Chevron Texaco Examination

Letter to Employees
TO ALL EMPLOYEES:
The ChevronTexaco Corporation combines companies with long and
proud histories and worldwide reputations for honesty and integrity ? two key
values of The ChevronTexaco Way. These well-deserved reputations not only
underlie our past accomplishments but also will be critical to our future success.
The ChevronTexaco Manual of Compliance Procedures and Guidelines
(the Manual) describes our policies both on the way we conduct ourselves and
on the way we do business around the world. We ask each of you whose jobs
require more detailed guidance than is contained in the companion
ChevronTexaco Business Conduct and Ethics Code to read the Manual and
become familiar with how the various policies relate to your job.
In brief, ChevronTexaco's policy is always to comply fully with both the
spirit and the letter of the law. But beyond that, we should conduct our business
with the highest standards of honesty and integrity -- wherever we operate.
Wherever the law is unclear or seems conflicting or we are in one of those gray
areas, we should conduct our business in such a way that we would be proud to
have all the facts disclosed.
No matter what our jobs may be, each of us may face ethical questions --
in our dealings with supervisors, peers and subordinates; with customers and
suppliers; with unions and governments; and with the communities in which we
live and work. These situations continually test our judgment and integrity in
the face of changing cultural values and increasing competitive pressures.
Often the test is not just what is illegal, but what is proper. Shortcuts, halftruths,
compromises and the expedient never should be allowed to replac ...
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