Press Release

10/31/07
Chevron Announces Quarterly Dividend

SAN RAMON, Calif., Oct. 31 /PRNewswire-FirstCall/ -- The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of 58 cents per share. The dividend is payable December 10, 2007, to holders of common stock as shown by the transfer records of the Corporation at the close of business November 16, 2007.

SOURCE Chevron Corporation

CONTACT: Chevron Media Relations, +1-925-842-0050

Web site: http://www.chevron.com