Chevron Completes Drilling of Relief Well Offshore Nigeria

Chevron Corporation (NYSE:CVX) said that its subsidiary, Chevron Nigeria
Limited (CNL), has sealed and abandoned the shallow water Funiwa 1A
natural gas well after completing the drilling of a relief well.
Production at the North Apoi field, which had been shut in as a
precaution, has also been restored and the field is now producing
approximately 2,000 barrels of oil per day.

Additional background information and previous updates on the incident
are available at www.chevron.com/endeavor/.

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

Kurt Glaubitz, +1-925-790-6928