January 28, 2015

SAN RAMON, Calif., Jan. 28, 2015 – Chevron Corporation (NYSE: CVX) today announced its subsidiary, Chevron U.S.A. Inc., will work with BP Exploration and Production Inc. (BP) and ConocoPhillips Company (ConocoPhillips) to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Chevron will be the operator. Chevron, BP and

SAN RAMON, Calif.–(BUSINESS WIRE)– The Board of Directors of Chevron Corporation (CVX) today declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable March 10, 2015, to holders of common stock as shown on the transfer records of the Corporation at the close of business on February 17, 2015. Contact: Chevron Corporation Justin Higgs, San Ramon,

CALGARY, Jan. 28, 2015 /PRNewswire/ – Cenovus Energy Inc. (CVE) (CVE) is further reducing its 2015 capital spending in order to preserve cash and maintain the strength of its balance sheet. The company has identified approximately $700 million in additional capital expenditures originally planned for 2015 that can be deferred until crude oil prices recover. “We have great assets, we’re

DENVER, Jan. 28, 2015 /PRNewswire/ — Proved reserves increased by 66% to 12.7 Tcfe at year-end 2014 Proved developed reserves increased by 88% to 3.8 Tcfe at year-end 2014 3P reserves increased by 16% to 40.7 Tcfe at year-end 2014 Replaced 1,465% of estimated net production in 2014 Achieved all-in finding and development costs of $0.61 per proved Mcfe during