Funding assists with the opening of innovative microlender’s first West Coast branch. In an effort to support broad-based economic development in California, Chevron Corp. has committed $1 million to Grameen America, an innovative microfinance organization founded by Nobel Peace Prize laureate Muhammad Yunus. The funds are intended to support the launch of Grameen America’s first…
Gulf Oil Expands At Record Speed
Gulf Oil moves into 12 states and rebrands 400 stations in one year since announcing its national expansion. Marking the one year anniversary of acquiring the full national rights to the Gulf Oil brand from Chevron Corp., Gulf Oil, LP has achieved several significant milestones in its cross-country expansion. During this time, Gulf Oil has…
Chevron Appoints Macfarlane General Tax Counsel
Chevron Corp. has appointed C.N. “Sandy” Macfarlane general tax counsel and an officer of the corporation. In this position, Macfarlane will direct Chevron’s tax activities. He succeeds Thomas Schuttish who has retired after 30 years with the company. “Sandy is a recognized tax professional within the broader energy tax community,” said John Watson, Chevron’s chairman…
Chevron To Acquire Atlas Energy
Chevron Corp. is acquiring Atlas Energy for $3.2 billion in cash and assumed pro forma net debt of approximately $1.1 billion. The acquisition will provide Chevron with an attractive natural gas resource position primarily located in southwestern Pennsylvania’s Marcellus Shale. The acquisition is subject to certain Atlas Energy restructuring transactions, approval by Atlas Energy shareholders…
Chevron Releases Corporate Responsibility Report
Chevron Corp. invested $144 million in communities around the world, adopted a human rights policy and completed major energy efficiency projects, according to the company’s 2009 Corporate Responsibility Report, The Value of Partnership, which was issued this week. “Global economic prosperity and quality of life depend on secure supplies of reliable, affordable energy,” said John…
Chevron To Layoff Workers
Chevron Corp. is shrinking its staff from its crude-oil refining and marketing segments by more than 20% as fuel demand remains low, The Wall Street Journal reported. Some 2,000 workers were laid off in 2009, and an equal number of layoffs are ahead this year and more are expected to continue in 2011. In 2008,…
Chevron, Exxon Top Corporations for Women Businesses
The Women’s Business Enterprise National Council (WBENC) named Chevron and Exxon Mobil Corporation among America’s Top Corporations for Women’s Business Enterprises for providing growth opportunities to women business owners, in February. The WBENC’s annual listing is the only national award honoring corporations for world-class programs that create level playing fields for women’s business enterprises to…