Chevron Canada Launches US$6B Commercial Paper Program

On July 13, 2001, Chevron Canada Capital Company initiated a US$6 billion commercial paper program. The commercial paper consisted of Short Term Promissory Notes unconditionally guaranteed by Chevron Corp. Chevron Canada Capital Company is wholly-owned by Chevron Standard, Ltd., an indirect-wholly owned subsidiary of Chevron Corp. CIBC World Markets Inc. acted as the issuing agent.

Bruce Lawrence and Seema Johal of Parlee McLaws (Calgary) acted on behalf of Chevron Canada Capital Company. Ruth Modisette and David Koeninger of Pillsbury Winthrop LLP (San Francisco) represented Chevron Corporation on matters relating to the guarantee. Handling the transaction in-house was Richard Pashelka, General Counsel for Chevron Canada Limited while Linda Unger and Michelle Dudar (Calgary) were responsible for the Canadian Treasury aspects.


Seema S. Johal Ruth Modisette Jason E. Moyse Bruce A. Lawrence David M. Koeninger Patti Sinclair


Pillsbury Winthrop Shaw Pittman LLP Parlee McLaws LLP