Chevron Statement

Because of the scope of Chevron's operations, the company believes it is impractical to seek to eliminate all potential Year 2000 problems before they arise. As a result, Chevron expects that its Year 2000 assessment and corrections will include ongoing remedial efforts into the year 2000." "While the company believes that the impact of any individual Year 2000 failure will most likely be localized and limited to specific facilities or operations, the company is not yet able to assess the likelihood of significant business interruptions occurring in one or more of its operations around the world. Such interruptions could prevent the company from being able to manufacture and deliver refined products and chemicals products to customers. The company could also face interruptions in its ability to produce crude oil and natural gas."

-- Infidel (Barbarians@thegate.net), December 18, 1999

Answers

The company could also face interruptions in its ability to produce crude oil and natural gas.
I predict the SLEEPLE will continue to ignore this.

-- Dan G (thepcguru@hotmail.com), December 18, 1999.

I copied this months ago. Unfortunately, I purchased a new computer and did not keep the URL. I believe it came from the Bruce Beach web site. I am searching.

Figured this was old news.

Ladylogic, lets let it go. You meet all kinds of people, you'll need to develop a thicker skin. I'm still working on it.

-- Infidel (Barbarians@thegate.net), December 18, 1999.

www.chevron.com

Current Expectations

As part of the Securities and Exchange Commission's reporting requirements on the Year 2000 problem, companies must include a description of their "most reasonably likely worst-case scenarios" from potential Year 2000 issues. For Chevron, its business diversity is expected to reduce the risk of widespread disruptions to its worldwide operations from Year 2000-related incidents. The company does not expect unusual risks to public safety or to the environment to arise from potential Year 2000-related failures. While the company believes that the impact of any individual Year 2000 failure most likely will be localized and limited to specific facilities or operations, it is not yet able to fully assess the likelihood of significant business interruptions occurring in one or more of its operations around the world. Such interruptions could delay manufacturing and delivery of refined products and chemicals products by the company to customers. The company could also face interruptions in its ability to produce crude oil and natural gas. While not expected, failures to address multiple critical Year 2000 issues, including failures to implement contingency plans in a timely manner, could materially and adversely affect the company's results of operations or liquidity in any one period. The company is currently unable to predict the aggregate financial or other consequences of such potential interruptions.

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-- Infidel (Barbarians@thegate.net), December 18, 1999.

Infidel,

Yes, it is old news. I believe it was first dissected on this forum when Chevron released this statement on their 10-Q report to the SEC in, I believe, the third quarter. If my timing is correct, it would have become public knowledge sometime in early October. If you check the archives, and search for Chevron and 10-Q, you should find the previous discussions.

-- (RUOK@yesiam.com), December 18, 1999.