Chevron Donates $1.4 Million to Aid Victims of the Earthquake in Central China
SAN RAMON, Calif., May 16, 2008 - Chevron Corporation (NYSE: CVX) today announced that it will contribute $1.4 million (approximately 10 million yuan) towards relief efforts in the aftermath of the earthquake that struck Sichuan Province in central China on May 12.
The funds will be directed to the Sichuan Province Red Cross, an affiliate of the Red Cross Society of China. Chevron has an interest in the Chuandongbei gas project, which is located in the province.
"The need for humanitarian assistance is vast and immediate," said Chevron Vice Chairman Peter Robertson. "Our contribution to the Red Cross will support its critical efforts to assist those affected by this devastating earthquake."
"We are concerned for the well-being of those in the local communities," said Jim Blackwell, president of Chevron Asia Pacific Exploration and Production. "Chevron's contribution is intended to help the many in the region who have been displaced by the tragedy."
Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business across the globe. The company's success is driven by the ingenuity and commitment of approximately 59,000 employees who operate across the energy spectrum. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops and commercializes the energy resources of the future, including biofuels and other renewables. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
Updated: May 2008