<SEC-DOCUMENT>0001214659-19-002858.txt : 20190424
<SEC-HEADER>0001214659-19-002858.hdr.sgml : 20190424
<ACCEPTANCE-DATETIME>20190424114836
ACCESSION NUMBER:		0001214659-19-002858
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190424
DATE AS OF CHANGE:		20190424
EFFECTIVENESS DATE:		20190424

SUBJECT COMPANY:	

	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:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00368
		FILM NUMBER:		19763110

	BUSINESS ADDRESS:	
		STREET 1:		6001 BOLLINGER CANYON ROAD
		CITY:			SAN RAMON
		STATE:			CA
		ZIP:			94583
		BUSINESS PHONE:		925-842-1000

	MAIL ADDRESS:	
		STREET 1:		6001 BOLLINGER CANYON ROAD
		CITY:			SAN RAMON
		STATE:			CA
		ZIP:			94583

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHEVRONTEXACO CORP
		DATE OF NAME CHANGE:	20011009

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHEVRON CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STANDARD OIL CO OF CALIFORNIA
		DATE OF NAME CHANGE:	19840705

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tri-State Coalition for Responsible Investment
		CENTRAL INDEX KEY:			0001636143
		IRS NUMBER:				133600917
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		40 S FULLERTON AVE
		CITY:			MONTCLAIR
		STATE:			NJ
		ZIP:			07042
		BUSINESS PHONE:		9735098800

	MAIL ADDRESS:	
		STREET 1:		40 S FULLERTON AVE
		CITY:			MONTCLAIR
		STATE:			NJ
		ZIP:			07042
</SEC-HEADER>
<DOCUMENT>
<TYPE>PX14A6G
<SEQUENCE>1
<FILENAME>g423190px14a6g.htm
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0; text-align: center">United States Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0; text-align: center">Notice of Exempt Solicitation</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0; text-align: center">Pursuant to Rule 14a-103</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Name of the Registrant: Chevron Corporation</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Name of persons relying on exemption: Sisters of St. Francis of Philadelphia,
Adrian Dominican Sisters Portfolio Advisory Board, American Baptist Home Mission Society, Congregation of Benedictine Sisters,
Boerne, Texas, Congregation of Divine Providence- San Antonio, Texas, Congregation of the Sisters of St. Joseph of Chestnut Hill,
Philadelphia, Daughters of Charity, Province of St. Louise, Domestic and Foreign Missionary Society of the Episcopal Church, Dominican
Sisters of San Rafael, CA (Congregation of the Most Holy Name), Dominican Sisters of Springfield Illinois, Park Foundation, Providence
Trust, School Sisters of Notre Dame Central Pacific Province, School Sisters of Notre Dame Cooperative Investment Fund, Sisters
of St. Francis Charitable Trust, Sisters of St. Joseph of Orange, Sisters of the Holy Names of Jesus and Mary, and Sisters of the
Humility of Mary, OH.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Address of persons relying on exemption: Sisters of St. Francis of Philadelphia,
609 South Convent Road, Aston, PA 19014 and Tri-State Coalition for Responsible Investment, 40 S Fullerton Ave Montclair, NJ 07042</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Written materials are submitted pursuant to Rule 14a-6(g) (1) promulgated
under the Securities Exchange Act of 1934.&nbsp;Submission is not required of this filer under the terms of the Rule, but is made
voluntarily in the interest of public disclosure and consideration of these important issues.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>The Sisters of St. Francis of Philadelphia and American Baptist Home Mission
Society, and 16 co-filers urge you to vote FOR Item 4, the Shareholder Proposal to Report on the Human Right to Water at the Chevron
Corporation Annual Meeting on May 29, 2019. </B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Summary of the Resolution </B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">This resolution asks for a report on Chevron&rsquo;s due diligence process
to identify and address risks related to the Human Right to Water throughout its operations. The report requested would include
impacts from Chevron&rsquo;s business activities on the human right to water, Chevron&rsquo;s approach to stakeholder consultation,
and how Chevron tracks effectiveness of measures to assess, prevent, mitigate, and remedy adverse impacts on the human right to
water.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Support for this Resolution is warranted because: </B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Chevron has a responsibility to identify, prevent, mitigate and account for the actual and potential impacts of its business
on the human right to water,</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Failure to conduct effective due diligence on the human right to water has had negative financial and reputational impacts
on Chevron,</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>Chevron&rsquo;s existing policies, processes, and disclosure fail to meet the responsibilities related to the human right to
water, and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD>Chevron&rsquo;s business activities have had adverse impacts on the human right to water.</TD></TR></TABLE>

<DIV STYLE="padding: 0in 0in 1pt; border-bottom: #4F81BD 0.5pt solid">

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B><I>Arguments in Favor of the Resolution on the Human Right to Water</I></B></P>

</DIV>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>(1)</B></TD><TD><B>Chevron has a responsibility to identify and mitigate the actual and potential impacts of their business on the human right
to water.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Chevron has a responsibility to identify, assess and address the real and
potential adverse human rights impacts of its business. Unanimously adopted by the United Nations (UN) Human Rights Council in
2011, the UN Guiding Principles on Business and Human Rights (UNGPs) constitute the global authoritative framework outlining the
roles and responsibilities of states and companies with respect to human rights.<FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT>
&nbsp;The UNGPs require all businesses, regardless of size or industry, to respect the human rights of stakeholders impacted by
their operations and business relationships. The framework calls for businesses to avoid causing or contributing to human rights
abuses throughout their operations, and to address negative impacts when they occur.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Chevron has operations in over 100 countries, many of which have existing
water stress and water pollution risks. The human right to water, recognized by the UN General Assembly in 2010, entitles everyone
to sufficient, safe, acceptable, and physically accessible and affordable water for personal and domestic use and &ldquo;is indispensable
for leading a life in human dignity.&rdquo;<FONT STYLE="font-size: 10pt"><SUP>2</SUP></FONT> The human right to water is not
only about efficient use of water to mitigate water scarcity, but is also about ensuring water has not been polluted. The human
right to water is aligned with the United Nations Sustainable Development Goals (SDGs), which include targets to increase efficient
water use and reduce pollution to address water scarcity and improve water quality.<FONT STYLE="font-size: 10pt"><SUP>3</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">While Chevron took a first step to meet its human rights responsibilities
by adopting a human rights policy in 2009, to effectively respect human rights Chevron should embed their policy throughout their
operations by exercising Human Rights Due Diligence (HRDD). Key components of HRDD include assessing the real and potential impacts
of the business on human rights, integrating and acting on findings of their risk and impact assessments, tracking responses,
and disclosing how impacts are addressed.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Not only does Chevron fail to meet the standards to respect human rights in
the UNGPs, it fails to live up to its own policy commitments. Chevron should prioritize actions to address its salient human rights
risks, where the risks to people from its business are greatest. Water is a salient human rights issue for an oil and gas company
like Chevron, which is not only water dependent, but its core operations may cause or contribute to adverse impacts on the right
to water for employees, stakeholders, consumers, and communities surrounding Chevron operations, as described in Section 4 below.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>(2) Failure to conduct effective due diligence on the human right to water
has had negative financial and reputational impacts on Chevron. </B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">The Human Right to Water is both a material and salient risk to Chevron; there
is strong convergence between the areas of greatest risks to people&rsquo;s human rights and risk to the business. The Sustainability
Accounting Standards Board (SASB) identifies human rights, community relations, and water and wastewater management as key issues
likely to be material for industries in the oil and gas sector.<FONT STYLE="font-size: 10pt"><SUP>4</SUP></FONT> As Chevron actively
expands its footprint in the Permian Basin, which is facing serious water stress and rising costs associated with water management
that could impact the ability to carry out operations, more robust management of water risks is appropriate.<FONT STYLE="font-size: 10pt"><SUP>5</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Chevron has a history of fines from violating clean water standards. </B>
Chevron has not significantly changed its policies and practices to demonstrate that the risks that led to these fines have been
addressed. These incidents stem from falsely labeling wastewater, dumping polluted water into basins, and violating wastewater
permits. A non-exhaustive sampling of fines or controversies associated with water pollution that indicate there is an outstanding
financial and social risk in Chevron&rsquo;s business:</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Chevron paid <B>$384,000</B> in reparations to Salt Lake City, Utah in 2013 after inspectors found Chevron had exceeded legal
pollution levels. A 2018 study found that from 2016 to 2017, Chevron&rsquo;s Salt Lake City refinery <B>violated the Clean Water
Act five times.</B><FONT STYLE="font-size: 10pt"><SUP>6</SUP></FONT> The polluted water was drained to the Great Salt Lake.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Chevron reached a settlement in Brazil to pay <B>$135 million </B>in compensation for a 155,000 gallon oil spill off the coast
of Rio de Janeiro in 2011.<FONT STYLE="font-size: 10pt"><SUP>7</SUP></FONT> Chevron was forced to close off its Frade field well
and deactivate its drilling platform, jeopardizing <B>$2.5 billion</B> in Brazilian oil venture investments.<FONT STYLE="font-size: 10pt"><SUP>8</SUP></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>In the past two years, Chevron was fined <B>$48,000 </B>for hazardous waste violations at its Kapolei, HI refinery<FONT STYLE="font-size: 10pt"><SUP>9</SUP></FONT>
and <B>$65,000</B> for a 5,000-gallon oil spill that contaminated drinking water in West Colorado.<FONT STYLE="font-size: 10pt"><SUP>10</SUP></FONT></TD></TR></TABLE>


<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>There is a financial cost to Chevron associated with the controversy over
pollution and social license to operate.</B> Given that several of Chevron&rsquo;s refineries are in densely populated areas, often
near low-income communities and in coastal regions increasingly impacted by climate change and storm risks, Chevron should establish
systems to address the human right to water and mitigate risks to neighboring communities and regional water resources. In multiple
incidents, Chevron&rsquo;s explorations and operations have been halted and completely shut down by community opposition and concern
over polluted drinking water, demonstrating that effective stakeholder engagement and maintenance of positive and constructive
relationships with communities are relevant and material to Chevron&rsquo;s business.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>In 2013, a <B>400-day protest stopped shale exploration</B> in Poland, with community members citing concerns about contaminated
drinking water from Chevron&rsquo;s earlier seismic testing.<FONT STYLE="font-size: 10pt"><SUP>11</SUP></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Community members and religious leaders <B>forced Chevron to withdraw its project in Romania</B> in 2013 due to concerns over
water quality, where pollution of the Danube Delta could risk safety of drinking water for millions.<FONT STYLE="font-size: 10pt"><SUP>12</SUP></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Chevron was <B>forced to withdraw from building a port and chemical storage plant</B> in the Gulf of Thailand in 2013 after
five years of opposition from local fishermen concerned about risks to their livelihoods and sensitive ecosystems. Chevron engaged
in lengthy and expensive disputes with Thai government entities, and Chevron&rsquo;s assessment of risk to marine resources and
human health from their chemical storage plant were rejected seven times by the Office of Natural Resources and Environmental Policy
and Planning (ONEP) before being accepted.<FONT STYLE="font-size: 10pt"><SUP>13</SUP></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Chevron is currently facing <B>opposition in Nigeria </B>over demands for clean drinking water. The community has just filed
a letter with Chevron&rsquo;s CEO on potable drinking water schemes, citing multiple peaceful protests to Chevron&rsquo;s operations
that will continue and may escalate if there are no efforts to improve access to water.<FONT STYLE="font-size: 10pt"><SUP>14</SUP></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Chevron has legacy pollution incidents, including in Angola<FONT STYLE="font-size: 10pt"><SUP>15</SUP></FONT> and Ecuador,
that harm its reputation and indicate poor stakeholder engagement. In Ecuador, Chevron has been engaged in an ongoing lawsuit regarding
Texaco (acquired by Chevron in 2001) oil operations polluting the rainforests and rivers in Ecuador. Citizens and indigenous communities
cited polluted drinking water, environmental damage, and increased rates of cancer and serious health conditions, and sued Chevron
<B>for $27 billion in damages</B>.<FONT STYLE="font-size: 10pt"><SUP>16</SUP></FONT> This controversy mars Chevron&rsquo;s reputation,
and has been featured in popular documentaries such as <I>Crude<FONT STYLE="font-size: 10pt"><B><SUP>17</SUP></B></FONT></I>
and <I>The Afectados,</I><FONT STYLE="font-size: 10pt"><SUP>18</SUP></FONT> which document how water-based communities were devastated
by poor management of Chevron&rsquo;s raw crude and produced water.<FONT STYLE="font-size: 10pt"><SUP>19</SUP></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Proponents are seeking information about how Chevron assesses its potential
impacts on the human right to water and what the associated costs of inadequate management systems are. Constraints on water resources
will continue to increase and wastewater must be safely disposed to avoid impinging on the human right to water and causing additional
community tension, reputational risk, and project delays and disruptions.</P>




<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>(3) Chevron&rsquo;s disclosure does not demonstrate the existence of effective
policies and practices to fulfill its responsibilities related to the Human Right to Water.</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">To meet its human rights responsibilities, Chevron should identify, assess,
address and disclose its human rights due diligence for the actual and potential impacts on its salient human rights issues, which
should include the human right to water. <B>Chevron does not</B>: participate in the CDP Water Questionnaire, disclose relevant
data on water use, disclose information on how it implements its water risk management, nor on the impact or effectiveness of any
of the assessments or processes which are referenced in the Statement of Opposition to this resolution, which Chevron presented
as responsive to the Proponents&rsquo; request. Chevron does not align its reporting with the UNGP Reporting Framework,<FONT STYLE="font-size: 10pt"><SUP>20</SUP></FONT>
which would allow stakeholders and investors to understand the effectiveness of its practices on the Human Right to Water or compare
its performance to peers. In the Corporate Human Rights Benchmark (CHRB), Chevron scored a 28.8 out of 100, getting 0 points on
relevant indicators including: respecting the right to water, action to prevent water and sanitation risks, and water targets considering
local factors.<FONT STYLE="font-size: 10pt"><SUP>21</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">The CEO Water Mandate identifies the elements for effective disclosure on
the Human Right to Water, which would include quantitative and qualitative information on: Policy Commitment, Risk Assessment,
Mitigation and Prevention, Stakeholder Engagement, and Remedy.<FONT STYLE="font-size: 10pt"><SUP>22</SUP></FONT> Chevron&rsquo;s
existing disclosure and management systems fall short on each of these areas:</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman">Commitment: Chevron does not have a clear policy or commitment on the Human Right
to Water, does not identify water as a salient human rights issue for the company,<FONT STYLE="font-size: 10pt"><SUP>23</SUP></FONT>
and it does not identify water as a human right. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman">Risk Assessment: Chevron does not publicly disclose data for water risks or amounts
withdrawn, recycled, and consumed based on geographical location. Meaningful disclosure of risk assessment should include freshwater
and non-freshwater withdrawal by region; impact of said withdrawals on water quality, quantity, competition, sociopolitical risks,
communities, and the environment; and analysis based on use of water tools. Instead, Chevron only discloses  total freshwater
withdrawn, freshwater consumed, and non-freshwater withdrawn. It provides location specific information in only one instance -
the percentage of brackish water withdrawn from the Permian Basin. Chevron peer Apache, in contrast, discloses water use by source,
region, and areas of water scarcity.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman">Prevention and Mitigation: In its Statement of Opposition, Chevron lists its management
systems for water, including the Operational Excellence Management System (OEMS), Environmental Stewardship (ES), Environmental,
Social and Health Impact Assessment (ESHIA), and Environmental Performance Standard (EPS),<FONT STYLE="font-size: 10pt"><SUP>24</SUP></FONT>
but there is no disclosure on how Chevron&rsquo;s approach to water is operationalized, how it influences business decisions, what
the results are, and whether it effectively reduces negative impacts of Chevron&rsquo;s business on the Human Right to Water. It
should disclose how these processes are executed and used to address water risks, and results from routine evaluations of the company&rsquo;s
risk prevention and mitigation performance. Instead of location specific information or trend data demonstrating efforts to prevent
or mitigate harm have been effective, Chevron discloses only the total, annual levels of oil discharged to surface water. This
leaves shareholders unable to assess &ndash; either in specific regions or high risk areas - whether its water management systems
are effective at actually reducing the amount of oil that is discharged to surface water. </FONT></TD></TR></TABLE>


<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0 0pt 0.25in">While Chevron references that it creates Water Resource Management
Plans in areas identified as high risk, it does not disclose any information on mitigation or the impact of these plans. Further,
it does not describe the effectiveness of its systems or how they address water impacts: for example, it discloses the number of
people trained on human rights, but does not include the content of the training or how behavior or performance was improved as
a result of training.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman">Stakeholder Engagement: Chevron has a responsibility to meaningfully engage with
its stakeholders and affected communities about community concerns around the impact of Chevron&rsquo;s business activities on
the human right to water, and to disclose information to enable stakeholders to assess effectiveness.<FONT STYLE="font-size: 10pt"><SUP>25</SUP></FONT>
Engagement should include: broad representation, including credible representatives of the affected rights-holders, government
and local authorities, human rights experts, and vulnerable groups, such as women or indigenous communities. Stakeholders should
have the right to free, prior and informed consent, and should have the opportunity to provide ongoing input on all stages of operations.
Chevron should disclose analysis of trends and patterns in feedback or complaints received to identify and address systematic problems
in business operations. While Chevron indicates it has a Stakeholder Engagement process, it does not disclose any information about
the effectiveness of stakeholder engagement, the groups consulted, how engagement occurs around water, and how the inputs from
that engagement are integrated into its project planning to reduce potential harm.<FONT STYLE="font-size: 10pt"><SUP>26</SUP></FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; color: #222222">&Oslash;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman">Remedy: <FONT STYLE="color: #222222">Chevron must acknowledge its responsibility
for abuses of the human right to water and provide remedy where people have been harmed.&nbsp;This should give impacted rights
holders an avenue to raise a complaint on an ongoing basis at the project and corporate level. Remedy should be consistent with
the effectiveness criteria of the UNGPs (Principle 31), and include time-sensitive restitution, rehabilitation, financial or non-financial
compensation, and guarantees of non-repetition. While Chevron indicates it introduced Grievance Mechanism Guidance in 2016, there
is no disclosure on how effectively the system works, whether stakeholders have access and do use it, how remedy is provided, and
if negative impacts related to water, or other human rights, have been reduced.&nbsp;&nbsp;</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Chevron&rsquo;s systems currently fall short of meeting its responsibilities
to implement human rights due diligence on the human right to water.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>(4) Chevron&rsquo;s business activities adversely impact the human right
to water. </B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Chevron is the second largest oil and gas company in the United States, operating
on over 2 million acres of land in the Permian Basin alone, with net income of over $9 billion in 2017,<FONT STYLE="font-size: 10pt"><SUP>27
</SUP></FONT>and will expand even further with the acquisition of Anadarko.<FONT STYLE="font-size: 10pt"><SUP>28</SUP></FONT>
Oil and gas production is water intensive, with operations in areas where water is scarce. Byproducts of oil production and water
use are often injected into wells as wastewater or transported for disposal, or treatment and recycling.<FONT STYLE="font-size: 10pt"><SUP>29
</SUP></FONT>Chevron&rsquo;s business activities may have actual and potential adverse impacts on all prongs of the human right
to water, which calls for sufficient, safe, acceptable, physically accessible, and affordable water for personal and domestic
use.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman">Sufficient: The UN mandates that people have access to enough water for drinking,
personal sanitation, washing of clothes, food preparation, and personal or household hygiene. Chevron&rsquo;s steep extraction
of freshwater - 75 million cubic meters disclosed in 2017 - may deplete regional water sources and exacerbate water scarcity. Location
specific information on Chevron&rsquo;s water use and management would help to contextualize this quantity against potential water
acquisition risks. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman">Safe &amp; acceptable: Water must be free from microorganisms, chemical substances,
and radiological hazards that constitute a threat to a person&rsquo;s health. It should also be of an acceptable color, odor and
taste. Wastewater from Chevron&rsquo;s fracking operations can contain massive amounts of brine, toxic metals, and radioactivity
that pose serious risks to human health if leached into groundwater, streams, or rivers. Crude oil and petroleum spills from Chevron&rsquo;s
business operations may create water pollution with serious health consequences as well - Chevron reported 59 spills in 2017 to
the amount of 3,400 barrels of petroleum.<FONT STYLE="font-size: 10pt"><SUP>30</SUP></FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman">Physically accessible: Everyone has the right to water that is within or in the
immediate vicinity of households, schools, workplaces, and health institutions. This responsibility does not require Chevron to
provide water that is physically accessible, but a responsibility <B>not to interfere with</B> accessibility. Chevron&rsquo;s water
extraction may fuel competition with communities near business operations. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman">Affordable: Water and water services must be affordable for all. Water scarcity
and competition that Chevron may contribute to through extensive freshwater extraction in areas of water stress could drive up
water prices for community members. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Exploring for, processing, refining, and transporting crude oil, petroleum,
and natural gas require <B>extracting high levels of freshwater</B> from local water sources that may already be strained from
community use or drought. Roughly one third of Chevron&rsquo;s upstream operations already sit in areas of medium to high risk
of water stress.<FONT STYLE="font-size: 10pt"><SUP>31</SUP></FONT> This exposes Chevron to the risk of contributing to civil
conflict, low crop yields, and economic instability that result from water scarcity and competition. For example, in Nigeria, where
Chevron is one of the largest oil producers and investors, over 1,500 people died in water-related conflicts in 2018.<FONT STYLE="font-size: 10pt"><SUP>32</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Climate change</B> exacerbates potential water risk and Chevron must consider
how these risks may intersect with its business. As average temperatures across the globe continue to rise, water scarcity becomes
more widespread, and competition for resources becomes more frequent and potentially violent. In Indonesia, where Chevron is one
of the largest producers of crude oil, water stress has exposed millions of people to failed harvests and clean-water shortages.
Increasingly severe droughts devastate crop production, leading to food shortages and economic instability.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Furthermore, Chevron must effectively <B>manage its wastewater</B> and <B>prevent
spills or accidents</B> that put regional water quality at risk. Past practice indicates there are gaps in Chevron&rsquo;s current
systems. Exploring for, developing, and producing crude oil and natural gas create waste byproducts that may have severe negative
impacts on water quality across the globe. For example, hydraulic fracturing used to explore for and produce natural gas and oil
creates high volumes of produced water which may contain oil residues, drilling fluids, fracking chemicals, and contaminants from
rock. Stored produced water may leak into groundwater and pollute drinking water in neighboring communities. Chevron&rsquo;s downstream
operations, which include refining crude oil into petroleum products, create considerable wastewater that may pollute drinking
water if handled improperly. Toxic pollutants like benzene, cyanide, thiols, and ammonia can be found in these wastewater streams,
posing a serious threat to human health.<FONT STYLE="font-size: 10pt"><SUP>33</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"></P>


<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Unexpected incidents and spills</B> that contaminate water resources may
also interfere with access to acceptable quality water. Spills and leaks from pipelines, marine vessels, motor equipment, and rail
cars that Chevron uses to transport its products may contaminate groundwater, ocean coastlines, or waterways. With over 60 loss
of containment events in 2017, which are often major sources of water or groundwater impacts and risks to communities, and no decline
in &ldquo;Tier 1&rdquo; events, Proponents are concerned that Chevron is not adequately managing its risks related to water pollution.<FONT STYLE="font-size: 10pt"><SUP>34</SUP></FONT>
In the past, Chevron oil spills have led to serious violations of the human right to water in the United States,<FONT STYLE="font-size: 10pt"><SUP>35</SUP></FONT>
Ecuador,<FONT STYLE="font-size: 10pt"><SUP>36</SUP></FONT> Brazil,<FONT STYLE="font-size: 10pt"><SUP>37</SUP></FONT> Angola,<FONT STYLE="font-size: 10pt"><SUP>38</SUP></FONT>
and Nigeria.<FONT STYLE="font-size: 10pt"><SUP>39</SUP></FONT> In 2017, Chevron was responsible for spilling 3,400 barrels of
petroleum throughout its operations.<FONT STYLE="font-size: 10pt"><SUP>40</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><B>Conclusion</B></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">Chevron has a consistent track record of failing to meet its responsibility
to respect the human right to water that have led to increasing financial and reputational harm. Repeated incidents of fines, lawsuits,
and community opposition demonstrate that Chevron has not been effectively managing these risks, amid increasing pressure around
water scarcity. Therefore, Chevron would benefit from the actions requested in the proposal.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify">Shareholders are encouraged to <B>vote in favor of Item
4, </B>Report on the Human Right to Water at Chevron.</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><I>For questions regarding Proposal 4 at Chevron on Report on Human Right
to Water please contact: Sister Nora Nash, Sisters of St. Francis of Philadelphia nnash@osfphila.org or 610-558-7661 or Mary Beth
Gallagher, Tri-State Coalition for Responsible Investment, (973) 509-8800 or <FONT STYLE="color: blue"><U>mbgallagher@tricri.org.
</U></FONT></I></P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman; margin: 0pt 0">THE FOREGOING INFORMATION MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE,
U.S. MAIL, E-MAIL, CERTAIN WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS A SOLICITATION
OF AUTHORITY TO VOTE YOUR PROXY. THE COST OF DISSEMINATING THE FOREGOING INFORMATION TO SHAREHOLDERS IS BEING BORNE ENTIRELY BY
ONE OR MORE OF THE CO-FILERS. PROXY CARDS WILL NOT BE ACCEPTED BY ANY CO-FILER. PLEASE DO NOT SEND YOUR PROXY TO ANY CO-FILER.
TO VOTE YOUR PROXY, PLEASE FOLLOW THE INSTRUCTIONS ON YOUR PROXY CARD.</P>












<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P STYLE="font: 10pt Times New Roman; margin: 0pt 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT> <FONT STYLE="color: #1155CC"><U>https://www.ohchr.org/Documents/Publications/GuidingPrinciplesBusinessHR_EN.pdf</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>2</SUP></FONT> <FONT STYLE="color: #1155CC"><U>https://www.un.org/waterforlifedecade/human_right_to_water.shtml</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>3</SUP></FONT> <FONT STYLE="color: #1155CC"><U>https://sustainabledevelopment.un.org/sdgs,
</U></FONT>Goal #6, Clean Water and Sanitation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>4</SUP> <FONT STYLE="color: #1155CC"><U>https://materiality.sasb.org/</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>5</SUP> Wood Mackenzie, <FONT STYLE="color: #222222"><I>Permian
produced water: slowly extinguishing a roaring basin? (June 2018), </I></FONT><FONT STYLE="color: #1155CC"><U>https://www.woodmac.com/press-releases/permian-produced-water/</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>6</SUP> <FONT STYLE="color: #1155CC"><U>https://frontiergroup.org/sites/default/files/reports/EA_TroubledWaters_scrn_0.pdf</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>7</SUP> <FONT STYLE="color: #1155CC"><U>https://www.reuters.com/article/us-brazil-chevron-lawsuit/brazil-judge-dismisses-case-against-chevron-transocean-idUSBRE9900PR20131001</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1155CC"><U></U></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>8</SUP> <FONT STYLE="color: #1155CC"><U>https://www.forbes.com/sites/kenrapoza/2012/03/20/chevron-becomes-the-bp-of-brazil/#5b0cdb0a4697</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>9</SUP> <FONT STYLE="color: #1155CC"><U>https://www.denverpost.com/2017/11/01/colorado-regulators-fine-chevron-pipeline-spill/
http://www.staradvertiser.com/2018/09/27/breaking-news/chevron-to-pay-48k-penalty-for-hazardous-waste-violations-in-kapolei/</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>10</SUP> <FONT STYLE="color: #1155CC"><U>https://www.denverpost.com/2017/11/01/colorado-regulators-fine-chevron-pipeline-spill/</U></FONT><FONT STYLE="color: #222222; background-color: white">&nbsp;
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>11</SUP> <FONT STYLE="color: #1155CC"><U>https://ejatlas.org/conflict/protests-against-chevron-in-poland</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>12</SUP></FONT> <FONT STYLE="color: #1155CC"><U>https://www.theguardian.com/environment/2013/oct/21/chevron-shale-gas-exploration-omanian-pungesti</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>13</SUP> <FONT STYLE="color: #1155CC"><U>https://ejatlas.org/conflict/chevron-port-project-at-the-gulf-of-thailand</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>14</SUP> <FONT STYLE="color: #1155CC"><U>https://www.vanguardngr.com/2019/01/ijaw-community-begs-chevron-for-electricity-water/</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>15</SUP></FONT> <FONT STYLE="color: #1155CC"><U>https://www.reuters.com/article/us-angola-oil-chevron/angolan-fishermen-accuse-chevron-of-oil-spill-demand-compensation-idUSKCN0RT29A20150929&nbsp;
</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>16</SUP> <FONT STYLE="color: #1155CC"><U>https://www.business-humanrights.org/en/texacochevron-lawsuits-re-ecuador</U></FONT>.
The case is currently in international arbitration, where Chevron&rsquo;s responsibility for the pollution was affirmed and the
damages are currently being considered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>17</SUP> <FONT STYLE="color: #1155CC"><U>https://www.imdb.com/title/tt1326204/</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>18</SUP> <FONT STYLE="color: #1155CC"><U>https://www.youtube.com/watch?v=FK0Q452NkFQ</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>19</SUP> <FONT STYLE="color: #1155CC"><U>https://www.circleofblue.org/2010/world/qa-crude-director-joe-berlingers-take-on-chevron-in-the-ecuadorian-amazon/</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>20</SUP></FONT> <FONT STYLE="color: #1155CC"><U>https://www.ungpreporting.org/wp-content/uploads/UNGPReportingFramework_2017.pdf</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>21</SUP> <FONT STYLE="color: #1155CC"><U>https://www.corporatebenchmark.org/sites/default/files/2018-11/Chevron%20Corporation%20CHRB%202018%20Results%20on%2020181026%20at%20171342.pdf
</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>22</SUP></FONT> Guidance
for Companies on Respecting the Human Rights to Water and Sanitation (CEO Water Mandate Guidance) <FONT STYLE="color: #1155CC"><U>https://ceowatermandate.org/wp-content/uploads/2018/09/Guidance-on-Business-Respect-for-the-HRWS_(1).pdf.
</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>23</SUP></FONT> Instead,
Chevron identifies its salient issues as security providers, communities, suppliers, and employers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>24</SUP></FONT> <FONT STYLE="color: #1155CC"><U>https://www.chevron.com/corporate-responsibility/environment/water
</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>25</SUP></FONT> CEO Water
Mandate Guidance at 27.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>26</SUP></FONT><FONT STYLE="color: #1155CC">https://www.globalcompact.de/wAssets/docs/Menschenrechte/Publikationen/stakeholder_engagement_in_humanrights_due_diligence.pdf
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>27</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.chevron.com/projects/permian
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>28</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.chevron.com/stories/chevron-announces-agreement-to-acquire-anadarko
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>29</SUP></FONT><FONT STYLE="color: #1155CC"><U>http://www.latimes.com/nation/la-na-new-mexico-permian-basin-20180325-story.html</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>30</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.chevron.com/-/media/shared-media/documents/2017-corporate-responsibility-report.pdf</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>31</SUP></FONT> 2018 CDP
Beyond the Cycle Report: <FONT STYLE="color: #1155CC">https://www.cdp.net/en/investor/sector-research/oil-and-gas-report</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>32</SUP> <FONT STYLE="color: #1155CC"><U>https://www.circleofblue.org/2019/world/whats-up-with-water-water-stress-and-conflict-in-nigeria-and-more/</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>33</SUP></FONT> <FONT STYLE="color: #1155CC">https://www.e-education.psu.edu/fsc432/content/wastewater-treatment
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>34</SUP> <FONT STYLE="color: #1155CC"><U>https://chevroncorp.gcs-web.com/static-files/c3815b42-4deb-4604-8c51-bde9026f6e45</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>35</SUP> <FONT STYLE="color: #1155CC"><U>https://www.deseretnews.com/article/700039797/Oil-spill-in-Red-Butte-Creek-threatens-waters-wildlife.html</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>36</SUP> <FONT STYLE="color: #1155CC"><U>https://amazonwatch.org/work/chevron</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>37</SUP> <FONT STYLE="color: #1155CC"><U>https://www.huffingtonpost.com/2012/03/28/chevron-oil-spill-brazil-lawsuit_n_1385437.html</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>38</SUP> <FONT STYLE="color: #1155CC"><U>https://corpwatch.org/article/angolan-fishing-community-asks-chevron-oil-spill-compensation</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>39</SUP> <FONT STYLE="color: #1155CC"><U>https://www.vanguardngr.com/2018/11/delta-communities-protest-oil-spillage-2/</U></FONT></P>

<P STYLE="margin: 0pt 0"><SUP>40</SUP> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1155CC"><U>https://www.statista.com/statistics/535951/volume-of-spills-and-recovered-petroleum-of-chevron/</U></FONT></P>



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