SAN RAMON, Calif., Oct. 26 /PRNewswire-FirstCall/ -- ChevronTexaco Corporation announced today that it is offering to purchase for cash any and all of the outstanding shares of 6.00% Series A Non-Voting Cumulative Preferred Stock (CUSIP 166905208) of Chevron Environmental Management Company.

The purchase offer will commence Oct. 26, 2004, and will expire at 5 p.m., California time, Nov. 24, 2004. The purchase offer is made upon the terms and subject to the conditions set forth in the Purchase Offer dated Oct. 26, 2004 (the "Purchase Offer"). Copies of the Purchase Offer can be obtained by contacting ChevronTexaco at 925-842-8062.

ChevronTexaco has retained Goldman, Sachs & Co. to serve as Dealer Manager for the purchase offer. Questions regarding the purchase offer may be directed to Goldman, Sachs & Co. at 800-828-3182.

SOURCE ChevronTexaco Corporation
CONTACT:
ChevronTexaco Media Relations, +1-925-842-0050/
Web site: http://www.chevrontexaco.com /
10/26/2004 09:02 EDT http://www.prnewswire.com