Jacobs Receives Expanded Master Services Agreement to Provide Construction Management for Chevron’s U.S. Refineries and Terminals

August 9, 2017

MSA to Deliver Integrated Project Delivery Solutions for Downstream
Facilities

DALLAS–(BUSINESS WIRE)–Jacobs
Engineering Group Inc. (NYSE:JEC) signed a Master Services Agreement
(MSA) expansion amendment with Chevron
Products Company (Chevron) to provide elective construction
management (CM) services on an as-needed basis at the company’s
refineries located in El Segundo and Richmond, California, Pascagoula,
Mississippi, and Salt Lake City, as well as at various terminals
throughout the U.S. In addition to providing existing engineering and
procurement (EP) services, the MSA amendment enables Jacobs to provide
Integrated Project Delivery (IPD) solutions to Chevron at these
locations.

IPD is a project delivery approach that integrates people, systems,
business structures and innovative practices into a process that
optimizes project results, increases value to facility owners, reduces
hours in the field and rework, and maximizes efficiencies through all
phases of the project.

“As an experienced Integrated Project Delivery (IDP) provider of
innovative end-to-end solutions, we will support Chevron’s facility and
business objectives while delivering engineering, procurement and
construction management (EPCM) services at the company’s U.S. refineries
and terminals,” said Jacobs Global Field Services Senior Vice President
and General Manager Valerie Roberts.

Chevron Products Company is a division of Chevron, U.S.A., Inc., a
wholly owned subsidiary of Chevron Corporation, one of the world’s
leading integrated energy companies. For more information, visit www.chevron.com.

Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs over 54,000 people and operates in more than 25
countries around the world. For more information, visit www.jacobs.com.

Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our Form 10-K for the year
ended September 30, 2016, and in particular the discussions contained
under Items 1 – Business, 1A – Risk Factors, 3 – Legal Proceedings, and
7 – Management’s Discussion and Analysis of Financial Condition and
Results of Operations. We do not undertake to update any forward-looking
statements made herein.

Contacts

Jacobs Engineering Group Inc.
Salim Rahimi, 214.583.8428

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