http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20120719:nBw195316a
   Agreement provides Chevron 80 percent interest in contracts covering two blocksin the Kurdistan Region of IraqSAN RAMON, Calif.--(Business Wire)--Chevron Corporation (NYSE:CVX) announced that its subsidiaries have completed atransaction to acquire interests in two blocks in the Kurdistan Region of Iraq. Chevron will acquire Reliance Exploration & Production DMCC`s 80 percentinterest and operatorship of the production sharing contracts (PSCs) coveringthe Rovi and Sarta blocks. The blocks are located north of Erbil and cover acombined area of approximately 490 square miles (1,124 square kilometers). Chevron subsidiaries will partner with OMV Rovi GmbH and OMV Sarta GmbH, whichhold 20 percent interest in the Rovi and Sarta PSCs, respectively. Chevron is one of the world`s leading integrated energy companies, withsubsidiaries that conduct business worldwide. The company is involved invirtually every facet of the energy industry. Chevron explores for, produces andtransports crude oil and natural gas; refines, markets and distributestransportation fuels and lubricants; manufactures and sells petrochemicalproducts; generates power and produces geothermal energy; provides energyefficiency solutions; and develops the energy resources of the future, includingbiofuels. Chevron is based in San Ramon, Calif. More information about Chevronis available at 
  www.chevron.com.
  Cautionary Statement Relevant to Forward-Looking Information for the Purpose of"Safe Harbor" Provisions of the Private Securities Litigation Reform Act of1995.Some of the items discussed in this press release are forward-looking statementsabout Chevron's activities in Iraq. Words such as "anticipates," "expects,""intends," "plans," "targets," "forecasts," "projects," "believes," "seeks,""schedules," "estimates," "budgets," "outlook" and similar expressions areintended to identify such forward-looking statements. The statements are basedupon management's current expectations, estimates and projections; are notguarantees of future performance; and are subject to certain risks,uncertainties and other factors, some of which are beyond the company's controland are difficult to predict. Among the important factors that could causeactual results to differ materially from those in the forward-looking statementsare changes in prices of, demand for and supply of crude oil and natural gas;actions of competitors; the inability or failure of the company`s joint-venturepartners to fund their share of operations and development activities; thepotential failure to achieve expected net production from existing and futurecrude oil and natural gas development projects; potential delays in thedevelopment, construction or start-up of planned projects; the potentialdisruption or interruption of the company`s net production or manufacturingfacilities or delivery/transportation networks due to war, accidents, politicalevents, civil unrest, or severe weather; government-mandated sales,divestitures, recapitalizations, industry-specific taxes and changes in fiscalterms or restrictions on scope of company operations; foreign currency movementscompared with the U.S. dollar; and general economic and political conditions.The reader should not place undue reliance on these forward-looking statements,which speak only as of the date of this press release. Unless legally required,Chevron undertakes no obligation to update publicly any forward-lookingstatements, whether as a result of new information, future events or otherwise.  Chevron CorporationGareth Johnstone, San Ramon, +65-9728-8375Kurt Glaubitz, San Ramon, +1-925-790-6928 Copyright Business Wire 2012