Chevron Signs Agreement with Corporate Payment Solutions Leader WEX

South Portland, ME - 198 December 2016

Chevron Products Company, a division of Chevron U.S.A. Inc., has announced it has signed a long-term agreement with WEX Bank, a subsidiary of WEX Inc. (NYSE: WEX), a global provider of industry-leading corporate payments solutions, to issue and operate Chevron- and Texaco-branded commercial fleet cards commencing in January 2018.

Through this agreement, WEX will manage fleet card distribution and provide related payment services to Chevron and Texaco customers. WEX will also provide Chevron and Texaco customers with a complete range of features, functionality and solutions to manage their fleets, offering ongoing benefits to Chevron and Texaco customers.

“We’re excited to add the Chevron and Texaco brands to our commercial fleet card services portfolio and to leverage their strong market presence in the United States and Canada. We look forward to working with Chevron over the next year as we prepare to implement the program in 2018,” said Melissa Smith, WEX’s President and Chief Executive Officer. “The agreement with Chevron underscores our commitment to growth in the North American fleet market and offers fleet customers another robust fleet card program option with one of the most recognized brands in the industry.”

Additionally, Chevron and WEX will build a comprehensive sales and marketing program for direct sales and will also support the local efforts of Chevron and Texaco marketers and retailers through a network of nearly 8,000 branded retail locations in the United States and Canada.

“Chevron has provided a branded commercial card program for more than 30 years, attracting large, loyal customers to our Chevron- and Texaco-branded stations,” said Glenn Johnson, General Manager of Americas Marketing Sales & Services, Chevron. “Supporting our customers through our agreement with WEX further confirms our commitment to offering innovative payment solutions that bring ongoing benefits to this valued network.”

WEX Inc. (NYSE: WEX) is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing approximately 10 million vehicles and offering exceptional payment security and control across a wide spectrum of business sectors. WEX serves a global set of customers and partners through its operations around the world, with offices in the United States, Australia, New Zealand, Brazil, the United Kingdom, Italy, France, Germany, Norway, and Singapore. WEX and its subsidiaries employ more than 2,500 associates. The Company has been publicly traded since 2005, and is listed on the New York Stock Exchange under the ticker symbol “WEX.” 

Chevron Corporation is one of the world’s leading integrated energy companies. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power and produces geothermal energy; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. 

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