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2002 ChevronTexaco Corporate Responsibility Report Overview & StrategyCompany Description (Continued)About this ReportPetrochemicals:> ChevronTexaco is one of the world’s largest producers of commoditypetrochemicals through Chevron Phillips Chemical Company, a50/50 joint venture with ConocoPhillips.> Chevron Oronite Company, a fuel and lubricating oil additivesoperating company, supplies one-fourth of the world’s fuel andlubricants additives.Power Generation:> The company has interests in 30 power projects operating or beingdeveloped on five continents. Projects in operation generate morethan 4,500 megawatts of electric power.Energy Technologies:> ChevronTexaco has invested in a range of energy technologies,including wind and solar power generation, fuel cells, hydrogenfueledtransportation systems and advanced batteries for hybridelectric vehicles.ChevronTexaco’s first corporate responsibility reportCorporate responsibility is not new to ChevronTexaco, but reporting onour social, economic and environmental performance in a comprehensive,global way is. This first report simultaneously conveys that ChevronTexacohas long been addressing many corporate responsibility issues and that weare working to manage them in a more integrated and systematic way. Itdescribes where we think we are doing well and where we are not satisfiedwith our performance.Addressing the key issues facing our companyThis first ChevronTexaco corporate responsibility report includes informationon social, economic and environmental issues and performance.The issues covered reflect our views on the key corporate responsibilityissues facing our company, as well as our understanding of external stakeholders’opinions on the most significant and material impacts of ouroperations. In developing this report,we were informed by the GlobalReporting Initiative (GRI) Sustainability Reporting Guidelines. We intendto continue to assess GRI and other external reporting frameworks as theyevolve and apply them as appropriate for our company in future reports.© 2003 ChevronTexaco Corporation. All Rights Reserved.42002 information presented in contextThis report focuses on the performance of our owned and operatedbusinesses and generally does not address the performance of our suppliers,contractors or partners. We have tried to focus primarily on2002 information in the report. But where we feel it provides a morecomplete picture of our performance or impacts, we have includedsome historical information that predates the merger of Chevron andTexaco in 2001 and, in some instances, also included information from2003. We plan to publish a corporate responsibility report annually.Developing performance indicatorsWhere possible, we have included corporatewide performance dataand information. In many instances, however, we provide informationor examples on a country, operating company or business unit level.Operating in more than 180 countries and in multiple business sectorsrequires that we be responsive to local laws and issues and flexible inhow we address them in unique operating environments. At the sametime, we must develop appropriate corporatewide performance indicatorsfor measuring and reporting on corporate responsibility issues.A baseline for continual improvementWe recognize that we can expand the scope and completeness of ourcorporate responsibility reporting in the future, and we view this reportas the baseline for continual improvement. We are working to identifyadditional indicators and metrics that are valuable to us and that willhelp us and others assess our corporate responsibility performance. Welook forward to feedback on what is contained in this report.