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Very honored to have Chevron here. We've got Pat Yarrington, the CFO, who will do the presentation for the Company. Pat Yarrington - Chevron Corporation - VP, CFO Good morning, everybody. As he said, I'm Pat Yarrington. I'm the Chief Financial Officer for Chevron Corporation, and it's a pleasure for me to be here today, and I appreciate your interest in our Company. So before we get started, I want to just make mention of the fact that our presentation contains certain forward-looking statements, estimates, and projections, and so please take a few moments to review the cautionary slide right here. Since the print is small, hard copies are available from our investor relations department and also available at Chevron.com. Chevron is well positioned today and for the future. We have the right strategy. We have the top queue of projects and production growth amongst our peers. We are delivering industry-leading executions, confirmed...

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xmlns:sdc="http://www.alacra.com/sdc">166764</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Chevron Corp</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Advanced Refining Technologies LLC</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Chevron Corp</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Chevron Corp</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Chevron_Corp_acquires_a_minority_stake_in_Advanced_Refining_Technologies-2120649020</link><guid isPermaLink="false">sdc/2120649020</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2120649020</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_EXCHANGE><sdc:value>New York</sdc:value></sdc:a_EXCHANGE><sdc:a_MAINDUSTRY><sdc:value>Chemicals and Allied 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Chevron also</sdc:value><sdc:value sdc:p="5">wholesales petroleum and other</sdc:value><sdc:value sdc:p="6">energy products under the</sdc:value><sdc:value sdc:p="7">Chevron, Texaco and Caltex</sdc:value><sdc:value sdc:p="8">brands, as well as a number of</sdc:value><sdc:value sdc:p="9">other brands, including</sdc:value><sdc:value sdc:p="10">Havoline and Delo oils. It</sdc:value><sdc:value sdc:p="11">also manufactures commodity</sdc:value><sdc:value sdc:p="12">petrochemicals and plastics,</sdc:value><sdc:value sdc:p="13">fuel and lubricant oil</sdc:value><sdc:value sdc:p="14">additives for industrial uses.</sdc:value><sdc:value sdc:p="15">The company was founded in</sdc:value><sdc:value sdc:p="16">1926.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Chevron Corp, located in San Ramon, California, is an oil</sdc:value><sdc:value sdc:p="1">and gas exploration, production and refinery company.</sdc:value><sdc:value sdc:p="2">Chevron also wholesales petroleum and other energy products</sdc:value><sdc:value sdc:p="3">under the Chevron, Texaco and Caltex brands, as well as a</sdc:value><sdc:value sdc:p="4">number of other brands, including Havoline and Delo oils. It</sdc:value><sdc:value sdc:p="5">also manufactures commodity petrochemicals and plastics,</sdc:value><sdc:value sdc:p="6">fuel and lubricant oil additives for industrial uses. The</sdc:value><sdc:value sdc:p="7">company was founded in 1926.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Chevron Corp, located in San Ramon, California, is an oil and gas exploration, production and refinery company. Chevron also wholesales petroleum and other energy products under the Chevron, Texaco and Caltex brands, as well as a number of other brands, including Havoline and Delo oils. It also manufactures commodity petrochemicals and plastics, fuel and lubricant oil additives for industrial uses. 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">US - Chevron Corp planned to</sdc:value><sdc:value sdc:p="1">raise its interest to 50%</sdc:value><sdc:value sdc:p="2">from 45%, by acquiring a 5%</sdc:value><sdc:value sdc:p="3">stake, in Advanced Refining</sdc:value><sdc:value sdc:p="4">Technologies, a wholesaler of</sdc:value><sdc:value sdc:p="5">hydroprocessing catalysts,</sdc:value><sdc:value sdc:p="6">from its joint venture</sdc:value><sdc:value sdc:p="7">partner bankrupt WR Grace &amp;</sdc:value><sdc:value sdc:p="8">Co.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>US - Chevron Corp planned to raise its interest to 50% from 45%, by acquiring a 5% stake, in Advanced Refining Technologies, a wholesaler of hydroprocessing catalysts, from its joint venture partner bankrupt WR Grace &amp; Co.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">US - Chevron Corp planned to raise its interest to 50% from 45%, by acquiring a 5% stake,</sdc:value><sdc:value sdc:p="1">in Advanced Refining Technologies, a wholesaler of hydroprocessing catalysts, from its</sdc:value><sdc:value sdc:p="2">joint venture partner bankrupt WR Grace &amp; Co.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">US - Chevron Corp planned to raise its interest to 50% from 45%, by acquiring a 5% stake, in Advanced Refining Technologies, a wholesaler of hydroprocessing catalysts, from its joint venture partner</sdc:value><sdc:value sdc:p="1">bankrupt WR Grace &amp; Co.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">US - Chevron Corp planned to raise its interest to 50% from 45%, by acquiring a 5% stake, in Advanced Refining Technologies, a wholesaler</sdc:value><sdc:value sdc:p="1">of hydroprocessing catalysts, from its joint venture partner bankrupt WR Grace &amp; 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terminals</sdc:value><sdc:value sdc:p="7">5541:Gasoline service stations</sdc:value><sdc:value sdc:p="8">6719:Offices of holding companies, nec</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>1195004</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>New York</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>United States</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>2869</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>California</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>CVX</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/research/fitch-ratings-Fitch_Pension_Contributions_Remain_a_Credit_Concern_for_U_S_Corporate_Issuers_in_2009_10-521616_pr_frame</link><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">521616_pr_frame</fitch:docid><guid isPermaLink="false">fitch/521616_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Alcoa Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">American Airlines, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">AMR Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">AT&amp;T Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Caterpillar Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Chevron Corp</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Delta Air Lines, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">E. I. du Pont de Nemours &amp; Company</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Electronic Data Systems, LLC</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Exxon Mobil Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Federal Express Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">FedEx Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Ford Motor Company</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">General Dynamics Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Hewlett-Packard Company</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Hewlett-Packard International Bank Plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Honeywell International Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">International Business Machines Corp</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Johnson &amp; Johnson</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Lockheed Martin Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Northrop Grumman Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Northwest Airlines Inc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Pfizer Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Qwest Communications International, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Raytheon Company</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Rohm &amp; Haas Company</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">The Dow Chemical Company</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Union Carbide Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">United States Steel Corporation (U.S. Steel)</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">United Technologies Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Xerox Corporation</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80088995</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089053</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089174</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089181</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089226</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089288</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090202</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090570</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090938</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090939</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091026</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091053</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091148</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091150</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361387</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361388</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361461</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361462</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361502</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361630</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361652</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361709</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361716</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80420568</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80503795</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80538734</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80843884</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81415254</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83589265</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83589468</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">87396174</fitch:companyid><pubDate>22 Oct 2009 02:16:00 EST</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010100</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030400</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030500</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030600</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030800</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031100</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031200</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031300</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031400</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031500</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031700</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">85</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">AA</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">AMR</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CAT</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CVX</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DAL</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DD</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DOW</fitch:ticker><fitch:ticker 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