Revenue Transparency

Chevron supports greater transparency of payments made by extractive industries to governments in resource-rich countries and of revenues received by those governments. We believe that greater transparency will result in a more stable, long-term investment climate and higher levels of accountability for the effective use of the revenues.

In 2006, we continued to participate in the Extractive Industries Transparency Initiative (EITI) as a member of EITI's International Advisory Group (IAG). Chevron contributed to the recommendations that were presented to the international EITI conference in Oslo, Norway.

Chevron Vice Chairman Peter Robertson's speech at the Oslo conference can be viewed elsewhere on our Web site. The final IAG report, including the Validation Guide, can be viewed on the EITI Web site.