Chevron Provides Update on Hurricane Katrina

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SAN RAMON, Calif., Aug. 29 /PRNewswire-FirstCall/ -- Chevron (NYSE: CVX)
today announced that it safely evacuated all of its offshore employees and
contractors from facilities in the U.S. Gulf of Mexico prior to the approach
of Hurricane Katrina. Chevron continues to produce some oil and natural gas in
the Western Gulf of Mexico region.
Chevron's New Orleans office is temporarily closed and employees and
contractors who work there were advised to follow evacuation recommendations
made by government agencies where they reside.
As precautionary measures, the company's Pascagoula, Miss. refinery and
its Oronite chemical plant in Belle Chasse, La. were both shut down and all
personnel were evacuated prior to Katrina making landfall.
Chevron Pipe Line Company safely shut down pipeline facilities and
evacuated employees on the Louisiana Gulf Coast ahead of Hurricane Katrina.
As of noon Central Time today employees were able to start returning to
facilities in the Lafayette, La. area.
Due to the effects of Hurricane Katrina our marketing organization is
implementing volume controls at all of its supply terminals in the Eastern
U.S. for motor gasoline and diesel until further notice. This will ensure that
all our customers have continued access to ratable volumes.
Chevron will begin reconnaissance flights and damage assessments of all
facilities in the affected area as soon as conditions permit safe aircraft
operations. Teams are ready to deploy to assist with any recovery and
remobilization operations as soon as it is safe and allowed by government
officials.

Chevron will provide additional information as conditions warrant.