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Chevron Completes Sale of Benelux Fuels Marketing Business to Delek

SAN RAMON, Calif., Aug. 9, 2007 -- Chevron Corporation (NYSE: CVX) today announced the completion of the sale by its subsidiaries in Belgium, the Netherlands and Luxembourg (Benelux) of their fuels marketing business to Dutch company Delek Benelux B.V., a subsidiary of Israeli company Delek Group. The amount paid to Chevron on the close date of August 8, 2007, was USD $516 million, which excludes a final adjustment amount expected to be settled by the end of the year.