ChevronTexaco Global Lubricants Wins Contract With Hanson Building Materials America

    SAN RAMON, Calif.--April 22, 2003--ChevronTexaco Global Lubricants (CTGL) today announced it has earned both the lubricants and coolants business for Hanson Building Materials America (HBMA), the leading supplier of heavy building materials to the construction industry.
    This preferred supplier relationship further strengthens CTGL within the construction segment and offers HBMA unparalleled access to some of the highest quality products, services, and technology available.
    The multi-year agreement encompasses all divisions within HBMA including aggregates, concrete pipe, brick, sand and gravel, asphalt, and cement throughout North America. The estimated annual revenue generated from both the lubricant and coolant sales will be in excess of $5.7MM.
    One of the benefits HBMA expects to gain in choosing ChevronTexaco as its supplier is the ability to streamline its inventory, resulting in increased efficiencies and lower maintenance downtime. Additionally, HBMA foresees benefits from CTGL's strategic network of lubrication marketers who are positioned to provide extensive coverage to every HBMA facility throughout North America, and all of who support ChevronTexaco's corporate vision to be the global energy supplier most admired for its people, partnership and performance.
    "ChevronTexaco wants to be more than a traditional solutions provider; we offer HBMA true solutions in the areas of inventory management, equipment reliability, increased productivity and management reporting, which are designed to help HBMA realize a decrease in its overall cost of operation," said Brian Schmidt, Team Leader, Commercial and Industrial Off Highway, ChevronTexaco Global Lubricants. "The construction business is fiercely competitive and I am exceptionally proud of our team and the relationship we have forged with HBMA."
    CTGL's award-winning product line is a leader for both the on-highway and off-highway markets. The Delo lubricant line is the only brand to receive the Lubricants World Product of the Year Award for two consecutive years, 1999 and 2000.
    Additionally, Delo Extended Life Coolant offers high-value to customers who must balance performance with cost. The product provides long service life protection, superior corrosion protection, long water pump seal life, and excellent heat transfer.
    "Hanson met a number of companies and determined that CTGL has the best overall lubricants program for our business needs," said Jim Renfro, Director of Procurement, Hanson Building Materials America. "We are in a rapidly changing environment due to new equipment technology and regulatory mandates, and we need a company that can stay ahead of the curve. CTGL demonstrated it can do that with innovative thinking and value added programs beyond just supplying oil. We are looking forward to working with CTGL and seeing how they can help us do what we do even better."

    About Hanson Building Materials America

    Operating in over 450 locations across 27 states, Mexico and the Canadian provinces of Ontario and Quebec, HBMA is the third largest aggregates producer and the third largest ready-mixed concrete producer in America. The company is also the largest producer of brick, concrete pipes, and pre-cast concrete products in North America. For more information, please see http://www.hanson-america.com/inside.htm.

    About ChevronTexaco Global Lubricants

    ChevronTexaco Global Lubricants (CTGL) is a leader in providing lubrication products and solutions to retail consumers, and commercial and industrial customers. Headquartered in San Ramon, CA, CTGL is ranked among the top three global marketers of lubricants, is active in 186 countries and employs 4,000 employees. Its worldwide presence enables the company to be a local provider of superior service with global resources. CTGL is a division of a wholly owned subsidiary of ChevronTexaco Corporation .
    CTGL markets a full line of lubrication and coolant products under the Chevron, Texaco and Caltex brand names. Select brands include Havoline(R), Delo(R), Ursa(R), Revtex(R) and Texaco Xpress Lube(R). The company has patented technology in advanced lubricants products, new generation Base Oil Technology, as well as in more diverse areas such as coolants and crop protection.
    For more information, see http://www.chevrontexaco.com/.

    Cautionary Statement Relevant to Forward-Looking Information for the Purpose of "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995.

    This news release contains forward-looking statements about the relationship between ChevronTexaco and Hanson Building Materials America. The statements are based on management's current expectations, estimates and projections; are not guarantees of future performance; and are subject to certain risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict. Among the factors that could cause actual results to differ materially are the identification of a buyer and timing and terms of the sale of the company's interests; local and general economic conditions; and local political events. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, ChevronTexaco undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.