press release

Chevron Press Release - V.P. Bill Crain Will Retire

SAN FRANCISCO, July 1, 1994 -- Chevron Corp. today announced that William E. Crain, a director and corporation vice president for exploration and production (E&P), will retire Aug. 31 after a distinguished 37-year career. Crain turns 65 in late August.

As vice president, Crain has led E&P through a period of massive change as this sector reorganized, decentralized its operations and high-graded its holdings while shifting emphasis to international ventures. As a member of Chevron's executive team, Crain has served on the Board of Directors and the Executive, Planning and Management Development committees.

Effective Sept. 1, Chevron U.S.A. Production Co., Chevron Overseas Petroleum Inc., Chevron Canada Resources and Chevron Petroleum Technology Co. will report directly to Vice Chairman Dennis Bonney.

Crain's retirement will reduce to 11 the number of directors on the Chevron Corporation board. Replacing Crain on the board of Caltex Pacific Indonesia (CPI) and American Overseas Ltd. (Amoseas) will be Lloyd E. Elkins, vice president, environmental affairs and services and a director of Caltex Petroleum Corporation. CPI and Amoseas are 50-percent-owned Chevron exploration and production affiliates.

Crain joined Chevron in 1957. He held management positions in exploration, including chief geologist, Gulf of Mexico, and exploration manager, Alaska. In 1980, he was named general manager, exploration, for the western United States.

In 1985, he became vice president, exploration, for the United States. He headed the team in charge of combining the extensive oil and gas holdings of Chevron and Gulf Oil after the two companies merged. In 1986, he was named senior vice president for all U.S. exploration and production. He attained his present position in 1988.

Crain is a director of the American Geological Institute Foundation and the San Francisco Exploratorium. He is a member of the American Association of Petroleum Geologists, the Society of Exploration Geophysicists and the World Affairs Council, and is chairman of the Stanford University Earth Sciences Advisory Board.

Updated: July 1994