Chevron Reports First Quarter Net Income of $6.5 Billion, Compared to $6.2 Billion in First Quarter 2011.

•Portfolio produces strong earnings and cash flows.

•Key development projects on track to deliver longer-term volume growth.

•Dividend increase raises yield to 3.4 percent.

SAN RAMON, Calif., April 27, 2012 – Chevron Corporation (NYSE: CVX) today reported earnings of $6.5 billion ($3.27 per share – diluted) for the first quarter 2012, compared with $6.2 billion ($3.09 per share – diluted) in the 2011 first quarter.  The entire report can be read here