press release

The "Chevron 5,000,000 Mile Rideshare Challenge" Launches in Washington, D.C. and Rewards Participating Commuters

Innovative initiative targeted to conserve 200,000 gallons of gasoline and result in 2,100 fewer tons of carbon-dioxide emissions

WASHINGTON, D.C., Feb. 28, 2006 -- Chevron Corporation, one of the world's leading energy companies, today announced the launch of the "Chevron 5,000,000 Mile Rideshare Challenge," an event that will leverage Web-based technology to match riders with drivers in Greater Washington, D.C., to help alleviate traffic congestion and conserve fuel. The event will conclude with closing ceremonies in the fall, when the overall goal is achieved.

The initiative is part of Chevron's partnership with NuRide, Inc. (www.nuride.com), the nation's first incentive-based rideshare network. NuRide's innovative online program lets individuals use NuRide's patent-pending technology to find the ideal partner with whom to share a single ride for work or pleasure. Subscribing to the philosophy that people sharing rides provide a valuable service to their community, NuRide offers its members rewards each time they use the ridesharing program. By accumulating "NuRide Miles," members earn enough points to acquire gift cards and gift certificates from a variety of corporate sponsors.

"Chevron is proud to sponsor the 'Chevron 5,000,000 Mile Rideshare Challenge,' which rewards area commuters for helping to reduce traffic congestion and to conserve energy," Lisa Barry, Chevron vice president and general manager of Government Affairs, said. "We believe energy efficiency and conservation -- whether through ridesharing or other forms -- provide the easiest, cheapest and most dependable source of 'new' energy available today."

NuRide approached Chevron because of its "willyoujoinus.com" campaign, which encourages people to engage in discussions about important issues facing the energy industry, such as energy supply and demand, the role of alternative and renewable energy sources, and energy efficiency and conservation. In addition, Chevron is actively engaged in developing new and renewable sources of energy, and also has a very successful energy services company that provides public institutions and businesses with environmentally sound projects that increase energy efficiency, and reduce energy costs.

"The clear connection between Chevron's efforts toward energy conservation and our ridesharing program was immediately obvious to both companies," said Rick Steele, NuRide's co-founder and CEO. "We are very excited that Chevron is taking such a leadership role to help alleviate traffic congestion and reduce carbon-dioxide emissions and air pollution in the nation's capital."

As one of the leading members of the NuRide Network®, Chevron will become a "Million Mile" reward sponsor, providing gift cards worth up to $100 toward a tune-up, which in turn will help improve fuel efficiency for participating NuRide commuters. Every time a Chevron rewards gift card is selected, the company will make a small donation to a local environmental non-profit group. Chevron will also become a "500,000 Mile" trip sponsor, directly promoting more than 13,000 ridesharing trips taken by NuRide members.

According to transportation statistics, the percentage of individuals who drive alone in the United States has reached a record high of nearly 80 percent, while traditional carpooling, transit and other alternatives have experienced a steady decline for decades. Studies show that today's commuters need another alternative, ideally one that provides incentives, flexibility and control. These three characteristics form the foundation of the NuRide Network®.

Since its inception in 2002, NuRide has eliminated nearly 8,000,000 road miles, primarily during high-density rush hours, when stop-and-start traffic reduces gas mileage and increases pollution. In the process, NuRide has prevented more than 3,300 tons of carbon dioxide from being released into the atmosphere.

About Chevron

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 also commits $300 million annually on clean and renewable energies. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.

About NuRide, Inc.

A Herndon, Va.-based company, NuRide was founded on the belief that individuals who share rides provide a valuable service to their community and should be rewarded for their efforts. Through the patent-pending NuRide Network®, individuals can now easily arrange ridesharing trips and earn rewards for every confirmed trip they take. Members accumulate "NuRide Miles" that can be used toward a variety of exclusive rewards that are made possible through the generosity of NuRide's sponsors. For more information, please visit www.nuride.com.

Updated: February 2006