SAN RAMON, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Chevron
Corporation (NYSE: CVX) refuted a statement released by the Yes on 87
campaign on Friday claiming that the company said in an analyst call that
Proposition 87 will have no impact on Chevron's oil production in
California.
Chevron was asked about the potential financial impact on the company
should Proposition 87 pass. The company responded with a financial estimate
of the impact assuming current prices and production levels. There was no
reference to any impact on future production volumes.
Chevron states, "The assertion by the Yes on 87 campaign is false and
irresponsible."
Media and other interested parties are invited to listen to the webcast
of today's analyst call at the following link:
http://investor.chevron.com/phoenix.zhtml?c=130102&p=irol-irhome .
Chevron Corporation is one of the world's leading energy companies.
With more than 55,000 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 .
SOURCE Chevron Corporation
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Related links:
http://www.chevron.com
CONTACT:
Kent Robertson of Chevron Corporation,
+1-925-842-0050
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