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Press release from Business Wire

Chevron Announces 11.1 Percent Increase in Quarterly Dividend

Wednesday, April 25, 2012

Chevron Announces 11.1 Percent Increase in Quarterly Dividend16:00 EDT Wednesday, April 25, 2012 SAN RAMON, Calif. (Business Wire) -- The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of ninety cents ($0.90) per share, payable June 11, 2012, to holders of common stock as shown on the transfer records of the Corporation at the close of business on May 18, 2012. The amount represents an 11.1 percent increase in the company's quarterly dividend. Chairman and CEO John Watson said, "We continue to share our success with our shareholders in the form of meaningful dividend growth. This reflects the strength of our current portfolio and our confidence in the company's compelling growth prospects. Of note, 2012 marks 100 years of continuous dividend payments to our shareholders.” Chevron has increased its annual dividend 25 consecutive years. Chevron CorporationLloyd Avram, 925-790-6930