Press Release

08/30/04
Volvo Trucks of North America Selects Chevron Delo Gear Lubricant ESI as Factory Fill for Its VN Model

SAN RAMON, Calif.--(BUSINESS WIRE)--Aug. 30, 2004--ChevronTexaco Products Company, a leading provider of heavy-duty engine oils, lubricants and coolants, today announced that its Chevron Delo(R) Gear Lubricant ESI(R) 80W-90 is now the factory fill gear oil in all Volvo VN heavy-duty trucks requiring extended drain and extended component warranty. The Volvo VN is built by Volvo Trucks North America, Inc. Delo Gear Lubricant ESI, formulated with ISOSYN(R) technology, is a fleet field tested product that offers better iron wear and the same fuel economy as synthetics at lower cost. The product is fully compatible with both synthetic and mineral oil products and can be used to top-off gear oil reservoirs as well as during initial assembly.

The supply agreement is a further example of the strong global relationship the company has with Volvo Trucks. ChevronTexaco Products Company together with its many ChevronTexaco affiliates worldwide is one of Volvo's two global preferred suppliers for lubricants and Volvo's only approved supplier for coolants.

"We've engineered an exceptional product that offers our customers an unbeatable balance of performance and cost," said Gary Parsons, Commercial Automotive Business Unit Manager, ChevronTexaco Products Company. "Volvo's selection of Delo Gear Lubricant ESI, and continued use of other Delo lubricants and coolants, is the latest in a series of OEMs and customers recognizing the superior value of the Delo family of products."

Chevron Delo Gear Lubricant ESI(R) was awarded the 2000 Lubricants World Magazine Product of the Year award and was the first non-synthetic gear oil approved by Eaton and Meritor for 750,0000-mile extended warranty service in axles.

"Volvo Truck customers expect an exceptional level of performance, long life and reliability," said Matt Kelly, executive director -- Marketing, Volvo Trucks. "Lubricants play a vital role in allowing Volvo to exceed its customer's expectations for uptime and performance. We believe that Chevron Delo Gear Lubricant ESI provides a level of performance that will satisfy the requirements of even our most demanding customers."

Exhaustive field and lab testing have proven that Chevron Delo Gear Lubricants ESI provide a wear protection film three to five times thicker than the conventional antiwear film. This patented antiwear technology reduces friction to ensure superior gear protection and cooler operating temperatures. The product maintains thermal stability, contributing to improved fuel economy, longer gear and lubricant life as well as energy conservation.

The Volvo VN is a premium highway truck designed and built for the demanding North American market. The Volvo VN is available in a range of daycab and sleeper configurations, all of which deliver industry-leading efficiency, uptime and productivity, driver comfort, and safety.

Delo Lubricants

Delo(R) 400 Multigrade heavy-duty motor oil is an industry-leading, premium-quality, "universal" engine oil that exceeds the performance requirements of naturally aspirated, turbocharged and supercharged diesel and gasoline engines. It provides outstanding protection in existing and new engines, using low or normal sulfur fuels. It provides excellent soot dispersancy, wear protection and sludge control to guard against loss of engine life and to help reduce fuel and oil consumption. Delo(R) Gear Lubricant ESI and Delo(R) Trans Fluid ESI are the first non-synthetic fluids approved by Eaton for their 750,000 extended warranty program. Delo also offers Delo(R) Grease EP, Delo(R) Synthetic Grease SF and Delo(R) Extended Life Coolant/AntiFreeze (Delo ELC) to round out its complete line of premium heavy-duty lubricants and coolants.

All Chevron Delo products are covered by the Delo Warranty Plus program, which provides bumper-to-bumper protection against any lubricant and coolant related failures.

The Chevron Delo product line is the only brand to receive the Lubricants World Product of the Year Award for two consecutive years, 1999 and 2000, and the Annual Automotive Product Award in 2001. Jim McGeehan, global manager of engine oil technology for ChevronTexaco Products Company, also received Lubricants World's 2002 Person of the Year recognition.

More information on Delo products can be found at: www.chevrondelo.com.

About ChevronTexaco Products Company

ChevronTexaco Products Company is a division of a wholly owned subsidiary of the ChevronTexaco Corporation.

A full line of lubrication and coolant products are marketed thorough this organization under the Chevron, Texaco and Caltex brand names. Select brands include Havoline(R), Delo(R), Ursa(R), Revtex(R) and Texaco Xpress Lube(R). ChevronTexaco Products Company owns patented technology in advanced lubricants products and new generation base oil technology, as well as coolants.

Headquartered in San Ramon, CA, ChevronTexaco Products Company, together with its ChevronTexaco affiliates worldwide, is ranked among the top three global marketers of lubricants, and is active in more than 180 countries through 4,000 employees.

Chevron USA Inc. is a wholly owned subsidiary of ChevronTexaco Corporation (NYSE:CVX).

CONTACT: Cohn & Wolfe
Chip Dehnert, 415-365-8533
chip_dehnert@sfo.cohnwolfe.com

SOURCE: ChevronTexaco Global Lubricants