press release

Union Oil Company of California Announces Purchase Prices in Purchase Offer for Any and All of Its Outstanding Debt Securities

SAN RAMON, Calif., May 17, 2006 -- Union Oil Company of California ("Union Oil"), an indirect wholly owned subsidiary of Chevron Corporation (NYSE: CVX), announced today the purchase prices to be paid pursuant to its Purchase Offer dated May 8, 2006 (the "Purchase Offer") with respect to all of its outstanding debt securities (the "Securities").

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Updated: May 2006