Chevron Completes Sale of Benelux Fuels Marketing Business to Delek

San Ramon, California (ots/PRNewswire) - Chevron Corporation
(NYSE: CVX) today announced the completion of the sale by its
subsidiaries in Belgium, the Netherlands and Luxembourg (Benelux) of
their fuels marketing business to Dutch company Delek Benelux B.V., a
subsidiary of Israeli company Delek Group. The amount paid to Chevron
on the close date of August 8, 2007, was USD $516 million, which
excludes a final adjustment amount expected to be settled by the end
of the year.

Under the previously announced share sale agreement, Delek Benelux
B.V. acquired Chevron's Benelux fuel marketing operations, which
include 803 Texaco(R)-branded service stations, two fuel terminals in
Belgium and Luxembourg, interests in six joint-venture retailers in
the Netherlands, as well as other related assets.

Chevron will retain its lubricants, aviation, fuel and marine
marketing, Oronite additives and upstream businesses in Europe.

Chevron Corporation is one of the world's leading energy
companies. With approximately 56,000 employees, Chevron subsidiaries
conduct business in approximately 180 countries around the world,
producing and transporting crude oil and natural gas, and refining,
marketing and distributing fuels and other energy products. Chevron
is based in San Ramon, Calif. More information on Chevron is
available at http://www.chevron.com.

CAUTIONARY STATEMENT RELEVANT TO FORWARD-LOOKING INFORMATION FOR
THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995.

This news release contains forward-looking statements about the
sale of Chevron's fuels marketing interests in the Netherland,
Belgium and Luxembourg. The statements are based on management's
current expectations, estimates and projections; are not guarantees
of future performance; and are subject to certain risks,
uncertainties and other factors, some of which are beyond the
company's control and are difficult to predict. You should not place
undue reliance on these forward-looking statements, which speak only
as of the date of this press release. Unless legally required,
Chevron undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.

ots Originaltext: Chevron Corporation
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Contacts: Stephanie Price, San Ramon, Calif, +1-925-683-5074; Amy
Cameron, London, +44-(0)207-719-4477