Chevron Issues 2011 Corporate Responsibility Report

Chevron Corporation (NYSE: CVX) achieved one of the best safety records
in the industry, reduced flaring and venting in its operations by 33
percent compared with 2003 levels, invested $209 million in communities
where it operates, and spent more than $2.1 billion on goods and
services from small U.S. businesses, according to the company′s 2011
Corporate Responsibility Report.

'Affordable energy is a cornerstone of human progress and economic
prosperity,? said Chairman of the Board and Chief Executive Officer John
Watson. 'In producing and delivering energy, our goal is to ensure that
our operations and social investments create measureable and enduring
value to the communities where we operate.?

Chevron′s 2011 Corporate Responsibility Report highlights the company′s
performance in such areas as safety, environmental stewardship, health,
education, economic development and human rights. Top achievements in
the report include:

• 
  Chevron continued its strong workforce safety performance in 2011,
  maintaining its industry-leading rate of recordable injuries level
  from 2010 -- the best year for safety performance in the company′s
  history. This success reflects Chevron′s long-term commitment to
  continually reduce and eliminate all incidents and injuries, and
  implement specific initiatives such as company-wide process safety
  standards.
  
• 
  Chevron has taken significant steps to conserve energy resources,
  including commercializing previously flared natural gas and improving
  energy efficiency of its global operations by 34 percent since 1992.
  
• 
  Chevron invested over $200 million to support community programs
  around the world, with a focus on health, education and economic
  development.
  
  
  • Health: Chevron pledged $20 million over five years to
    support a global action plan to eliminate mother-to-child
    transmission of HIV.
    
  • Education: Chevron′s Energy for Learning program has
    supported the education of thousands of children and adults in
    countries such as China, Malaysia, New Zealand, Pakistan, the
    Philippines, Singapore, South Africa, Thailand and the United
    Kingdom.
    
  • Economic Development: The company launched theChevron-Liberia
    Economic Development Initiative, delivering sustainable benefits
    to women, children and youths by helping to fund 36 projects in
    hospitals, vocational training centers, schools and communities.
    
• 
  Chevron′s investmentsin local suppliers and contractors helped
  foster economic development in countries where it operates. In the
  United States last year, the company spent $2.1 billion with small
  businesses and over $800 million for goods and services with women-
  and minority-owned businesses.
  
• 
  Chevron continued its commitment to respecting global human rights.
  The company began global implementation of its Human Rights Policy to
  foster greater awareness of human rights issues throughout the company
  and enhance capabilities to manage them. The Human Rights Campaign
  Corporate Equality Index gave Chevron a 100 percent rating for the
  seventh consecutive year.
  

In a recent Fortune Magazine survey of 'The World′s Most Admired
Companies,? Chevron ranked among the top 10 in social responsibility and
first among peers in the petroleum refining industry.

The company′s report contains compelling examples of significant
initiatives from across the globe. One example is in Nigeria, where
Chevron continued to provide jobs and sustainable economic development
while fostering innovative multistakeholder partnerships and
socioeconomic investment models. Chevron′s Global Memorandum of
Understanding program in the Niger Delta has delivered more than 200
projects in 425 communities, villages and chiefdoms benefiting some
850,000 people. Chevron launched the Niger Delta Partnership Initiative
and announced a five-year, $50 million endowment, including a
partnership with USAID, to build capacity and promote long-term economic
sustainability.

Other examples of significant corporate responsibility activity include
launching the Green Corridor Initiative in Indonesia to plant 250,000
trees over the next five years, partnering withorganizations in
Colombia to build health clinics and develop water wells to supply
100,000 people, and investing nearly $100 million in education across
California and the United States between 2009 and 2011.

For more information on Chevron′s corporate responsibility or the case
studies above, read the full 2011 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

Gus Santoyo, +1 925-790-6401 (San Ramon)

gsantoyo@chevron.com