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Press Release

Chevron El Segundo Refinery Selects Track™ to
Manage Contract Turnaround Costs
Houston, Texas — February 2007

Chevron Corporation Chevron Corporation (NYSE: CVX) announced that it has selected market-leading Track™ software, created by Management Controls, Inc., to manage contract cost and performance during a large turnaround at its El Segundo refinery in the Los Angeles, CA area.

This is a new customer for Management Controls, Inc. According to Bill Crowley, Vice President of Sales for Management Controls, “Chevron’s objectives for selecting Track were to reduce costs, enable automated contract compliance and bolster its contractors’ reporting capabilities.”

Track has been successfully implemented and is providing measurable value for the Chevron Turnaround group.

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About Management Controls, Inc. – Track™ software, created by Management Controls, Inc., automates the business processes of service-based contracts – from project time-keeping through invoicing – and delivers actionable information that clients and contractors require to complete projects on-time and on-budget. This market-leading software accurately validates, calculates and compiles the hours and costs of contracted work, delivering project status on a shift basis. Using this real-time information, owners and contractors work collaboratively to manage projects more effectively – for their mutual and individual benefit. For more information, go to www.tracksoftware.net.

About Chevron Corporation – Chevron is one of the world's leading energy companies. With approximately 56,000 employees, Chevron subsidiaries conduct business in more than 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 about Chevron is available at www.chevron.com.

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