Press Release

10/29/03
ChevronTexaco Declares Dividend

SAN RAMON, Calif., Oct. 29 -- The Board of Directors of ChevronTexaco Corp. (NYSE: CVX) today declared a quarterly dividend of 73 cents per share, payable Dec. 10, 2003, to stockholders of record as of Nov. 18, 2003. The dividend rate is unchanged from the preceding quarter.

SOURCE ChevronTexaco Corp.