Chevron Provides Update on Hurricane Katrina

Chevron reports that it safely evacuated all of its offshore employees and contractors from facilities in the U.S. Gulf of Mexico prior to the approach of Hurricane Katrina. Chevron continues to produce some oil and natural gas in the Western Gulf of Mexico region.

Chevron's New Orleans office is temporarily closed and employees and contractors who work there were advised to follow evacuation recommendations made by government agencies where they reside.

As precautionary measures, the company's Pascagoula, Miss. refinery and its Oronite chemical plant in Belle Chasse, La. were both shut down and all personnel were evacuated prior to Katrina making landfall.

Chevron Pipe Line Company safely shut down pipeline facilities and evacuated employees on the Louisiana Gulf Coast ahead of Hurricane Katrina. As of noon Central Time today employees were able to start returning to facilities in the Lafayette, La. area.

Due to the effects of Hurricane Katrina our marketing organization is implementing volume controls at all of its supply terminals in the Eastern U.S. for motor gasoline and diesel until further notice. This will ensure that all our customers have continued access to ratable volumes.

Chevron will begin reconnaissance flights and damage assessments of all facilities in the affected area as soon as conditions permit safe aircraft operations. Teams are ready to deploy to assist with any recovery and remobilization operations as soon as it is safe and allowed by government officials.

Chevron will provide additional information as conditions warrant.