Bruce Niemeyer Named Chevron's Corporate Vice President of Strategic Planning

Chevron Corporation (NYSE: CVX) today named Bruce Niemeyer corporate vice president of Strategic Planning, effective immediately. Niemeyer is currently vice president of Chevron’s Mid-Continent Business Unit.

In his new role, Niemeyer, 56, will be responsible for setting the strategic direction for the company, allocating capital and other resources and determining operating unit performance measures and targets. He will report to Mark A. Nelson, vice president of Midstream, Strategy & Policy.

"Bruce has been instrumental in developing Chevron’s business in the mid-continent United States, including Chevron’s significant Permian assets,” said Michael K. Wirth, chairman and chief executive officer of Chevron Corporation. "Bruce’s strong operating background, coupled with his strategic planning experience, make him exceptionally well-suited to lead our corporate strategy function as we look to further optimize our portfolio and position Chevron to win in any price environment.”

Previously, Niemeyer was vice president of the Appalachian/Michigan Strategic Business Unit. In addition, Niemeyer served as general manager of strategy and planning for Chevron North America Exploration and Production Co. He joined Texaco in 2000 from Atlantic Richfield Co.

Niemeyer will be succeeded by Jeff Gustavson, currently president of Chevron Canada Limited. In his current role, Gustavson is responsible for Chevron’s upstream interests in Canada, including oil sands, unconventional resources in Alberta and British Columbia, interests offshore Newfoundland and Labrador, the proposed Kitimat LNG project, and assets in the Northwest Territories and Yukon Territory.

Gustavson, 45, joined Chevron in 1999 and has held positions in Finance, Mergers & Acquisitions, Corporate Strategic Planning, Supply and Trading, Investor Relations and Upstream, with numerous assignments in the United States, as well as Venezuela, the United Kingdom and Canada. He will report to Jeff Shellebarger, president of Chevron North America Exploration and Production.

Chevron Corporation is one of the world's leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.

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