Chevron Improves Delo Grease EP; Mechanical Stability and Water Resistance Improvements Deliver Longer Service Life and Reduced Costs

SAN RAMON, Calif.--July 27, 2004--ChevronTexaco Global Lubricants, a leading provider of heavy-duty engine oils, lubricants and coolants, today announced a new formulation of its industry leading Chevron Delo(R) Grease EP. The new formulation improves mechanical stability and water resistance, resulting in longer service life and reduced costs for a wide variety of applications. Improvements to Delo Grease EP are part of an ongoing effort to increase the value and extended service capabilities of all Chevron Delo products.

Chevron Delo Grease EP is a technically advanced, extreme pressure grease ideally suited for use in heavy-, medium- and light-duty trucks and busses, off-road construction and mining equipment and automobiles. The product works extremely well on chassis and wheel bearing applications, king pins, transmission cross shaft spring pins, shackle pins, brake cam shafts, u-joints and fifth wheels. Delo Grease EP is formulated with ISOSYN(R) technology, which provides synthetic type performance at a lower cost and is highly recommended for extended service intervals.

"Delo Grease EP is an excellent grease for machinery operating under just about any condition," said Nicole Fujishige, Commercial Automotive Specialist, ChevronTexaco Global Lubricants. "It provides exceptional performance in numerous applications allowing organizations that use it to reduce their inventory by carrying a single grease. With the improvements we've made to the product, we believe that Delo Grease EP, and all the products of the Delo family, provide the best performance and value in the industry."

Chevron Delo Grease EP Benefits:

-- Extreme pressure high load carrying capacity

-- Excellent corrosion and wear protection

-- Excellent water resistance

-- Outstanding low temperature pumpability

-- Excellent high temperature stability

Chevron Delo Greases EP NLGI 1 and 2 far exceeds the requirements of NLGI GC-LB in the areas of extreme pressure and rust protection, making them well suited for the most severe applications and at extended greasing frequencies.

The complete line of Chevron Delo Grease EP grades includes:

-- NLGI 2 for use in normal ambient temperatures

-- NLGI 1 for better pumpability and lower ambient temperatures

-- NLGI 0, 00 for customers with centralized lube systems featuring long runs and/or small size production lines

The new Delo Grease EP formulation is available across North America in standard packages including drums, kegs, pails, and cartridges.

Recent Delo Improvements

Last month ChevronTexaco Global Lubricants introduced a new formulation of its industry leading Chevron Delo(R) 400 Multigrade heavy-duty motor oil. The newly formulated Delo 400 provides improved soot dispersancy and anti-wear characteristics, resulting in superior performance and extended drain intervals in new low-emission engines as well as older on- and off-highway engines. The performance enhancements of the newly reformulated Delo 400 result in improved engine durability and reduced operating costs.

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(R) and Delo(R) Trans Fluid ESI(R) 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(TM) 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.

Chevron Delo products received 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 Global Lubricants, 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 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 180 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 and new generation base oil technology, as well as in more diverse areas such as coolants and crop protection.

For more information go to: www.chevrontexacolubricants.com.