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4-Traders Homepage  >  Equities  >  Nyse  >  Chevron Corporation    CVX

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Chevron Corporation : Fuel Your School Program Benefits Nearly 700,000 Students in Nine Communities Across the U.S.

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01/16/2013 | 03:05pm CEST

Chevron-DonorsChoose.org program funded $4.49 million dollars for classroom projects based on 8+ gallon fuel purchases and online project postings

Chevron U.S.A. Inc. and DonorsChoose.org today announced that its Fuel Your School program funded $4.49 million, benefitting local classroom projects at 1,733 K-12 public schools across the country and impacting a total of 697,904 students in 2012.

Through Chevron's Fuel Your School program, 5,673 teachers in nine markets received critical classroom resources. Ashley Pelafigue, a kindergarten teacher at Pierre A. Capdau Charter School in New Orleans, recently received classroom materials to replace items that were lost years ago during Hurricane Katrina. Now she can teach about plants, matter and the solar system using learning libraries and activity tubs to help her eager young students explore these topics further and solve science and math problems.

"There are many obstacles that my students have to overcome," said Pelafigue. "I am so grateful for the materials received through the Fuel Your School program. These new resources give them a chance to learn and succeed in subjects that are vital to their academic success."

Through the Fuel Your School program, Chevron contributed $1 for purchases of eight or more gallons, up to a total contribution of nearly $5 million, between Oct. 1 and Oct. 31 at participating Chevron and Texaco stations in nine U.S. markets, including St. Tammany, Orleans and Plaquemines parishes, La.; Harris County, Texas; Jackson County, Miss.; Salt Lake and Davis counties, Utah; Multnomah County, Ore.; and Sacramento, Kern, Orange, Alameda and Contra Costa counties, Calif. In total, $4.49 million dollars were generated to benefit public school classroom projects posted on DonorsChoose.org.

"Fuel Your School is a unique approach to help our local public schools and ignite a drive for learning in hundreds of thousands of individual students," said Dale Walsh, president, Chevron America's Products. "By working with a specialized and innovative nonprofit such as DonorsChoose.org, we can dramatically expand our investments to deliver the resources that teachers really need, quickly and efficiently."

The purpose of the Fuel Your School program is to help support and improve critical education programming and materials, particularly in the STEM subjects - science, technology, engineering and math - to help prepare students for the growing number of technical jobs in the modern economy, including possible engineering positions at Chevron.

"Teachers spend on average more than $350 of their own money every year on materials for their students," said Charles Best, CEO of DonorsChoose.org. "Chevron is quick to respond to this incredible demand and as a result, the Fuel Your School program has grown to impact nearly 700,000 students across nine U.S. markets this year."

Since its inception in 2010, Fuel Your School has benefitted 8,915 classroom projects at 1,924 schools. The program has grown each year to support students in communities where the company has significant business operations. Chevron works with local communities, governments and non-profit organizations to help increase learning opportunities for students and support the development of the social and economic vitality of each community. Over the past three years, Chevron has contributed nearly $100 million for education in the U.S.

An infographic showing the impact of the 2012 Fuel Your School program and top most requested STEM resources for classrooms is available at http://www.fuelyourschool.com. Portions of projects were funded by other third-party donations.

About Chevron

Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.

About DonorsChoose.org

Founded in 2000, DonorsChoose.org is an online charity that makes it easy for anyone to help students in need. Public school teachers from every corner of America post requests, and individuals can give directly to the ones that inspire them. To date, 250,000 public and charter school teachers have used DonorsChoose.org to secure $165 million in books, art supplies, technology, and other resources that their students need to learn.

Chevron Corporation
Brent Tippen, 925-790-3938

© Business Wire 2013
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Financials ($)
Sales 2016 120 169 M
EBIT 2016 2 825 M
Net income 2016 -117 M
Debt 2016 39 131 M
Yield 2016 4,24%
P/E ratio 2016 2 775,34
P/E ratio 2017 22,17
EV / Sales 2016 1,92x
EV / Sales 2017 1,45x
Capitalization 191 105 M
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Number of Analysts 27
Average target price 111 $
Spread / Average Target 10%
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John S. Watson Chairman & Chief Executive Officer
Patricia E. Yarrington Chief Financial Officer & Vice President
Joseph C. Geagea EVP-Technology, Projects & Services Divisions
Robert E. Denham Lead Independent Director
Carl W. Ware Independent Director
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