Chevron drops sponsorship of Woods' event

After winning his first event in more than two years at the Chevron World Challenge. Tiger Woods found out that Chevron will no longer be sponsoring his event.

They have been the title sponsor for Woods' event for the last four years.

Since its inception in 1999, the event has had three major title sponsors in that time, Williams (1999 - 2001), Target presented by Williams (2002 - 2003), Target presented by Countrywide (2004 - 2007) and Chevron (2008 - 2011).

Though Chevron has pulled out, Sherwood Country Club has renewed its contract with the event to be the host course through the year 2015.

Greg McLaughlin, tournament directors said he feels very confident another title sponsor will be secured before next year's event.

Woods has won the event four times, 2001, 2004, 2006, 2007 and 2011.

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