-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V6nTBwgDkN6Vmt0sxnK4Eh62dxTcOIQNEpObEBn/S4o0pj0PNtgoKd+gfx3yxB8p LYjfrQttqD8hF89uudB3hQ== 0000093410-99-000042.txt : 19990623 0000093410-99-000042.hdr.sgml : 19990623 ACCESSION NUMBER: 0000093410-99-000042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990622 ITEM INFORMATION: FILED AS OF DATE: 19990622 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHEVRON CORP CENTRAL INDEX KEY: 0000093410 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 940890210 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-00368 FILM NUMBER: 99649931 BUSINESS ADDRESS: STREET 1: 575 MARKET STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 4158947700 MAIL ADDRESS: STREET 1: 575 MARKET STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: STANDARD OIL CO OF CALIFORNIA DATE OF NAME CHANGE: 19840705 8-K 1 CHEVRON CORPORATION 8-K ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 of 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 22, 1999 Chevron Corporation (Exact name of registrant as specified in its charter) Delaware 1-368-2 94-0890210 -------------------------- ---------------------- ------------------- (State or other jurisdiction (Commission File Number) (I.R.S. Employer No.) of incorporation ) 575 Market Street, San Francisco, CA 94105 -------------------------------------- -------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (415) 894-7700 NONE ----------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events. On June 22, 1999, Chevron Corporation issued a press release discussing the company's growth strategies and second quarter 1999 earnings special items. Item 7. Financial Statements and Exhibits. (c) Exhibits. 99.1 Press Release of Chevron Corporation dated June 22, 1999, entitled "CHEVRON CHAIRMAN REVIEWS GROWTH STRATEGIES; DISCUSSES SECOND QUARTER EARNINGS SPECIAL ITEMS." ================================================================================ SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 22, 1999 CHEVRON CORPORATION By /s/ S.J. CROWE ---------------------------- S. J. Crowe, Comptroller (Principal Accounting Officer and Duly Authorized Officer) EX-99 2 CHEVRON CORP PRESS RELEASE DATED JUNE 22, 1999 Exhibit 99.1 FOR IMMEDIATE RELEASE CHEVRON CHAIRMAN REVIEWS GROWTH STRATEGIES; DISCUSSES SECOND QUARTER EARNINGS SPECIAL ITEMS NEW YORK, June 22 - Chevron Corp. Chairman Ken Derr today met with security analysts and institutional investors here to review Chevron's growth strategies and recent developments. Derr indicated that the recently completed steps in Chevron's ongoing strategic planning process have reaffirmed the company's ability to meet the volume growth targets of 8 percent to 9 percent for international liquids and 4 percent to 4.5 percent for worldwide production on an oil equivalent basis. This growth will be an important element in Chevron's ability to achieve strong long-term earnings growth and a 12 percent return on capital employed that will position Chevron to become No. 1 among its peers in Total Shareholder Return for the period 1999 to 2003. He also updated analysts on the status of the $500 million cost reduction efforts announced last December and indicated confidence that the reductions would be achieved this year and sustained in future years. Achieving the savings will require personnel reductions, and associated severance costs on the order of $150 million will be recorded as a special item charge against reported earnings in the second quarter. Derr also indicated that the March 25 fire at the company's Richmond, Calif., refinery and several other refinery problems will reduce second quarter operating earnings by approximately $100 million, some of which will be offset by business interruption insurance in later quarters. All of the West Coast units are now operating with the exception of the fire damaged unit at the Richmond refinery. # # # 6/22/99 Contacts: Jan Golon, New York -- (212) 424-2130 Mike Libbey, San Francisco -- (415) 894-4440 -----END PRIVACY-ENHANCED MESSAGE-----