Chevron Commits $250,000 to Hurricane Helene Relief and Recovery Efforts

Rhea-AI Summary

Chevron (NYSE: CVX) has announced a $250,000 donation to support relief and recovery efforts following the devastation caused by Hurricane Helene in Florida, Georgia, North Carolina, South Carolina, and Tennessee. The funds will be distributed as follows:

• $125,000 to Fuel Relief Fund for regional relief efforts
• $75,000 to Team Rubicon for emergency response teams
• $50,000 to Volunteer Florida for volunteer mobilization and recovery efforts

Chevron will also match qualifying donations from employees and retirees, and provide financial contributions to organizations where its employees volunteer. The company has a significant presence in Florida and Georgia, supplying over 1,600 independently owned Chevron and Texaco stations and operating numerous fuel terminals in both states.

Positive

• Demonstrates corporate social responsibility through disaster relief support
• Potential for positive public relations and brand image enhancement
• Supports communities where Chevron has significant retail presence

Negative

• None.

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today announced a donation of $250,000 to support immediate relief and recovery efforts after Hurricane Helene devastated parts of Florida, Georgia, North Carolina, South Carolina and Tennessee, causing catastrophic flooding and damage. The funds will provide support for emergency team and volunteer efforts.

"This destructive hurricane has affected our neighbors far and wide, and our hearts go out to them," said Andy Walz, president of Downstream, Midstream and Chemicals. “We are committed to supporting the impacted communities during this challenging time as they navigate the recovery process."

• Fuel Relief Fund will receive $125,000 to support relief efforts throughout the impacted region
• Team Rubicon will receive $75,000 to aid emergency response teams
• Volunteer Florida will receive $50,000 to support volunteer mobilization and recovery efforts

In addition, Chevron will match qualifying donations employees and retirees make to hurricane relief efforts and will provide financial contributions to organizations where its employees volunteer. The aim of this collective financial assistance is to help communities in times of need.

Chevron has a large retail presence in both Florida and Georgia, supplying more than 1,600 independently owned Chevron and Texaco stations. In addition, Chevron has numerous fuel terminals throughout the two states.

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 and grow lower carbon businesses in renewable fuels, carbon capture and offsets, hydrogen and other emerging technologies. More information about Chevron is available at www.chevron.com.

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.

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 Volunteer Florida

Volunteer Florida, established in the Florida Statutes in 1994, manages national service programs and advocates for volunteerism across the Sunshine State. Over the years, Volunteer Florida has expanded its role to become the state's lead agency for mobilizing volunteers and coordinating donations before, during, and after disasters. This includes the management of the Florida Disaster Fund. In addition to disaster response efforts, Volunteer Florida remains steadfast in their mission to promote volunteerism through initiatives like Volunteer Connect, the state's official platform for volunteer opportunities. Through high-impact volunteer programs, Volunteer Florida engages Floridians, transforms communities, and helps make our state a better place to live. For more information, visit: www.volunteerflorida.org.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241003285862/en/

Randy Stuart +1 713-283-8609

Source: Chevron Corporation

FAQ

How much did Chevron (CVX) donate for Hurricane Helene relief efforts?

Chevron (NYSE: CVX) donated $250,000 to support immediate relief and recovery efforts after Hurricane Helene.

Which organizations will receive Chevron's Hurricane Helene relief donations?

Chevron's donations will be distributed to Fuel Relief Fund ($125,000), Team Rubicon ($75,000), and Volunteer Florida ($50,000).

How many Chevron and Texaco stations are affected by Hurricane Helene?

Chevron supplies more than 1,600 independently owned Chevron and Texaco stations in Florida and Georgia, areas impacted by Hurricane Helene.

Will Chevron (CVX) match employee donations for Hurricane Helene relief?

Yes, Chevron will match qualifying donations made by employees and retirees to hurricane relief efforts.