Chevron 2007 Annual Report Download - page 5

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Our technology strategies are centered on deliver-
ing superior performance in our core businesses
and establishing leading positions in emerging
and transformational technologies. To that end,
we opened two new Global Technology Centers —
in Aberdeen, Scotland, and Perth, Australia — to
expand our research and development capability. In
addition, we created a number of strategic alliances
with universities to conduct advanced research into
new energy sources and processes.
To build upon our organizational capability, in
2007 we restructured the upstream business into
four operating companies — North America; Asia-
Pacific; Africa and Latin America; and Eurasia,
Europe and Middle East. This new structure will
strengthen our focus on long-term growth, enhance
business partnerships, and drive more efficiency,
standardization and collaboration across the
organization.
Human Energy and Ingenuity
In 2007, we launched a new global advertising
campaign, “The Power of Human Energy.” It focuses
on the realities of energy today — the challenge
of meeting rising demand as the global economy
expands, together with the imperative to manage
the impact of energy consumption on the envi-
ronment. These are huge challenges. But as the
campaign makes clear, human ingenuity will discover
solutions as it has throughout history. The people of
Chevron are working every day to apply the kind of
ingenuity that will create responsible, practical and
sustainable solutions to these challenges.
Thank you for investing in our company. We
look forward to another year of achievement as we
continue to create value for our stockholders while
working to meet the world’s growing demand for
safe, reliable energy.
Dave O’Reilly
Chairman of the Board and
Chief Executive Officer
February 28, 2008