Achieved one of the best safety records in the industry
Reduced flaring and venting in operations by 33 percent
Increased social investment in communities to over $200
Spent $2.1 billion on goods and services from small U.S.
SAN RAMON, Calif.--(BUSINESS WIRE)--May. 10, 2012-- Chevron
Corporation (NYSE: CVX) achieved one of the best safety
records in the industry, reduced flaring and venting in its
operations by 33 percent compared with 2003 levels, invested
$209 million in communities where it operates, and spent more
than $2.1 billion on goods and services from small U.S.
businesses, according to the company's 2011 Corporate
"Affordable energy is a cornerstone of human progress
and economic prosperity," said Chairman of the Board and
Chief Executive Officer John Watson. "In producing and
delivering energy, our goal is to ensure that our operations
and social investments create measureable and enduring value
to the communities where we operate."
Chevron's 2011 Corporate Responsibility Report highlights
the company's performance in such areas as safety,
environmental stewardship, health, education, economic
development and human rights. Top achievements in the report
Chevron continued its strong workforce safety performance
in 2011, maintaining its industry-leading rate of
recordable injuries level from 2010 -- the best year for
safety performance in the company's history. This
success reflects Chevron's long-term commitment to
continually reduce and eliminate all incidents and
injuries, and implement specific initiatives such as
company-wide process safety standards.
Chevron has taken significant steps to conserve energy
resources, including commercializing previously flared
natural gas and improving energy efficiency of its global
operations by 34 percent since 1992.
Chevron invested over $200 million to support community
programs around the world, with a focus on health,
education and economic development.
Health:Chevron pledged $20 million over five years to
support a global action plan to eliminate
mother-to-child transmission of HIV.
Education: Chevron's Energy for Learning program
has supported the education of thousands of children
and adults in countries such as China, Malaysia, New
Zealand, Pakistan, the Philippines, Singapore, South
Africa, Thailand and the United Kingdom.
Economic Development: The company launched
theChevron-Liberia Economic Development Initiative,
delivering sustainable benefits to women, children and
youths by helping to fund 36 projects in hospitals,
vocational training centers, schools and communities.
Chevron's investmentsin local suppliers and contractors
helped foster economic development in countries where it
operates. In the United States last year, the company spent
$2.1 billion with small businesses and over $800 million
for goods and services with women- and minority-owned
Chevron continued its commitment to respecting global human
rights. The company began global implementation of its
Human Rights Policy to foster greater awareness of human
rights issues throughout the company and enhance
capabilities to manage them. The Human Rights Campaign
Corporate Equality Index gave Chevron a 100 percent rating
for the seventh consecutive year.
In a recent Fortune Magazine survey of "The World's
Most Admired Companies," Chevron ranked among the top 10
in social responsibility and first among peers in the
petroleum refining industry.
The company's report contains compelling examples of
significant initiatives from across the globe. One example is
in Nigeria, where Chevron continued to provide jobs and
sustainable economic development while fostering innovative
multistakeholder partnerships and socioeconomic investment
models. Chevron's Global Memorandum of Understanding
program in the Niger Delta has delivered more than 200
projects in 425 communities, villages and chiefdoms
benefiting some 850,000 people. Chevron launched the Niger
Delta Partnership Initiative and announced a five-year, $50
million endowment, including a partnership with USAID, to
build capacity and promote long-term economic sustainability.
Other examples of significant corporate responsibility
activity include launching the Green Corridor Initiative in
Indonesia to plant 250,000 trees over the next five years,
partnering withorganizations in Colombia to build health
clinics and develop water wells to supply 100,000 people, and
investing nearly $100 million in education across California
and the United States between 2009 and 2011.
Chevron is one of the world's leading integrated energy
companies, with subsidiaries that conduct business worldwide.
The company is involved in virtually every facet of the
energy industry. Chevron explores for, produces and
transports crude oil and natural gas; refines, markets and
distributes transportation fuels and lubricants; manufactures
and sells petrochemical products; generates power and
produces geothermal energy; provides energy efficiency
solutions; and develops the energy resources of the future,
including biofuels. Chevron is based in San Ramon, Calif.
More information about Chevron is available at http://www.chevron.com.