Oil and gas
USA's #2 integrated oil company, behind Exxon Mobil. Chevron also owns interests in chemicals, mining, pipeline, and power production businesses.
Amazon Watch's Chevron Toxico campaign is calling for a boycott of Chevron for deliberately dumping 18 billion gallons of toxic oil waste into the Ecuadorian Amazon and failing to clean it up. Now Chevron is suing anyone who speaks out against it.
[Source 2020][More on Habitats]
This company ranked 9th on the list of 100 oil & gas companies in the 2016 Carbon Underground 200, a ranking of fossil fuel companies being targeted for divestment. Companies are ranked by the potential carbon emissions content of their proven reserves. The reserves of these companies total almost five times more than can be burned for the world to have an 80% chance of limiting global temperature rise to 2°C.
[Source 2016][More on Climate Change]
Chevron is responsible for one of the largest environmental disasters in history. Today the oil giant is waging unprecedented public relations and lobbying campaigns to avoid having to clean up environmental and public health catastrophes that continue today. Follow link to read more about the Rainforest Actin Network's campaign against Chevron.
[Source 2014][More on Habitats]
Chevron has operated in Tengiz, Kazakhstan, since 1993. This 2013 report by Crude Accountability chronicles Chevron's impact on the environment and the rights of workers and local residents through its operations in Tengiz. Chevron owns 50% of Tengizchevroil (TCO), the operator at Tengiz. TCO was fined US$33m in 2010 and over US$79m in 2012 by Kazakhstan courts for polluting the environment.
[Source 2013][More on Human Rights]
This company is on Global Exchange's "Top Ten Corporate Criminals Alumni" for several serious human rights violations including damaging ecosystem and people of Ecuador, repression of protest to oil extraction, and Brazil spill.
[Source 2017][More on Human Rights]
As You Sow's 2019 report, Mining the Disclosures, is a deep analysis of 215 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was 3.3% (Weak).
[Source 2019][More on Human Rights]
As You Sow's 2019 report, 'Disclosing the Facts: Transparency and Risk in Hydraulic Fracturing Operations', benchmarks 28 companies engaged in hydraulic fracturing ('fracking') against investor needs for disclosure of operational impacts and mitigation efforts. This company only succeeded in disclosing information on 5 of the 43 indicators related to management of toxic chemicals, water and waste, air emissions, methane leakage and community impacts.
[Source 2019][More on Governance]
This company received a score of 37.7/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
[Source 2017][More on Sustainability Reporting]
In 2018 the Union of Concerned Scientists published their Climate Accountability Scorecard, which measures the progress of major fossil fuel companies to stop spreading climate disinformation and to fix their business plans to achieve dramatic reductions in global warming emissions. This company rated Egregious for disinformation, Poor for business planning, and Fair for policy and disclosure.
[Source 2018][More on Governance]
This company is on OpenSecrets.org's list of the 100 top donor organisations in US federal-level politics since 1989. Companies on this list lobby and spend big, with large sums sent to candidates, parties and leadership PACs. This company comes in at number 80 on the list, with donations totalling US$25,568,144 between 1989 and 2018.
[Source 2018][More on Politics]
In January 2013 The California Division of Occupational Health & Safety issued 25 citations against Chevron with penalties of $963,200 for safety standard violations on 6 August 2012 related to the fire at the Richmond refinery factory. The penalties are the highest in California's history and the highest allowed under state law. In August 2013 Chevron agreed to pay $2m in fines and restitution which were additional to the $10m paid to affected community workers and local government agencies.
[Source 2013][More on Governance]
Public Eye Awards are given to companies with the worst record in terms of environmental pollution and human rights violations. Chevron received the award in 2006 for contaminating large areas of pristine rain forest in northern Ecuador for nearly 30 years (under its former name Texaco). To this day, it refuses to carry out a comprehensive cleanup of this Amazon region. Listed under information due to age of award.
[Source 2006][More on Habitats]
Named one of Multinational Monitor's '10 Worst Corporations of 2008'. [listed under information due to age of report]
[Source 2008][More on Habitats]
Major corporations, including this one, use prison labour in the USA, where prisoners are paid slave wages as low as 23 cents an hour doing work which is often dangerous, toxic and unprotected. While much of the work done by prisoners is for the military, other major corporations are taking advantage of the cheap labour in both federal and state US prisons.
[Source 2013][More on Workers Rights]
This company appeared sixth on RepRisk's top ten "most environmentally and socially controversial companies of 2010". Companies on the list were severely criticised during 2010 by the world's media, governments and NGOs. Chevron received attention in the press in 2010 for the ongoing lawsuit in Ecuador, complicity in human rights violations Myanmar and Nigeria, tar sands operations, and controversial operations in Kazakhstan and Australia. [Listed under Information due to age of report]
[Source 2010][More on Human Rights]
The True Cost of Chevron - An Alternative Annual Report (May 2011) provides details of Chevron's activities around the world including intensification of controversial liquefied natural gas projects in Western Australia; Government fines in Kazakhstan of $64m for levels of toxins emitted; two extrajudicial killings by the Burmese army providing security for the Yadana pipeline; an Ecuadorian court ordering a $9.5b cleanup for contamination; an explosion in Indonesia leaving two children burnt and a community devastated; and disenfranchising dissenting shareholders by denying them admission to the company's AGM.
[Source 2011][More on Governance]
As You Sow's 2019 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, John S. Watson came in at number 55 on the list, having been paid US$24,781,568 in 2018. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
[Source 2019][More on Finance]
This company is listed on the Federal Contractor Misconduct Database as having 37 instances of misconduct since 1995 amounting to US$537 million in penalties. Instances include fines related to oil spills, pipeline leaks, air pollution and Oil For Food program kickbacks.
[Source 2014][More on Governance]
This company is a strategic member of the Center for Responsible Shale Development (CRSD), a collaborative effort of environmental organizations, philanthropic foundations, energy companies and other stakeholders committed to safe, environmentally responsible shale resource development (ie. fracking).
[Source 2019][More on Multi-Stakeholder Initiatives]
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
[Source 2017][More on Human Rights]
The 2019 Corporate Human Rights Benchmark assessed 200 of the largest publicly traded companies in the world from the Agricultural Products, Apparel, Extractives and ICT Manufacturing sectors on 100 human rights indicators. This company's score was in the 30-40 band range. The overall average score was a disappointing 24%.
[Source 2019][More on Human Rights]
This company received an S&P Global ESG Score of 40/100 in the Oil & Gas - Upstream & Integrated category of the 2019 SAM Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices. The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
[Source 2019][More on Sustainability Reporting]
This company is listed on the Facing Finance website as a company that manufactures weapons or profits from violations of human rights, pollution, corruption, or international law. Follow link for further details.
The Corporate Research Project's Corporate Rap Sheets are dossiers summarising the most significant crimes, violations and other questionable activities of the world's largest and most controversial companies. Follow link to see this company's Corporate Rap Sheet. "Chevron is a frequent target of criticism by environmental groups and human rights organizations for its practices in the United States and countries such as Ecuador, Nigeria, Burma, Chad and Angola."
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
|Company Structure||Public company|
|Revenue||US$242 billion in 2012|
|# Employees||58,286 in 2012|
|Subsidiaries||Chevron Australia Holdings Pty Ltd|
|Address||San Ramon, California, USA|