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Chevron drops Woods' event sponsorship

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THOUSAND OAKS, Calif. – Turns out that Tiger Woods won the last edition of the Chevron World Challenge.

Chevron has decided not to renew its title sponsorship of the tournament that Woods hosts at Sherwood Country Club to benefit his foundation. The company had been the title sponsor for four years.

Tournament director Greg McLaughlin says he feels confident that he will be able to find another title sponsor. The tournament has had three title sponsors since it began in 1999.

Meanwhile, McLaughlin says Sherwood Country Club has extended its contract to host the tournament through 2015.

Woods has won the tournament five times, although his victory Sunday was the first time he won when it was called the Chevron World Challenge.