"The Sarbanes Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations. The law was enacted as a reaction to a number of major corporate and accounting scandals, including Enron and WorldCom. The law was created to help prevent those events from happening again. Chevron and other energy companies committed vast resources of time, money and manpower (“Human Energy”) to ensure Sarbanes Oxley compliance. Chevron successfully completed the acquisition of Noble Energy (“Noble”). However, after the completion of that acquisition, a Chevron employee, whose background is management, changed the accounting of the Colorado Noble assets to artificially enhance the quantity of liquids produced. This also pushed an initiative to do the same with the PDC Energy (“PDC”) acquisition, changing the accounting in the same artificial way to enhance liquids produced for the Colorado PDC assets in an attempt to make the acquisition look better than it was, thereby affecting reserve and operations economics. Enron like deceptive accounting practices, including claiming ownership for liquids which Chevron did not own, concealing operating expenses, inflating reserves, falsifying royalties. This also created a toxic work environment to prevent employees who wanted to continue to do the right thing (preventing harm from succeeding in his objective). The toxic work environment was made aware to management up to and including Chevron’s CEO, Mike Wirth. Those of us in the energy industry recall the harmful cloud and damage to employees and shareholders caused by Enron. Enron executives went to prison. Others will recall that Shell executives lost their jobs for misstating Reserves. The liability to Chevron could potentially be millions of dollars in penalties, fines and fees due to improper payment to royalty owners (including States, the Federal Government and private owners), plus loss of business from damage to reputation and loss of investor confidence. Chevron appears to no longer have the appropriate accounting controls in place to ensure compliance with Sarbanes Oxley, GAAP and SEC regulations. In the interest of protecting shareholders’ investment, the shareholder proposal is straightforward with four (4) actions for Chevron: Requested Actions 1. Provide full transparency of the accounting changes made to the Colorado based Noble Energy and PDC Energy assets. 2. Provide full transparency of the accounting differences between the Colorado based Noble Energy and PDC Energy assets and those in the Permian based Noble Energy and PDC Energy assets. 3. Cease and desist Enron like deceptive accounting practices. 4. Re instate adequate safeguards to ensure Sarbanes Oxley, GAAP, and SEC compliance."