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Chevron Statement in Response to California AB32 Market Advisory Committee Report

    SAN RAMON, Calif., June 1 /PRNewswire-FirstCall/ -- Chevron (NYSE: CVX)
issued the following statement in response to the California AB32 Market
Advisory Committee Report issued earlier today:
    "We are studying the specific proposals in the MAC report, but we fully
support the intent to create market-based solutions to carbon reduction in
California," said Chevron vice chairman Peter Robertson. "We are working to
meet the objectives of AB32 in the most equitable, technically feasible and
cost-effective manner possible. Chevron looks forward to working with the
Governor and his administration to create an effective, market-based
approach that will reduce carbon emissions while safeguarding the growth of
California's economy."


SOURCE Chevron




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    CONTACT:
    Alex Yelland of Chevron, +1-925-842-0050