The Chevron Way explains who we are, what we do, what we believe and what we plan to accomplish. It establishes a common understanding not only for those of us who work here,
but for all who interact with us.

Vision

At the heart of The Chevron Way is our Vision…to be the global energy company most admired for its people, partnership and performance.

Our Vision means we:

• provide energy products vital to sustainable economic progress and human development
  throughout the world;
• are people and an organization with superior capabilities and commitment;
• are the partner of choice;
• deliver world-class performance;
• earn the admiration of all our stakeholders— investors, customers, host governments, local
  communities and our employees—not only for the goals we achieve but how we achieve them.

Values

Our company’s foundation is built on our Values, which distinguish us and guide our actions. We
conduct our business in a socially responsible and ethical manner. We respect the law, support
universal human rights, protect the environment and benefit the communities where we work.

Integrity
We are honest with others and ourselves. We meet the highest ethical standards in all business dealings. We do what we say we will do. We accept responsibility and hold ourselves accountable
for our work and our actions.

Trust
We trust, respect and support each other, and we strive to earn the trust of our colleagues and partners.

Diversity
We learn from and respect the cultures in which we work. We value and demonstrate respect for the uniqueness of individuals and the varied perspectives and talents they provide. We have
an inclusive work environment and actively embrace a diversity of people, ideas, talents and experiences.

Ingenuity
We seek new opportunities and out-of-the-ordinary solutions. We use our creativity to find unexpected and practical ways to solve problems. Our experience, technology and perseverance
enable us to overcome challenges and deliver value.

Partnership
We have an unwavering commitment to being a good partner focused on building productive, collaborative, trusting and beneficial relationships with governments, other companies, our customers, our communities and each other.

Protecting People and the Environment
We place the highest priority on the health and safety of our work force and protection of our assets and the environment. We aim to be admired for world-class performance through disciplined application of our Operational Excellence Management System.

High Performance
We are committed to excellence in everything we do, and we strive to continually improve. We are passionate about achieving results that exceed expectations—our own and those of others. We drive for results with energy and a sense of urgency.

Strategy

Our Strategic Plan translates our Vision into action. It aligns and integrates our organization, inspires confidence, and differentiates us from the competition.

Major Business Strategies

We have three business strategies:

Global Upstream
Grow profitability in core areas and build new legacy positions

Global Gas
Commercialize our equity gas resource base by targeting North American and Asian markets

Global Downstream
Improve returns by focusing on areas of market and supply strength

Enabling Strategies

Three enabling strategies apply to all parts of the company:
Invest in people to achieve our strategies
Leverage technology to deliver superior performance and growth
Build organizational capability (“4+1”) to deliver world-class performance in operational excellence, cost reduction, capital stewardship and profitable growth

Underlying and aligned with each of our major business and enabling strategies are more detailed plans, tactics and metrics targeted to guide us to success in each of the specific business areas where we choose to compete. These detailed plans are continually tested against the competition and refreshed to achieve sustained competitive performance.