Chevron

Last edited by apocalypticbeef on July 11, 2008 - 11:07am
Company Snapshot: 

Chevron is the world's fifth largest global energy company and engages in oil exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. The company is implicated in corruption regarding the "Food for Oil" program in Iraq, agreeing to over 25 Million USD in fines. Many of Chevron's plants release toxic chemicals including dioxin causing harm to local populations and wildlife, and the company has racked up fines globally for numerous toxic releases.

Ownership status: 
Publicly traded
Number of employees worldwide: 
62,000
Chief executive officer: 
David J. O'Reilly
2008 Global Fortune 500 rank: 
6
Tel: 
925-842-1000
Corporate accountability
Accountability overview: 

In 1998 Chevron CEO Kenneth Derr, said, "Iraq possesses huge reserves of oil and gas - reserves I'd love Chevron to have access to." Former Chevron Director, Condoleezza Rice, now serves as National Security Advisor for the United States.

Environment and product safety: 

Over the span of around 30 years starting (accounts vary) between 1965 and 1972, Texaco extracted more than 1.5 billion barrels of oil from the Ecuadorian Amazon and dumped 18.5 billion gallons of toxic waste and 17 million gallons of oil--more than the Exxon Valdez oil spill-- into the rainforest, contaminating streams, soil and estuaries, according to a complaint filed by five indigenous groups and 80 communities in the Ecuadorian Superior Court lawsuit Aguinda v. ChevronTexaco. This landmark suit represents over 30,000 people, many of them indigenous, who are now suffering a public health crisis, including a wave of cancers, birth defects and stillbirths. In April 2008, a court-appointed expert set damages against Texaco at between $7 billion and $16 billion. Under Ecuador’s legal system; it is now up to the judge to decide whether Chevron are liable, a decision expected in late 2008.

Texaco’s alleged pollution was avoidable. Instead of opting to comply with the standard industry practice of re-injecting toxic by-products into well cavities hundreds of feet into the ground (a practice that had been in effect for more than a half-century in the US when Chevron began drilling in Ecuador), Texaco executives decided to save approximately $3 per barrel by dumping the wastewater, laced with carcinogens and heavy metals including lead, directly into the natural environment.

Nearly 700 open-air toxic waste pits, some the size of football fields, filled with oil contamination have been found, many of which are also littered with the carcasses of animals that have fallen into them. As the toxic contents of the waste pits has seeped into the groundwater systems on which local communities depend, childhood leukemia rates have risen to four times higher than in other parts of Ecuador. Other health problems to rise include mouth and uterine cancer, spontaneous miscarriages, and birth defects childhood leukemia rates are four times higher and young children routinely die of lukemia.

In Burma, Chevron owns a 28 percent stake of the pipeline called the "Yadana project" which is the largest source of income for the Burmese government, at $969 million a year in 2008. Total is also part owner of the project that was grandfathered in, before sanctions prevented similar project from being contracted to foreign companies.

Human rights: 

The company has been accused by many organizations of "environmental racism" because it's owns facilities that pollute regions with a high concentration of African American, Southeast Asian and Latino communities.

Social responsibility: 

Shareholders and the general public are becoming increasingly concerned about Chevron’s failure to humanely and decisively deal with its legacy issue in Ecuador. The cities of both Berkeley and San Francisco — on the doorstep of Chevorn’s world headquarters in San Ramon, Northern California--have passed resolutions condemning the oil major’s human rights and environmental violations

Location(s)

HQ
6001 Bollinger Canyon Rd.
San Ramon, CA, 94583
United States
See map: Google Maps