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Chevron Supports Central and West Texas Flood Relief Efforts

1. Chevron donated $250,000 to flood relief efforts in Texas. 2. Community Foundation received $100,000 for rescue and recovery services. 3. Employee matching program adds potential $250,000 to donations. 4. Chevron's involvement in Texas strengthens its community presence. 5. Partnerships enhance reputation during local crises management.

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Why Bullish?

Chevron's community support enhances brand loyalty and positive sentiment among investors.

How important is it?

The article highlights Chevron's commitment to community, which can enhance its market perception and shareholder value.

Why Short Term?

Brand reputation improvements likely to influence price in the near term, similar to past community initiatives.

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- HOUSTON--(BUSINESS WIRE)--Chevron today announced a donation of $250,000 to three community partners, Community Foundation of the Texas Hill Country, Team Rubicon and the Fuel Relief Fund, to support flood relief efforts in Central and West Texas. Community Foundation of the Texas Hill Country will receive $100,000 to support local organizations providing rescue, relief and recovery services. Team Rubicon will receive $100,000 to assess damage, manage volunteers and prepare for large-scale debris removal in the impacted areas. Fuel Relief Fund will receive $50,000 to supply fuel for volunteer equipment and assist displaced residents and emergency responders. In addition to the donation, Chevron is introducing a 2:1 employee match contribution program, up to $250,000. This initiative allows Chevron to amplify its own employees’ giving to broaden its impact. "Chevron has a long history of responding to the needs in communities where we operate. Our partnership with these outstanding organizations will help provide essential aid to those impacted by the catastrophic floods," said Laura Lane, Chevron Chief Corporate Affairs Officer. “We also extend our sincere appreciation and gratitude to the volunteers and first responders who have worked tirelessly on the front lines of the relief efforts. They are who make us all Texas strong, Texas proud.” Chevron maintains a significant presence in Texas. With its corporate headquarters in Houston, the company also operates crude oil fields, a refinery, technical facilities and a network of pipeline assets throughout the state. About Chevron Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of our operations, grow new energies businesses and invest in emerging technologies. More information about Chevron is available at www.chevron.com. About Community Foundation of the Texas Hill Country The Community Foundation of the Texas Hill Country is dedicated to improving the quality of life in the Texas Hill Country by supporting charitable organizations and initiatives that address the region's most pressing needs. Visit The Community Foundation for more information. About Team Rubicon Team Rubicon (TR) is a veteran-led humanitarian organization that serves global communities before, during and after disasters and crises. Their vision is to support humanity and build resiliency for vulnerable communities across the world. Founded following the Haiti earthquake in 2010, the organization has grown to almost 180,000 volunteers across the United States and has launched over 1,100 operations both domestically and internationally. By pairing the skills and experiences of military veterans with first responders, medical professionals and technology solutions, TR aims to provide the greatest service and impact possible. Around the world, disasters are a part of life. No corner of the globe is spared from severe weather–be it crippling winter storms, catastrophic hurricanes, or unchecked wildfires. When disaster strikes, TR works alongside local governments and agencies to provide services to those who are most vulnerable. Visit www.teamrubiconusa.org for more information. About Fuel Relief Fund Fuel Relief Fund (FRF) is a volunteer-driven, 501(c)3 nonprofit organization based in the United States. In addition to our dedicated team at headquarters and Boards of Directors in the United States and the Netherlands, the FRF family consists of highly skilled and trained operational volunteers with fuel and emergency management backgrounds as well as fuel supply chain management experts with decades of experience. Visit About FRF | Fuel Relief Fund for more information. More News From Chevron Corporation

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