U.S.-Ukraine Business Council (USUBC), Wash, D.C., Wed, Aug 5, 2009

WASHINGTON, Aug. 5 /PRNewswire-USNewswire/ -- Chevron, one of the world's largest integrated energy companies, has been approved for membership in the U.S.-Ukraine Business Council (USUBC), the USUBC executive committee announced today on behalf of the entire USUBC membership of over 100 companies and organizations who have international business operations and investments in Ukraine. Headquartered in San Ramon, California, Chevron conducts business in more than 100 countries.

Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; 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 and other renewables.

GLOBAL SCOPE

Chevron's diverse and highly skilled workforce consists of over 60,000 employees worldwide. In 2008, Chevron produced 2.53 million barrels of net oil-equivalent per day. About 75 percent of that volume occurred outside the United States in more than 20 different countries. Chevron had a global refining capacity of more than 2 million barrels of oil per day at the end of 2008.

Chevron's marketing network supports more than 22,000 retail outlets on six continents and they have invested in 13 power-generating facilities in the United States and Asia.

CHEVRON AND USUBC

Thomas R. Bard, Exploration and New Ventures Manager - Eurasia, San Ramon, CA, will represent Chevron on the USUBC board of directors. USUBC will also be working closely with Diana Sedney, Manager, International Relations, Policy, Government and Public Affairs, Chevron, Washington D.C. and Kosta Jovanovic, Commercial Manager, Chevron Corporate Business Development.

TECHNOLOGY AND EMERGING ENERGY

Technology is propelling Chevron's growth with a focus on technologies that improve their chances of finding, developing and producing crude oil and natural gas. They also are investing in the development of emerging energy technologies - such as finding better ways to make nonfood-based biofuels, creating hydrogen fuel systems, devising commercial uses for nano-materials and expanding their renewable energy resources.

COMPANY ROOTS - MERGERS WITH GULF OIL AND TEXACO

Chevron traces their earliest roots to an 1879 oil discovery at Pico Canyon, north of Los Angeles, which led to the formation of the Pacific Coast Oil Co. That company later became Standard Oil Co. of California and, subsequently, Chevron. The company took on the name "Chevron" when they acquired Gulf Oil Corp. in 1984, nearly doubling their worldwide-proved oil and gas reserves. The merger with Gulf was at that time the largest in U.S. history.

Another major branch of the family tree is The Texas Fuel Company, which was formed in Beaumont, Texas, in 1901. It later became known as The Texas Company and eventually Texaco. In 2001, our two companies merged to form ChevronTexaco.

The name was changed to Chevron in 2005 to convey a clearer, stronger and more unified presence around the world. The acquisition of Unocal Corporation in 2005 strengthened Chevron's position as an energy industry leader, increasing our crude oil and natural gas assets around the world.

More information about Chevron is available at www.chevron.com.

USUBC MEMBERSHIP CONTINUES TO GROW

"USUBC is especially pleased to have a major international company like Chevron as a member," said Morgan Williams, Director, Government Affairs, Washington Office, SigmaBleyzer Emerging Markets Private Equity Investment Group, www.SigmaBleyzer.com, who serves as President/CEO of the U.S.-Ukraine Business Council (USUBC).

"USUBC has increased its membership four times over the past two and one-half years and now has a membership base of over 100 companies and organizations which allows USUBC to provide its new members such as Chevron, with a full-time operation and a significantly expanded program of work," according to Williams.

ABOUT USUBC

The U.S.-Ukraine Business Council (USUBC) was established in October 1995, in Washington, D.C. to advance U.S. companies' trade and investment interests in Ukraine's significant emerging market, to advance Ukraine companies' trade and investment interests in the USA, to advocate for measures to improve conditions for bilateral trade, business and investment, and to generally promote strong, friendly bilateral ties between Ukraine and the USA. USUBC now has over 100 members. More information about USUBC may be found at: www.usubc.org. Contact: Morgan Williams, President, USUBC, usubc@usubc.org.

SOURCE U.S.-Ukraine Business Council

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