Bruce Niemeyer Named Chevron’s Corporate Vice President of Strategic Planning

SAN RAMON, Calif.–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) today named Bruce Niemeyer corporate
vice president of Strategic Planning, effective immediately. Niemeyer is
currently vice president of Chevron’s Mid-Continent Business Unit.

In his new role, Niemeyer, 56, will be responsible for setting the
strategic direction for the company, allocating capital and other
resources and determining operating unit performance measures and
targets. He will report to Mark A. Nelson, vice president of Midstream,
Strategy & Policy.

“Bruce has been instrumental in developing Chevron’s business in the
mid-continent United States, including Chevron’s significant Permian
assets,” said Michael K. Wirth, chairman and chief executive officer of
Chevron Corporation. “Bruce’s strong operating background, coupled with
his strategic planning experience, make him exceptionally well-suited to
lead our corporate strategy function as we look to further optimize our
portfolio and position Chevron to win in any price environment.”

Previously, Niemeyer was vice president of the Appalachian/Michigan
Strategic Business Unit. In addition, Niemeyer served as general manager
of strategy and planning for Chevron North America Exploration and
Production Co. He joined Texaco in 2000 from Atlantic Richfield Co.

Niemeyer will be succeeded by Jeff Gustavson, currently president of
Chevron Canada Limited. In his current role, Gustavson is responsible
for Chevron’s upstream interests in Canada, including oil sands,
unconventional resources in Alberta and British Columbia, interests
offshore Newfoundland and Labrador, the proposed Kitimat LNG project,
and assets in the Northwest Territories and Yukon Territory.

Gustavson, 45, joined Chevron in 1999 and has held positions in Finance,
Mergers & Acquisitions, Corporate Strategic Planning, Supply and
Trading, Investor Relations and Upstream, with numerous assignments in
the United States, as well as Venezuela, the United Kingdom and Canada.
He will report to Jeff Shellebarger, president of Chevron North America
Exploration and Production.

Chevron Corporation is one of the world's leading integrated energy
companies. Through its subsidiaries that conduct business worldwide, the
company is involved in virtually every facet of the energy industry.
Chevron explores for, produces and transports crude oil and natural gas;
refines, markets and distributes transportation fuels and lubricants;
manufactures and sells petrochemicals and additives; generates power;
and develops and deploys technologies that enhance business value in
every aspect of the company's operations. Chevron is based in San Ramon,
Calif. More information about Chevron is available at www.chevron.com.

Contacts

Chevron Corporation
Kent Robertson, +1 925-842-1456