throughout the company. We are proud of these awards and the recognition of our safety efforts."

Melody Meyer, vice president of ChevronTexaco's Gulf of Mexico operations, said, "Our goal is safe, reliable, efficient and environmentally sound operations. This award is a testimonial to our employees' and contractors' commitment to safe and incident-free operations, and we appreciate the recognition from the MMS for our success in accomplishing these objectives in the Gulf of Mexico."

At the time of this award, ChevronTexaco's Gulf of Mexico Business Unit had surpassed over five and half million workforce hours without a company or contractor lost workday incident. This is a significant milestone in safe operations.

The MMS awards recognize and commend those operating companies that expend extra effort and conduct their operations in a safe manner, adhering to all regulatory requirements, employing trained and motivated personnel, and taking extra steps to enhance the safety of operations.

ChevronTexaco was also one of four finalists for the National SAFE Award for outstanding 2004 safety performance in its Gulf of Mexico operations as a High Activity Operator.

In addition to the two District SAFE awards, four ChevronTexaco employees received Corporate Leadership Awards. These awards are given annually to individuals who have performed an act or service that enhances MMS mission objectives. The employees are Robert Cody, ChevronTexaco Information Technology Company; Ginger Mika, Gulf of Mexico Health, Environment and Safety; and Daryl Pyne and Kenneth Salter, Chevron Pipe Line Company.

Cody's recognition was for exemplary advice, insight and leadership on electronic data-exchange methodologies, helping MMS's electronic commerce program become a model for the oil and gas industry. Mika's recognition was for invaluable contributions in the design and/or implementation of the eWell Permitting and Reporting Project. Pyne's and Salter's recognition were for extraordinary support to MMS's commercial Royalty in Kind program, especially related to imbalance tools, market trends and oil transportation/quality banks in the Gulf of Mexico.

Established in 1983, the annual MMS SAFE (Safety Award for Excellence) Awards recognize and honor Outer Continental Shelf (OCS) oil and gas operators and contractors that make concerted efforts to train and motivate their employees to conduct offshore operations in a safe manner. The awards are presented in four categories – High OCS Activity, Moderate OCS Activity, Drilling Contractor and Production Contractor.

SAFE Award candidates at the national level are screened using a two-step process composed of statistical analysis and in-depth meetings involving MMS headquarters, regional and district personnel to determine a company's overall performance in the OCS area.

About ChevronTexaco

ChevronTexaco Corporation is one of the world's leading energy companies. With more than 47,000 employees, ChevronTexaco subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products. ChevronTexaco is based in San Ramon, Calif. More information on ChevronTexaco is available at www.chevrontexaco.com.

Updated: April 2005