CHEVRON CORPORATION
OFFERS TO PURCHASE THE OUTSTANDING NOTES LISTED BELOW

Acceptance Priority Level(1) Title of Security Issuer CUSIP/ISIN Par Call
Date(2)
Maturity Date Principal Amount Outstanding
(millions)

1
7.250% Senior Debentures Due 2097 Noble Energy, Inc. 655044AS4/ US655044AS49 N/A August 1, 2097 $84
2 5.250% Notes due 2043 Chevron U.S.A. Inc. 166756AU0 / US166756AU09 May 15, 2043 November 15, 2043 $996

3
5.250% Notes due 2043 Noble Energy, Inc. 655044AG0 / US655044AG01 May 15, 2043 November 15, 2043 $4

4
6.000% Notes due 2041 Chevron U.S.A. Inc. 166756AT3 / US166756AT36 September 1, 2040 March 1, 2041 $839

5
6.000% Notes due 2041 Noble Energy, Inc. 655044AE5 / US655044AE52 September 1, 2040 March 1, 2041 $11

6
5.050% Notes due 2044 Chevron U.S.A. Inc. 166756AV8 / US166756AV81 May 15, 2044 November 15, 2044 $845

7
5.050% Notes due 2044 Noble Energy, Inc. 655044AJ4 / US655044AJ40 May 15, 2044 November 15, 2044 $5

8
4.950% Notes due 2047 Chevron U.S.A. Inc. 166756AW6 / US166756AW64 February 14, 2047 August 15, 2047 $495

9
4.950% Notes due 2047 Noble Energy, Inc. 655044AN5 / US655044AN51 February 15, 2047 August 15, 2047 $5

10
7.840% Medium-Term Notes, Series 1992 due 2033 Texaco Capital, Inc. 88168LCV6 / US88168LCV62 N/A February 15, 2033 $10

11
8.000% Debentures due 2032 Texaco Capital, Inc. 881685BB6 / US881685BB68 N/A August 1, 2032 $75

12
2.978% Notes Due 2040 Chevron Corporation 166764BZ2 /US166764BZ29 November 11, 2039 May 11, 2040 $500

13
8.625% Debentures due 2032 Texaco Capital, Inc. 881685AY7 / US881685AY70 N/A April 1, 2032 $147

14
8.625% Debentures due 2031 Texaco Capital, Inc. 881685AX9 / US881685AX97 N/A November 15, 2031 $108

15
4.200% Notes due 2049 Chevron U.S.A. Inc. 166756AX4 /US166756AX48 April 15, 2049 October 15, 2049 $474

16
4.200% Notes due 2049 Noble Energy, Inc. 655044AR6 / US655044AR65 April 15, 2049 October 15, 2049 $26

17
7.250% Notes due 2023 Chevron U.S.A. Inc. 166756AM8 /US166756AM82 N/A October 15, 2023 $90

18
7.250% Notes due 2023 Noble Energy, Inc. 654894AE4 /US654894AE49 N/A October 15, 2023 $10

19
3.191% Notes Due 2023 Chevron Corporation 166764AH3 /US166764AH30 March 24, 2023 June 24, 2023 $2,250

20
2.566% Notes Due 2023 Chevron Corporation 166764BK5 / US166764BK59 March 16, 2023 May 16, 2023 $750

21
3.900% Notes due 2024 Chevron U.S.A. Inc. 166756AP1 / US166756AP14 August 15, 2024 November 15, 2024 $625

22
3.900% Notes due 2024 Noble Energy, Inc. 655044AH8 / US655044AH83 August 15, 2024 November 15, 2024 $25

23
2.895% Notes Due 2024 Chevron U.S.A. Inc. 166764BT6 / US166764BT68 January 3, 2024 March 3, 2024 $1,000

___________________________________________________________________________________________________________________________________________________________
(1) Subject to the satisfaction or waiver of the conditions of the Offers described in this Offer to Purchase, if the Maximum Purchase Condition (as defined below) is not satisfied with respect to every series of Notes, we will accept Notes for purchase in the order of their respective Acceptance Priority Level specified in the table above (each, an Acceptance Priority Level, with 1 being the highest Acceptance Priority Level and 23 being the lowest Acceptance Priority Level). It is possible that a series of Notes with a particular Acceptance Priority Level will not be accepted for purchase even if one or more series with a higher or lower Acceptance Priority Level are accepted for purchase.

(2) For each series of Notes in respect of which a par call date is indicated, the calculation of the applicable Total Consideration will be performed taking into account such par call date. See Schedule A to this Offer to Purchase for an overview of the calculation of the Total Consideration (including the par call detail).

To view copies of the Offer to Purchase documents please click on the links below

Offer to Purchase

Letter of Transmittal

Notice of Guaranteed Delivery

Any questions regarding procedures for tendering Notes or requests for additional copies of this Offer to Purchase and the Notice of Guaranteed Delivery should be directed to the Information Agent.

              The Information Agent and the Tender Agent for the Offers is:

D.F. King & Co., Inc.

48 Wall Street, 22nd Floor
New York, NY 10005
Banks and Brokers call: (212) 269-5550
All Others Call Toll-Free: (866) 796-7184
Email: chevron@dfking.com

By Mail:
48 Wall Street, 22nd Floor
New York, NY 10005
By Overnight Courier:
48 Wall Street, 22nd Floor
New York, NY 10005
By Hand:
48 Wall Street, 22nd Floor
New York, NY 10005

You also may contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers. Questions regarding the terms of the Offers may be directed to the following Lead Dealer Managers at their respective addresses and telephone numbers listed below.

                   The Lead Dealer Managers for the Offers are:

J.P. Morgan Securities LLC


383 Madison Avenue
New York, New York 10179
Attn: Liability Management Group
(866) 834-4666 (toll-free)
(212) 834-3424 (collect)

Barclays Capital Inc.


745 Seventh Avenue
New York, New York 10019
Attn: Liability Management Group
(800) 438-3242 (toll-free)
(212) 528-7581 (collect)
us.lm@barclayscapital.com