Chevron Corp. raised gross proceeds of $1.75 billion from an offering of 1.961% notes due 2020.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

Barclays Capital Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC were the lead underwriters.

Blaylock Beal Van LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Mischler Financial Group Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets LLC, RBS Securities Inc., SG Americas Securities LLC and Standard Chartered PLC also served as underwriters for the offering.