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Press release from Business Wire

Chevron Completes Drilling of Relief Well Offshore Nigeria

<p class='bwalignc'> <i>Funiwa 1 natural gas well has been sealed and abandoned</i> </p> <p> </p>

Monday, June 18, 2012

Chevron Completes Drilling of Relief Well Offshore Nigeria14:16 EDT Monday, June 18, 2012 LAGOS, Nigeria (Business Wire) -- Chevron Corporation (NYSE:CVX) said that its subsidiary, Chevron Nigeria Limited (CNL), has sealed and abandoned the shallow water Funiwa 1A natural gas well after completing the drilling of a relief well. Production at the North Apoi field, which had been shut in as a precaution, has also been restored and the field is now producing approximately 2,000 barrels of oil per day. Additional background information and previous updates on the incident are available at www.chevron.com/endeavor/. Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com. Chevron CorporationKurt Glaubitz, +1-925-790-6928