Penske Selects Chevron Delo as Sole Lubricant Supplier in North America

San Ramon, Calif., Oct. 2, 2006 - Chevron Products Company announced Penske Truck Leasing selected the company as its sole North American lubricant supplier. Penske Truck Leasing, one of the largest transportation services companies, will entrust the lubrication needs of over 200,000 class 6-8 trucks, operating in North America, to the Chevron Delo brand. Penske Truck Leasing will use members of the Chevron Delo product family, including its flagship Delo(r) 400 Multigrade SAE 15W-40 engine oil.

"We feel privileged and honored to be selected as Penske Truck Leasing's lubrication supplier," commented Tony Arado, Chevron's manager of commercial and industrial direct sales. "We believe our lubrication technology and product performance can help improve Penske's already impressive results regarding equipment life, uptime and profitability."

Under the agreement, Chevron will provide Delo lubricants, solutions and market knowledge to over 700 Penske Truck Leasing locations across North America.

"We considered many factors in selecting Chevron as our lubricants supplier," said Marc Althen, Senior Vice President, Administration & Facilities, Penske Truck Leasing. "We needed a supplier that has proven the quality of its products on the road and the ability to provide exceptional service levels. We also sought a supplier with expertise related to the complicated issues surrounding the new emissions regulations."

"Penske makes this choice at a time when the transportation industry is looking to suppliers for added value in the form of reduced operating costs and expert consultancy - Chevron people and products have a long history and proven track record of helping customers successfully address their fleet maintenance goals and objectives," stated Mike Dargento, global commercial sector manager for Chevron.

About Penske Truck Leasing

Penske Truck Leasing., LP., headquartered in Reading, Pa., is a joint venture of Penske Corporation and General Electric. A leading global transportation provider, Penske operates more than 216,000 vehicles and serves customers from over 1,000 locations in North America, South America, Europe and Asia. Penske's products include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management and supply chain management solutions. Visit www.GoPenske.com <http://www.gopenske.com/> to learn more about its products and services.

About Chevron Products Company

Chevron Products Company is a division of a wholly-owned subsidiary of the Chevron Corporation . The company markets a full line of lubrication and coolant products under the Chevron, Texaco and Caltex brand names.

Select brands include Delo(r), Ursa(r), Havoline(r) and Revtex(r) brand names. Chevron Products Company owns patented technology in advanced lubricants products, new generation base oil technology and 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.

For more information, go to: www.chevron.com