Chevron Announces Quarterly Dividend

SAN RAMON, Calif., October 27, 2010

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of seventy-two cents ($0.72) per share, payable December 10, 2010, to holders of common stock as shown on the transfer records of the Corporation at the close of business on November 18, 2010.

Chevron Corporation