Chevron Corporation Commits USD 1 Million for SPE Programs

Support benefits students and energy education for the industry

MEDIA CONTACT:  Paige McCown, Senior Manager PR/Communications/Social Media, +1.713.457.6826, media@spe.org

San Antonio, Texas, USA  ( 8 October 2012) –  The Society of Petroleum Engineers (SPE) announced today that Chevron Corporation has committed USD 1 million to support SPE programs dedicated to increasing student participation and advancing energy education.

Starting this month, Chevron will donate USD 250,000 per year for four years to support three initiatives: SPE’s Student Dues program, enabling students to participate as members free of charge; the Energy4Me program, educating the public and students about energy and the upstream oil and gas industry, online and through training and teaching materials; and PetroWiki, SPE’s knowledge-sharing wiki, providing information about E&P industry engineering.

“As a not-for-profit organization, SPE counts on the generous support of companies like Chevron to offer valuable programs to our members and the industry,” said Mark Rubin, Executive Director of SPE.

“Chevron understands the importance of enabling students around the world to benefit from SPE’s programs,” said John McDonald, Chevron Vice President and Chief Technology Officer. “Education opens the door of opportunity.”

About Society of Petroleum Engineers

The Society of Petroleum Engineers (SPE) is a not-for-profit professional association whose members are engaged in energy resources development and production. SPE serves more than 104,000 members in 123 countries worldwide. SPE is a key resource for technical knowledge related to the oil and gas exploration and production industry and provides services through its publications, events, training courses, and online resources at www.spe.org.

About Chevron Corporation

Chevron is one of the world’s leading integrated energy companies, with 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 petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.