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ChevronTexaco Global Lubricants Named Caterpillar Inc.'s Worldwide Coolant Supplier

    SAN RAMON, Calif.--Aug. 26, 2002--

Contract Covers Factory Fill and Aftermarket Use For Both Extended Life and Conventional Coolants

    ChevronTexaco Global Lubricants (CTGL) today announced it has signed a three-year contract with Caterpillar Inc, to be Caterpillar's primary coolant/antifreeze provider in North America, Latin America, Asia Pacific, Europe, Africa and the Middle East.
    CTGL's coolant product line is slated for use in several types of Caterpillar equipment, including on-highway heavy-duty diesel engines, stationary engines in marine, power generation and off-highway equipment in the construction and mining industries.
    For the past seven years, Texaco Inc. has provided Caterpillar with quality products and service. With the 2001 merger of Chevron Corp. and Texaco Inc., CTGL has become a leading global lubricants company that can offer its customers more benefits, including technical expertise and logistic solutions for their business needs.
    "The lubricants industry demands that companies have scope and scale to compete effectively," said Conor Marley, vice president, Global Lubricants Solutions. "We are excited that Caterpillar chose ChevronTexaco Global Lubricants to continue providing them with superior products and we look forward to offering them the enhanced services our new company can offer."

    About ChevronTexaco Global Lubricants

    ChevronTexaco Global Lubricants (CTGL) is a division of a wholly owned subsidiary of ChevronTexaco Corporation. Headquartered in San Ramon, Calif., CTGL is a developer and marketer of technologically advanced lubrication products, coolants products and value-added services for a variety of consumer, commercial and industrial applications.
    The company has an extensive R&D Laboratory in Ghent, Belgium that continues to develop breakthrough coolant technology and has earned several patents. The Ghent laboratory is supported by a research facility in Beacon, N.Y., and three additional technology centers throughout the world. For more information, see http://www.chevrontexaco.com/.