This link just appeared on the csy2k site:

http://sec.yahoo.com/e/l/c/chv.html

It's the SEC 10Q filing for Chevron Corp. My thanks to Mr. Robert Egan for posting the link and these excerpts:

"Because of the scope of Chevron's operations, the company believes it is impractical to seek to eliminate all potential Year 2000 problems before they arise. As a result, Chevron expects that its Year 2000 assessment and corrections will include ongoing remedial efforts into the year 2000."

"While the company believes that the impact of any individual Year 2000 failure will most likely be localized and limited to specific facilities or operations, the company is not yet able to assess the likelihood of significant business interruptions occurring in one or more of its operations around the world. Such interruptions could prevent the company from being able to manufacture and deliver refined products and chemicals products to customers. The company could also face interruptions in its ability to produce crude oil and natural gas."

There is more to read in the 10Q, but the above sums up the situation. Chevron appears to know there is not enough time left and is adopting a "fix on failure" mode. Does Chevron produce natural gas for utilities directly or is it just part of the overall supply chain? Here's some of the honesty we've all been looking for, and I applaud Chevron for their forthrightness. Now the question we have to ask ourselves is how we are going to respond to "bad news" honesty. Preparations seem more in order than ever. --

-- Anonymous, November 10, 1998