press release

Paul V. Bennett Named Chevron Treasurer

SAN RAMON, Calif., March 30, 2011 – Chevron Corporation (NYSE: CVX) today announced that Paul V. Bennett has been named vice president and treasurer, effective May 1, 2011. 

"Paul is highly qualified to guide our financing strategies, both for our overall corporate capital structure as well as for our significant development projects. He is broadly experienced in treasury and risk management,  having served in several senior corporate and operating financial positions, including oversight of Chevron's credit and receivables operations," said Patricia E. Yarrington, Chevron's chief financial officer.  "In his current role, Paul was instrumental in helping to streamline our Downstream and Chemicals business and transform it into a more profitable, lower-cost organization."

Bennett, 57, joined Chevron in 1980 as a financial analyst in the Comptroller's department.  Over the course of his career, Bennett assumed finance positions of increasing responsibility, including manager, Tax Compliance and Audits, Chevron U.S.A. Inc.; manager, Logistics and Trading Accounting, Chevron Products Company; vice president, Finance and Administration, P&M Coal Mining Co.; assistant treasurer, Credit and Receivables Management, Chevron Corporation; and general manager, Finance Shared Services, Chevron Services Company.  In 2009, Bennett assumed his current position as vice president of Finance, Downstream and Chemicals.   

Bennett earned his bachelor's degree in history at Wesleyan University in 1975 and his master's degree in finance at the University of California, Berkeley, 1980.  He replaces Pierre R. Breber, who has been appointed deputy managing director of Chevron's Asia South Business Unit in the company's international exploration and production business, which oversees Thailand, China, Cambodia, Vietnam, Bangladesh and Myanmar.

Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide.  The company is involved in virtually every facet of the energy industry.  Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels.  Chevron is based in San Ramon, Calif.  More information about Chevron is available at www.chevron.com.

Updated: March 2011