Press Release

01/28/04
ChevronTexaco Declares Dividend

SAN RAMON, Calif., Jan 28, 2004 -- The Board of Directors of ChevronTexaco Corp. (NYSE: CVX) today declared a quarterly dividend of 73 cents per share, payable March 10, 2004, to stockholders of record as of Feb. 18, 2004. The dividend rate is unchanged from the preceding quarter.

SOURCE ChevronTexaco Corp.