644,000 acres in the Horn River and Liard Basins.

     China In 2012, Chevron entered into an agreement to acquire two exploration blocks in the South China Sea's Pearl River Mouth Basin. Government approval is expected in 2013.

     Kurdistan Region of Iraq In third quarter 2012, Chevron acquired an 80 percent interest and operatorship in the Rovi and Sarta blocks.

     Lithuania In October 2012, Chevron acquired a 50 percent interest in a company with exploration interests in a shale gas block.

     Morocco In January 2013, the company announced that it had signed agreements to explore three offshore areas.

     Nigeria In February 2012, production commenced at the deepwater Usan project.

     Sierra Leone In September 2012, the company was awarded a 55 percent interest and operatorship in two deepwater exploration blocks.

     Suriname In November 2012, the company acquired a 50 percent interest in two offshore exploration blocks.

     Ukraine In second quarter 2012, the company bid successfully for the right to exclusively negotiate a 50 percent interest and operatorship in a shale gas block.

     United Kingdom In July 2012, the company initiated front-end engineering and design (FEED) for the deepwater Rosebank project west of the Shetland Islands.

     United States In October 2012, the company acquired additional acreage in New Mexico. A major portion of the acreage is located in the Delaware Basin, where the company is already one of the largest leaseholders.

In second quarter 2012, the company successfully bid for additional shelf and deepwater exploration acreage in the central Gulf of Mexico. In fourth quarter 2012, the company submitted high bids for additional deepwater acreage in the western Gulf of Mexico.

In the first quarter 2012, production commenced at the Caesar/Tonga project in the deepwater Gulf of Mexico.

Downstream

Caribbean During 2012, the company completed the sale of its fuels marketing and aviation businesses in eight countries in the Caribbean.

     Europe During first quarter 2012, the company completed the sale of its fuels marketing, finished lubricants and aviation businesses in Spain.

     Saudi Arabia In October 2012, the company's 50 percent-owned Chevron Phillips Chemical Company LLC announced that its 35 percent-owned Saudi Polymers Company began commercial production at its new petrochemical facility in Al-Jubail.

     South Korea During 2012, the company's 50 percent-owned GS Caltex affiliate completed the sale of certain power and other assets.

     United States In third quarter 2012, the company completed the sale of its idled Perth Amboy, New Jersey, refinery, which had been operating as a terminal.

In April 2012, the company's 50 percent-owned Chevron Phillips Chemical Company LLC announced the execution of FEED contracts for an ethane cracker at its Cedar Bayou facility in Baytown, Texas, and two polyethylene facilities near its Sweeny facility in Old Ocean, Texas.

Other

Common Stock Dividends The quarterly common stock dividend was increased by 11.1 percent in April 2012 to $0.90 per common share, making 2012 the 25th consecutive year that the company increased its annual