Chevron to Offer API CJ-4 and CI-4 Plus Oils in 2007; Both Specifications Made Available to Meet Market Demand

SAN RAMON, Calif.--March 28, 2006--Chevron Products Company, a leading provider of engine oils, lubricants, coolants and related services, today announced its commitment to a two-product strategy with the launch of its new CJ-4 engine oil. Chevron will offer both a CJ-4 and a CI-4 Plus version of its Delo and Ursa branded oils based on customer feedback and expected market demand.

The Delo CJ-4 product, to be known as Delo(R) 400 LE(TM) (Low Emissions) Multigrade SAE 15W-40, will be offered alongside the CI-4 Plus specification oil, Delo(R) 400 Multigrade SAE 15W-40. The new Texaco Ursa CJ-4 product will be known as Texaco Ursa(R) LA(TM) (Low Ash) SAE 15W-40. The company expects to have both CJ-4 products available on October 26, 2006, the API's intended first license date for the new engine oil specification.

"There is a lot of anxiety over new engines, fuels, exhaust treatments and lubricants," said Nicole Fujishige, commercial marketing manager, North America, Chevron Products Company. "It is important for our customers to know they will have one less thing to worry about as 2007 approaches. Historically Chevron has fully embraced each new heavy-duty engine oil specification. In this situation, there is clearly a need to retain the CI-4 Plus oil, while introducing the CJ-4 product. Although backwards compatible, CJ-4 will likely be more expensive than CI-4 Plus and is not required for the off-road market or pre-2007 engines. Based on fleet composition, the majority of Chevron's customers will have a greater need for CI-4 Plus, so we'll keep that product on the market until conditions change."

About Chevron Products Company

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

A full line of lubrication and coolant products are marketed through 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). Chevron owns patented technology in advanced lubricants products and new generation base oil technology, as well as coolants.

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

For more information go to: www.chevron.com