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9

Chevron Announces Quarterly Dividend

The Board of Directors of Chevron Corporation declared a quarterly dividend

The Board of Directors of Chevron Corporation on January 25, 2006 declared a quarterly dividend of 45 cents per share, payable March 10, 2006, to stockholders of record as of February 16, 2006, the company announced in a press release.

Chevron has an unbroken record of annual dividend payment increases of 18 consecutive years.