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 Reports First Quarter Income

Chevron Corp. has reported earnings of $4.55 billion ($2.27 per share – diluted) for the first quarter 2010, compared with $1.84 billion ($0.92 per share -diluted) in the 2009 first quarter. Results in the 2009 period included gains of approximately $400 million ($0.20 per share) from downstream asset sales. Foreign-currency effects reduced earnings in the

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,

Executive Vice President To Retire From Chevron

Chevron Corporation’s executive vice president, Charles A. James, will leave the company effective May 2, 2010. James, who intends to retire from the active practice of law, will join the adjunct faculty of the law school at Arizona State University and pursue other charitable ventures. This move is part of a planned transition under which

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