Chevron Statement on Ecuador Judgment Enforcement Action

In response to media reports that the Lago Agrio plaintiffs′ lawyers
have initiated recognition and enforcement actions of their fraudulent
judgment in Argentina, Chevron Corporation [NYSE: CVX] issued the
following statement:

'The Ecuador judgment is a product of bribery, fraud, and it is
illegitimate. The company does not believe that the Ecuador judgment is
enforceable in any court that observes the rule of law.

'If the plaintiffs′ lawyers believed in the integrity of their judgment,
they would be seeking enforcement in the United States ? where Chevron
Corporation resides. In the U.S., however, the plaintiffs′ lawyers would
be confronted by the fact that seven
federal courts have made fraud findings related to the plaintiffs′
lawyers′ scheme.?

Note to Editors:

Chevron is defending itself against false allegations that it is
responsible for alleged environmental and social harms in the Oriente
region of Ecuador. Chevron never conducted oil production operations in
Ecuador, and its subsidiary Texaco Petroleum Co. ('TexPet?) fully
remediated its share of environmental impacts arising from oil
production operations, before leaving Ecuador in 1992. After the
remediation was certified by all agencies of the Ecuadorian government
responsible for oversight, TexPet received a complete release from
Ecuador"s national, provincial, and municipal governments that
extinguished all claims before Chevron acquired TexPet in 2001. All
legitimate scientific evidence exonerates Chevron and proves that the
remediated sites pose no significant risks to human health or the
environment.

More information on the plaintiffs′ lawyers′ fraud can be found here.
Additional background on the Ecuador litigation can be accessed here
and here.

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

Kent Robertson, 1 925-790-3819