Chevron Issues 2010 Corporate Responsibility Report

Chevron Corporation (NYSE:CVX) achieved its safest year in company
history, reduced its total energy consumption by 33 percent compared
with 1992 levels, invested $197 million in communities around the world,
and spent more than $2 billion with small U.S. businesses, according to
the company's 2010 Corporate Responsibility Report issued today.

'Energy is essential to human progress ? it creates jobs, fuels
innovation and powers virtually every element of the global economy,?
said Chairman and Chief Executive Officer John Watson. 'Providing that
energy safely, reliably and economically is a great responsibility that
we take seriously.?

Chevron′s 2010 Corporate Responsibility Report highlights companywide
performance including safety, environmental stewardship, social
investments and human rights. Specific results in these categories
include:

• 
  Chevron′s workforce had its safest year ever, reducing its Total
  Recordable Incident Rate by 10 percent and Days Away From Work Rate by
  40 percent when compared with 2009.
  
• 
  Chevron reduced its total energy consumption by 33 percent compared
  with 1992 levels. In addition, Chevron Energy Solutions′ projects
  reduced energy use by an average of nearly 30 percent for its
  customers.
  
• 
  Chevron contributed $197 million in social investments, mainly in
  health, education and economic development in 2010. Examples of
  significant investments include the following.
  
  
  • Health: Chevron′s initial $30 million investment in the
    Global Fund to Fight AIDS, Tuberculosis and Malaria helped reach
    as many as 3.4 million people through HIV/AIDS prevention programs
    between 2008 and 2010. Chevron has extended its commitment to the
    Global Fund with an additional $25 million.
    
  • Education: Chevron′s California Partnership expanded
    investments in science, technology, engineering and math
    education, reaching more than 245,000 students and 3,900 teachers.
    In addition, Chevron provided approximately $18 million in funding
    through its University Partnership Program to help further develop
    the professionals who will be needed in the energy industry.
    
  • Economic Development: Chevron launched the Niger Delta
    Partnership Initiative, with an initial investment of $50 million
    for economic development, conflict resolution and capacity
    building in the region.
    
• 
  Chevron′s support of small businesses in regions where the company
  operates is part of its economic development efforts. During 2010 in
  the United States alone, Chevron spent $2 billion with small U.S.
  businesses. Chevron spent $364 million on products and services with
  women-owned businesses and $254 million with minority-owned businesses.
  
• 
  Through ongoing stakeholder engagement, Chevron is promoting respect
  for global human rights. To emphasize its own commitment, Chevron
  developed plans and provided resources to implement its Human Rights
  Policy. The Human Rights Campaign Corporate Equality Index gave
  Chevron a 100 percent rating for the sixth consecutive year.
  

'We recognize that business success is deeply linked to society′s
progress,? added Watson. 'Our investments in communities ? developed in
partnership with those communities ? also are investments in the
long-term success of our company.?

Chevron′s ninth annual Corporate Responsibility Report demonstrates
Chevron′s focus on creating mutual benefit and shared progress in seven
geographic areas where some of its most important projects are located.

• Western Australia: Chevron′sstrong environmental
  performance has allowed the company to expand operations, resulting in
  benefits to its business and the Australian economy. Through its
  Gorgon Project, the company expects approximately 10,000 jobs to be
  created at peak construction and an estimated $56 billion to flow into
  Australia′s gross domestic product.
  
• Angola: Chevron′s partnerships in Angola focus on improving
  livelihoods and fostering a stable operating environment. Chevron
  supported a program to vaccinate approximately 624,000 people against
  an outbreak of polio, provided technical assistance and microfinancing
  to local businesses and helped launch an entrepreneurship curriculum
  for students. Through Chevron′s partnership with Banco Africano de
  Investimentos Micro Finanças, micro and small entrepreneurs received
  $9.9 million.
  
• Richmond, California: Chevron and the community are continuing
  to work together to overcome challenges. Chevron granted $3.7 million
  to local nonprofits to meet needs in education, economic development
  and job training. Chevron′s Richmond Refinery has reduced regulated
  air emissions by 70 percent since the 1970s, which includes a decrease
  in flaring by more than 97 percent since 2007. In addition, more than
  60 percent of the water used daily at the Richmond Refinery is treated
  or reclaimed.
  
• Kazakhstan: Supporting local suppliers and developing a skilled
  workforce is fostering beneficial economic and social change.
  Tengizchevroil, in which Chevron is a 50 percent partner, has spent
  $645 million on social programs since 1993.
  
• U.S. Gulf of Mexico: Combining technological expertise with a
  culture of safe, efficient and reliable operations has positioned
  Chevron as a leader in the deepwater Gulf of Mexico. Following the BP
  Macondo incident, Chevron demonstrated this leadership by leading the
  joint-industry task force to raise industry standards to even higher
  levels. It also responded to community needs by providing $10 million
  to five Gulf Coast community organizations that participated in
  environmental and economic relief.
  
• Nigeria: In addition to the Niger Delta Partnership Initiative,
  Chevron contributed more than $10 million to eight new projects, whose
  benefits now reach more than 400 communities and involve more than
  600,000 people.
  
• Indonesia: Chevron continued tostrengthen economic
  opportunities that benefit local communities through microfinance,
  training and support programs for farmers and continued sponsorship of
  polytechnic universities in Aceh and Riau provinces. Chevron′s
  Local Business Development Program has helped participants grow their
  businesses from $1.3 million in 2001 to more than $123 million in 2010.
  

For more information on corporate responsibility or the case studies
above, read the full 2010 Corporate Responsibility Report at www.chevron.com/corporateresponsibility.

Chevron is one of the world′s leading integrated energy companies, with
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
petrochemical products; generates power and produces geothermal energy;
provides energy efficiency solutions; and develops the energy resources
of the future, including biofuels. Chevron is based in San Ramon, Calif.
More information about Chevron is available at www.chevron.com.

Chevron Corporation

Brent Tippen, +1 925-842-0456

Brent.Tippen@chevron.com