press release

Gary Luquette to Replace Ray Wilcox as President Chevron North America Exploration & Production Company

Moves to Top Post at Chevron Phillips Chemical Company

SAN RAMON, Calif., Feb. 13, 2006 -- Chevron Corporation (NYSE: CVX) said that Raymond I. Wilcox, president of Chevron North America Exploration and Production Co., will retire from the company on March 31, 2006, to become president and chief executive officer of Chevron Phillips Chemical Company LLC, a company owned equally by Chevron and ConocoPhillips. Wilcox will be succeeded by Gary P. Luquette, currently managing director of the European strategic business unit of Chevron International Exploration and Production Co., effective April 1, 2006.

"Over the course of his 38 years at Chevron, Ray distinguished himself as a strong and proven leader," said Chevron chairman and chief executive officer, Dave O'Reilly. "He has demonstrated that he is well prepared to be the next chief executive of Chevron Phillips."

Commenting on Luquette's appointment, George Kirkland, executive vice president for Global Upstream and Gas, said, "Gary's broad experience, both in and outside the United States, makes him exceptionally well-suited to oversee our North American exploration and production activities, especially as we look to maximize and grow the value of our business."

Wilcox, 59, joined Chevron as a design and construction engineer in 1968. He spent the early part of his career in a variety of onshore and offshore production activities in California and Louisiana. He was later appointed managing director of Chevron Asiatic in Melbourne, Australia, in 1990; vice president and general manager of Marine Transportation for Chevron Shipping Co. in 1996; and managing director for Chevron Nigeria Ltd. in Lagos, Nigeria, in 2000. He assumed his current position in January 2002.

Luquette, 50, joined Chevron in 1978 as a design and construction engineer in the company's exploration and production unit in Lafayette, Louisiana. He subsequently held a number of positions of increasing responsibility within Chevron. In 1993, Luquette was named manager of Enhanced Oil Recovery, for P.T. Caltex Pacific Indonesia. In 1996, he returned to the U.S. to become profit center manager of exploration and production for the San Joaquin Valley Profit Center and in 1999 was promoted to vice president in the San Joaquin Valley business unit. He assumed his current position, which is based in Aberdeen, Scotland, in January 2003.

Chevron Corporation is one of the world's leading energy companies. With more than 53,000 employees, Chevron 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. Chevron is based in San Ramon, California. More information on Chevron is available at

Updated: February 2006