NWO Website Exposes Official List of Companies Involved

The World Economic Forum

 http://www.weforum.org/world-economic-forum

  • is an International Institution committed to improving the state of the world through public-private cooperation.
  • engages political, business, academic and other leaders of society in collaborative efforts to shape global, regional and industry agendas.  Together with other stakeholders, it works to define challenges, solutions and actions, always in the spirit of global citizenship.
  • serves and builds sustained communities through an integrated concept of high-level meetings, research networks, task forces and digital collaboration.
  • delivers unique value to its Partners, Members and Constituents through its Annual and Regional Meetings, its Centres dedicated to global, regional, and industry issues, its future-oriented communities of New Champions, its expert networks of Global Agenda Councils, its TopLink knowledge and interaction platform and the Forum Academy.
  • was established in 1971 as a not-for-profit Foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests, working in close cooperation with all major international organisations.
  • strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at the heart of everything it does.
  • Read the Annual Report 2013 – 14 here.
Professor Klaus Schwab
Professor Klaus Schwab, Founder and Executive Chairman

From our Founder 

“We live in a fast-moving, highly interconnected world, and our existing systems, structures and formal institutions no longer suffice. Pressing global problems can arise quickly and without warning. At the same time, new and unprecedented opportunities for global growth and positive change are emerging and must be harnessed for the future of humanity.

Barriers between political, economic and social issues have dissolved. The new reality of our networked society is that global, regional and industry developments are completely intertwined. Technological revolutions are changing the context for decision-making and disrupting our conventional decision-making processes.

Today, to address these issues, the world needs a level of global cooperation that is increasingly difficult to attain, precisely due to the growing complexities and interdependencies in the world.

The Forum’s experience since its foundation in 1971 shows there are few issues that cannot be adequately progressed by convening the most relevant actors from all sectors – business, government and civil society – in a high-level, informal environment of trust. Among international institutions, the Forum is an impartial platform for transforming dialogue into insights, insights into agendas, and agendas into action. This provides the practical basis for our mission: to improve the state of the world by serving as a trusted partner of all the stakeholders of global society as they embark upon transformation processes in response to the profound economic, social and political changes sweeping our world.

I encourage you to download our Institutional brochure, which explains in greater depth how we are organized as a community of communities to generate interaction, insight and impact from our activities.”

Leadership and Governance

The World Economic Forum is governed by its Foundation Board. The Foundation Board is the guardian of our mission, values and brand. It is responsible for inspiring business and public confidence in the Forum through an exemplary standard of governance. Individuals with unique leadership experience – from business, politics, academia and civil society – participate for three years in the Board’s activities. The Board’s role includes: managing the statutes of the World Economic Forum and its institutions; appointing new members; reviewing fund applications; determining and monitoring the execution of the World Economic Forum’s strategies; and defining the roles of the Managing Board and committees, including the review of strategies and activities in light of the Forum’s mission.

Foundation Board Members

  • Patrick Aebischer photo
  • Mukesh D. Ambani photo
  • Peter Brabeck-Letmathe photo
  • Mark J. Carney photo
  • Victor L. L. Chu photo
  • Orit Gadiesh photo
  • Carlos Ghosn photo
  • Herman Gref photo
  • Angel Gurría photo
  • Jim Hagemann Snabe photo
  • Susan Hockfield photo
  • Donald Kaberuka photo
  • Klaus Kleinfeld photo
  • Christine Lagarde photo
  • Peter Maurer photo
  • Luis Alberto Moreno photo
  • Indra Nooyi photo
  • H.M. Queen Rania Al Abdullah of the Hashemite Kingdom of Jordan photo
  • Peter Sands photo
  • Joe Schoendorf photo
  • Klaus Schwab photo
  • Heizo Takenaka photo
  • George Yeo photo
  • Jack Ma Yun photo
  •  Min Zhu photo

 

The Forum’s activities are managed by its executive leadership. Led by Founder and Executive Chairman Professor Klaus Schwab, the leadership and staff of the Forum comprise exceptional individuals from all walks of life and over 60 nationalities. This global depth and experience ensures our ability to fully support our global membership and their engagement on global issues.

Chairman

Klaus Schwab photo

Klaus Schwab

Founder, Executive Chairman

Management Committee

David Aikman photoDavid Aikman Head of New Champions
Jennifer Blanke photoJennifer Blanke Chief Economist
Espen Barth Eide photoEspen Barth Eide Head of the Centre for Global Strategies, Member of the Managing Board
Paolo Gallo photoPaolo Gallo Chief Human Resources Officer
Julien Gattoni photoJulien Gattoni Chief Financial Officer
W. Lee Howell photoW. Lee Howell Head of Global Programming, Member of the Managing Board
Jeremy Jurgens photoJeremy Jurgens Chief Information and Interaction Officer
Helena Leurent photoHelena Leurent Head of Business Engagement
Adrian Monck photoAdrian Monck Head of Public Engagement
Gilbert J. B. Probst photoGilbert J. B. Probst Dean, Leadership Office and Academic Affairs
Philipp Rösler photoPhilipp Rösler Head of the Centre for Regional Strategies, Member of the Managing Board
Richard Samans photoRichard Samans Head of the Centre for the Global Agenda,
Member of the Managing Board
Jim Hagemann Snabe photoJim Hagemann Snabe Chairman, Centre for Global Industries
Murat Sonmez photoMurat Sonmez Chief Business Officer, Member of the Managing Board
Jean-Luc Vez photoJean-Luc Vez Head of Security Policy and Security Affairs
Dominic Kailash Nath Waughray photoDominic Kailash Nath Waughray Head of Public-Private Partnerships
Alois Zwinggi photoAlois Zwinggi Head of Operations and Resources, Member of the Managing Board

 

Strategic Partners

A

Y

Z

Industry Partner Groups

Z

Regional Partners

A

  • Abdul Latif Jameel Co.,
  • Aflac Japan,
  • African Development Bank Group,
  • African Rainbow Minerals,
  • AirAsia,
  • Al Dabbagh Group,
  • Al Dahra Holding,
  • Alghanim Industries,
  • Alshaya Group,
  • Apollo Tyres Ltd,
  • averda,
  • Axiata Group Berhad,

B

  • Bajaj Auto,
  • Bank Mandiri,
  • Barclays Africa Group Limited,
  • BNP Paribas,
  • Burgan Bank,

C

  • Capital Bank,
  • Comision Federal de Electricidad,
  • Crescent Enterprises,
  • Crescent Petroleum,

D

  • Dana Gas,
  • Development Bank of Southern Africa,

E

  • Ecobank Transnational,
  • Emirates NBD,
  • European Bank for Reconstruction and Development,
  • European Investment Bank,

F

  • First Bank of Nigeria,
  • FirstRand,
  • Flour Mills of Nigeria,

G

  • Gentera,
  • GMR Group,
  • Goldcorp Inc.,
  • Greenberg Traurig,
  • Grupa Azoty,
  • Grupo Lauman,

H

  • Habboush Group,
  • Habib Bank,
  • Hikma Pharmaceuticals,
  • Hindustan Powerprojects Pvt.,

I

  • Industrial Development Corporation of South Africa,
  • Intercorp,
  • Interprotección,
  • Investec,

K

  • KIO Networks,
  • Kirin Holdings,

L

  • Lippo Group,
  • Lulu Group International,

M

  • Majid Al Futtaim Holding,
  • Mitsubishi Heavy Industries,
  • Mizuho Financial Group,
  • MMI Holdings Limited,

N

  • Naspers,
  • Nigeria LNG Limited,

O

  • Oando,
  • OAO Tatneft,
  • OHL México, S.A.B. DE C.V.,
  • OJSC “Bank Otrkritie Financial Corporation,
  • OJSC Mining&Metallurgical Company “Norilsk Nickel,
  • The Olayan Group,
  • Omnilife-Angelíssima Group,
  • Ooredoo Group,
  • Orrick, Herrington & Sutcliffe,
  • Overseas Infrastructure Alliance,

P

  • PAIPED,
  • Palestine Telecommunications Company,
  • PPF a.s.,

Q

  • Qalaa Holdings

R

  • Rajesh Wadhawan Group,
  • RDIF Management Company ,
  • RGE Pte Ltd,
  • RMZ Corp.,

S

  • Samruk-Kazyna,
  • San Miguel Corporation,
  • SapuraKencana Petroleum Berhad,
  • Sasol,
  • Saudi Telecom,
  • SBI Holdings,
  • Seplat Petroleum Development Company,
  • SICPA Holding,
  • Sinar Mas, Agribusiness & Food,
  • SM Investments Corporation,
  • SMFG,
  • The Standard Bank Group Limited,

T

  • Telkom,
  • Tokio Marine Holdings,
  • Transnet SOC Ltd,

U

  • United Phosphorus

V

  • Vision 3,
  • Visy Industries Pty ,
  • VPS Healthcare,

W

  • Wilmar International Limited

Y

  • YTL Corporation Berhard

Year in review 2014

From Wikipedia, the free encyclopedia

2014 (MMXIV) is the current year, and is a common year starting on Wednesday of the Gregorian calendar(dominical letter E), the 2014th year of the Common Era (CE) and Anno Domini (AD) designations, the 14th year of the 3rd millennium, the 14th year of the 21st century, and the 5th year of the 2010s decade.

By the United Nations, 2014 is designated the:

 Horus of the horizon 2014
stuff that happen in 2014
Islamic terror attack

Global search

1.Robin Williams

2.World Cup

3.Ebola

4.Malaysia Airlines

5.ALS Ice Bucket Challenge

6.Flappy Bird

7.Conchita Wurst

8.ISIS

9.Frozen

10.Sochi Olympics

Global news

1.Ebola

2.ISIS

3.Malaysia Airlines

4.Crimea / Ukraine

5.Ferguson

6.Gaza and Israel

7.Scotish Referendum

8.Oscar Pistorius trial

US

1 Robin Williams

2.World Cup

3.Ebola

4.Malaysia Airlines

5.Flappy Bird

6.ALS Ice Bucket Challenge

7.ISIS

8.Ferguson

9.Frozen

10.Ukraine

 Natural Disaster

1.Hurricane Arthur

2.Chile Earthquake

3.Napa Earthquake

4.Hurricane Iselle

5.Oso Mudslide

6.Hurricane Odile

7.Arkansas Tornado

8.Hurricane Julio

9.Alaska Earthquake

10.Hurricane Ana

 People

1.Jennifer Lawrence

2.Kim Kardashian

3.Tracy Morgan

4.Ray Rice

5.Tony Stewart

6.Iggy Azalea

7.Donald Sterling

8.Adrian Peterson

9.Rene Zellweger

10.Jared Leto

 Pregnancies

1.Mila Kunis

2.Ciara

3.Kourtney Kardashian

4.Kate Middleton

5.Kerry Washington

6.Carrie Underwood

7.Scarlett Johansson

8.Hayden Panettiere

9.Blake Lively

10.Eva Mendes

 Losses of 2014

1.Robin Williams

2.Joan Rivers

3.Philip Seymour Hoffman

4.Maya Angelou

5.Jan Hooks

6.Harold Ramis

7.Shirley Temple

8.Lauren Bacall

9.Mickey Rooney

10.James Avery

University & Colleague

1Università degli Studi eCampus

The eCampus University, often simply abbreviated as “Uniecampus” is a private university founded in 2006 in Novedrate, Italy.

#170 most searched

2University of Mississippi

The University of Mississippi is a public, coeducational research university in Oxford, Mississippi, United States.

#28 most searched

3California State Polytechnic University, Pomona

California State Polytechnic University, Pomona is a public polytechnic university located in Pomona, California, United States.

#183 most searched

4Mississippi State University

The Mississippi State University of Agriculture and Applied Science, commonly known as Mississippi State University, is…Wikipedia

#104 most searched

5Florida State University

The Florida State University is a space-grant and sea-grant public research university located in the state capital city…Wikipedia

#8 most searched

6Indiana University Bloomington

Indiana University Bloomington is a public research university located in Bloomington, Indiana, United States.

#37 most searched

7Tidewater Community College

Tidewater Community College, also known as “TCC,” is a two-year higher education institution in South Hampton Roads with…Wikipedia

#190 most searched

8Louisiana State University

Louisiana State University and Agricultural and Mechanical College is a public coeducational university located in Baton Rouge, Louisiana…Wikipedia

#19 most searched

9University of Connecticut

The University of Connecticut is a public research university in the U.S. state of Connecticut.

#34 most searched

10Pennsylvania State University

The Pennsylvania State University is a public, state-related research university with campuses and facilities throughout Pennsylvania.

#1 most searched

Scientist

1Stephen Wolfram

Stephen Wolfram is a scientist and technologist known for his contributions to theoretical physics, for his pioneering.

#2 most searched

2Haruko Obokata

Haruko Obokata is a Japanese stem-cell biologist and the Research Unit Leader of the Laboratory for Cellular Reprogramming.

#117 most searched

3Stephen Hawking

Stephen William Hawking CH CBE FRS FRSA is an English theoretical physicist, cosmologist, author and Director of Research.

#3 most searched

4Dorothy Hodgkin

Dorothy Mary Hodgkin, OM, FRS, known professionally as Dorothy Crowfoot Hodgkin or simply Dorothy Hodgkin, was a British…Wikipedia

#59 most searched

5Mary Anning

Mary Anning was a British fossil collector, dealer, and palaeontologist who became known around the world for important.

#61 most searched

6Percy Lavon Julian

Percy Lavon Julian was an American research chemist and a pioneer in the chemical synthesis of medicinal drugs from plants.

#56 most searched

7John Eleuthère du Pont

John Eleuthère du Pont was a convicted murderer, an American multimillionaire, and member of the prominent du Pont family.

#60 most searched

8Peter Higgs

Peter Ware Higgs CH FRS FRSE is a British theoretical physicist, Nobel Prize laureate and emeritus professor at the.

#58 most searched

9Jonas Salk

Jonas Edward Salk was an American medical researcher and virologist. He discovered and developed the first successful.

#26 most searched

10Dian Fossey

Dian Fossey was an American zoologist, primatologist, and anthropologist who undertook an extensive study of gorilla groups.

#41 most searched

 Actors

1.Jared Leto

2.Matthew McConaughey

3.Macaulay Culkin

4.Chris Pratt

5.Theo James

6.Ansel Elgort

7.Jamie Dornan

8.Alfonso Ribeiro

9.James McAvoy

10.Laurence Fishburne

 Actresses

1.Jennifer Lawrence

2.Renee Zellweger

3.Betty White

4.Ellen Page

5.Kim Novak

6.Margot Robbie

7.Jacqueline Bisset

8.Lena Dunham

9.Melanie Griffith

10.Lea Thompson

 Athletes

1.Ray Rice

2.Adrian Peterson

3.Richard Sherman

4.Paul George

5.Carmelo Anthony

6.Derek Jeter

7.Johnny Manziel

8.Russell Wilson

9.Tony Gwynn

10.Tim Howard

 Politicians

1.Barack Obama

2.Chris Christie

3.Rand Paul

4.Rick Perry

5.Ted Cruz

6.Joe Biden

7.Elizabeth Warren

8.Scott Walker

9.Paul Ryan

10.Harry Reid

Us Governor

1Arnold Schwarzenegger

Arnold Alois Schwarzenegger is an Austrian-born American actor, filmmaker, activist, businessman, investor, writer,.

Same rank as last year

Peaked at #1 (yearly)

11 years in top 10

2Chris Christie

Christopher James “Chris” Christie is the 55th Governor of New Jersey and a leading member of the Republican Party.

Same rank as last year

Peaked at #2 (yearly)

6 years in top 10

3Rick Perry

James Richard “Rick” Perry is an American politician who is the 47th and current Governor of Texas.

+2 since last year

Peaked at #2 (yearly)

10 years in top 10

4Jesse Ventura

James George Janos, better known by his stage name, Jesse Ventura, is an American politician, actor, author, naval veteran..

-1 since last year

Peaked at #3 (yearly)

8 years in top 10

5Andrew Cuomo

Andrew Mark Cuomo is an American politician who is the 56th and current Governor of New York.

-1 since last year

Peaked at #4 (yearly)

5 years in top 10

6Scott Walker

Scott Kevin Walker is an American Republican Party politician who is the 45th Governor of Wisconsin.

+5 since last year

Peaked at #3 (yearly)

3 years in top 10

7Rick Scott

Richard Lynn “Rick” Scott is an American businessman and politician who has been the 45th Governor of Florida since 2011.

+5 since last year

Peaked at #6 (yearly)

2 years in top 10

8Jeb Bush

John Ellis “Jeb” Bush served as the 43rd Governor of Florida from 1999 to 2007. He is the second son of former President George H.

+8 since last year

Peaked at #2 (yearly)

5 years in top 10

9Bob McDonnell

Robert Francis “Bob” McDonnell is a former American politician. He was the 71st Governor of Virginia.

Same rank as last year

Peaked at #9 (yearly)

2 years in top 10

10Jerry Brown

Edmund Gerald “Jerry” Brown, Jr. is an American politician who currently serves as the 39th Governor of California since..

-2 since last year

Peaked at #2 (yearly)

5 years in top 10

11Charlie Crist

Charles Joseph “Charlie” Crist, Jr. is an American attorney and politician who served as the 44th Governor of Florida from 2007 to 2011.

New in chart

Peaked at #4 (yearly)

4 years in top 10

12Mike Huckabee

Michael Dale “Mike” Huckabee is an American politician who served as the 44th Governor of Arkansas..

-2 since last year

Peaked at #1 (yearly)

6 years in top 10

13Kathleen Sebelius

Kathleen Sebelius is an American politician who served as the 21st United States Secretary of Health and Human Services.

-6 since last year

Peaked at #7 (yearly)

1 year in top 10

14Bobby Jindal

Piyush “Bobby” Jindal is an American politician who is the 55th and current Governor of Louisiana and the Vice Chairman.

+4 since last year

Peaked at #5 (yearly)

3 years in top 10

15George Wallace

George Corley Wallace, Jr. was an American politician and the 45th Governor of Alabama, having served two nonconsecutive..

+2 since last year

Peaked at #7 (yearly)

2 years in top 10

16Pat Quinn

Patrick Joseph “Pat” Quinn III is an American politician who is the 41st and current Governor of Illinois.

New in chart

17Mark Warner

Mark Robert Warner is an American politician and the senior United States Senator from Virginia, in office since 2009.

New in chart

Peaked at #4 (yearly)

2 years in top 10

18Jan Brewer

Janice Kay “Jan” Brewer is the 22nd Governor of the U.S. state of Arizona, in office since 2009.

New in chart

Peaked at #8 (yearly)

1 year in top 10

19Huey Long

Huey Pierce Long, Jr., nicknamed The Kingfish, was an American politician who served as the 40th Governor of Louisiana.

New in chart

20Tom Corbett

Thomas Wingett “Tom” Corbett, Jr. is an American politician who is the 46th and current Governor of Pennsylvania.

New in chart

Books

1.Boy, Snow, Bird

2.Blood Will Out

3.Savage Harvest: A Tale of Cannibals. Colonialism and Michael Rockefeller’s Tragic Quest for Primitive Art

4.City of Heavenly Fire

5.Flash Boys

6.The Invention of Wings

7.All the Light We Cannot See

8.Words of Radiance

9.Yes Please

10.Capital in the Twenty First Century

 TV Shows

1.Game of Thrones

2.True Detective

3.Orange is the New Black

4.The Following

5.American Horror Story

6.Gotham

7.South Park

8.House of Cards

9.Outlander

10.The 100

Movie trailer

1.Gone Girl trailer

2.Interstellar trailer

3.Divergent trailer

4.Frozen trailer

5.The Lego Movie trailer

6.The Avengers 2 trailer

7.Godzilla trailer

8.The Hunger Games: Mockingjay Part 1 trailer

9.Annabelle trailer

10.Maleficent trailer

Movie

1.Frozen

2.Interstellar

3.Divergent

4.Gone Girl

5.Lone Survivor

6.Godzilla

7.22 Jump Street

8.Big Hero 6

9.Annabelle

10.Maleficent

Music Artist

1.Iggy Azalea

2.Lorde

3.Sam Smith

4.Meghan Trainor

5.Solange Knowles

6.Nicki Minaj

7.Weird Al

8.Sia

9.Daft Punk

10.Taylor Swift

 Song lyrics

1.Say Something lyrics

2.Anaconda lyrics

3.Fancy lyrics

4.Happy lyrics

5.Blank Space lyrics

6.Royals lyrics

7.Dark Horse lyrics

8.Bang Bang lyrics

9.Counting Stars lyrics

10.Wrecking Ball lyrics

 Music festivals

1.Coachella

2.Mysteryland

3.Boston Calling

4.Hard Summer

5.Electric Forest

6.Firefly Music Festival

7.Austin City Limits

8.South by Southwest

9.Outside Lands

10.Fun Fun Fun Fest

 Beers

1.Budweiser

2.Corona

3.Keystone

4.Miller

5.Blue Moon

6.Coors

7.Bud Light

8.PBR

9.Modelo

10.Sierra Nevada

 Video Games

1.Destiny

2.Titanfall

3.Watch Dogs

4.ArcheAge

5.Call of Duty: Advanced Warfare

6.Madden 15

7.Mario Kart 8

8.Dragon Age Inquisition

9.Battlefield Hardline

10.League of Angels

Cars

1.Ford

2.Jeep

3.Dodge

4.Toyota

5.General Motors

6.Subaru

7.Honda

8.Nissan

9.BMW

10.Tesla

Countries

1Ukraine

Ukraine is a country in Eastern Europe. It has an area of 603,628 km², making it the largest country entirely within Europe…Wikipedia

#18 most searched

2Korea

Korea, called Hanguk in South Korea and Joseon in North Korea, is an East Asian territory that is divided into two distinct…Wikipedia

#36 most searched

3Nigeria

Nigeria, officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its..

#22 most searched

4Indonesia

Indonesia, officially the Republic of Indonesia, is a sovereign state in Southeast Asia and Oceania..

#30 most searched

5Iraq

Iraq, officially the Republic of Iraq, is a country in Western Asia that borders Turkey to the north, Iran to the east,.

#35 most searched

6Hong Kong

Hong Kong, alternatively known as H.K. in short form, officially known as Hong Kong Special Administrative Region of the.

#17 most searched

7Qatar

Qatar, officially the State of Qatar, is a sovereign Arab country located in Western Asia, occupying the small Qatar.

#69 most searched

8Israel

Israel, officially the State of Israel, is a country in Western Asia, situated at the southeastern shore of the Mediterranean Sea..

#15 most searched

9Bermuda

Bermuda, also referred to in legal documents as the Bermudas or Somers Isles, is a British Overseas Territory in the North.

#59 most searched

10Palestine

Palestine is a geographic region in Western Asia between the Mediterranean Sea and the Jordan River.

#109 most searched

Cities

1Sochi

Sochi is a city in Krasnodar Krai, Russia, located on the Black Sea coast near the border between Georgia/Abkhazia and Russia..

#152 most searched

2Sonoma

Sonoma is a historically significant city in Sonoma Valley, Sonoma County, California, United States, surrounding its.

#135 most searched

3Manchester

Manchester is a city in Greater Manchester with a population of 514,417 in 2013; it lies within the United Kingdom’s second..

#124 most searched

4Kansas City

Kansas City or K.C. is the most populous municipality in the U.S. state of Missouri.

#35 most searched

5Hong Kong

Hong Kong, alternatively known as H.K. in short form, officially known as Hong Kong Special Administrative Region of the.

#79 most searched

6Cleveland

Cleveland is a city in the U.S. state of Ohio and is the county seat of Cuyahoga County, the most populous county in the state…Wikipedia

#28 most searched

7Green Bay

Green Bay is a city in and the county seat of Brown County in the State of Wisconsin, located at the head of Green Bay,

#73 most searched

8Saint Paul

Saint Paul is the capital and second-most populous city of the state of Minnesota. As of 2013, the city’s estimated population was 294,873..

#128 most searched

9Dallas

Dallas is a major city in Texas and is one of the two urban centers of the fourth most populous metropolitan area in the…Wikipedia

#5 most searched

10Singapore

Singapore, officially the Republic of Singapore, is a sovereign city-state and island country in Southeast Asia.

#114 most searched

Energy Company

1Duke Energy

Duke Energy, headquartered in Charlotte, North Carolina, is the largest electric power holding company in the United States..

+1 since last year

Peaked at #1 (yearly)

9 years in top 10

2Chevron

Chevron Corporation is an American multinational energy corporation. Headquartered in San Ramon, California, and active…Wikipedia

+3 since last year

Peaked at #2 (yearly)

11 years in top 10

3National Grid plc

National Grid plc is a British multinational electricity and gas utility company headquartered in London, United Kingdom…Wikipedia

+1 since last year

Peaked at #2 (yearly)

7 years in top 10

4BP

BP plc, sometimes referred to by its former name British Petroleum, is a British multinational oil and gas company…Wikipedia

-3 since last year

Peaked at #1 (yearly)

11 years in top 10

5Royal Dutch Shell

Royal Dutch Shell plc, commonly known as Shell, is an Anglo–Dutch multinational oil and gas company headquartered in the…Wikipedia

-2 since last year

Peaked at #3 (yearly)

11 years in top 10

6Florida Power & Light

Florida Power & Light Company, the principal subsidiary of NextEra Energy Inc., commonly referred to by its initials, FPL…Wikipedia

+1 since last year

Peaked at #6 (yearly)

4 years in top 10

7Xcel Energy

Xcel Energy Inc. is a utility holding company based in Minneapolis, Minnesota, serving more than 3.3 million electric…Wikipedia

+1 since last year

Peaked at #5 (yearly)

11 years in top 10

8ExxonMobil

Exxon Mobil Corp., or ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas, United States…Wikipedia

-2 since last year

Peaked at #2 (yearly)

11 years in top 10

9Public Service Enterprise Group

Public Service Enterprise Group, founded as the Public Service Corporation of New Jersey and later renamed Public Service…Wikipedia

New in chart

Peaked at #9 (yearly)

1 year in top 10

10Consolidated Edison

Consolidated Edison, Inc., commonly known as Con Edison or Con Ed, is one of the largest investor-owned energy companies..

-1 since last year

Peaked at #6 (yearly)

5 years in top 10

Financial company

1Wells Fargo

Wells Fargo & Company is an American multinational banking and financial services holding company which is headquartered..

Same rank as last year

Peaked at #1 (yearly)

11 years in top 10

2Bank of America

Bank of America is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.

Same rank as last year

Peaked at #1 (yearly)

11 years in top 10

3Chase

JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking..

Same rank as last year

Peaked at #2 (yearly)

11 years in top 10

4Capital One

Capital One Financial Corporation is a U.S.-based bank holding company specializing in credit cards, home loans, auto..

Same rank as last year

Peaked at #4 (yearly)

11 years in top 10

5American Express

The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered.

Same rank as last year

Peaked at #2 (yearly)

11 years in top 10

6Citibank

Citibank is the consumer division of financial services multinational Citigroup.

Same rank as last year

Peaked at #6 (yearly)

11 years in top 10

7PNC Financial Services

PNC Financial Services Group, Inc. is an American financial services corporation, with assets of approximately $271.2 billion.

Same rank as last year

Peaked at #6 (yearly)

7 years in top 10

8USAA

The United Services Automobile Association is a Texas-based Fortune 500 diversified financial services group of companies.

Same rank as last year

Peaked at #8 (yearly)

5 years in top 10

9Fidelity Investments

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Nobel medal.png

In fiction

Chevron Corporation

From Wikipedia, the free encyclopedia
For similarly named companies, see Chevron.
Chevron Corporation
Type Public
Traded as NYSECVX
Dow Jones Industrial Average Component
S&P 500 Component
Industry Oil and gas
Predecessors Standard Oil of California
Gulf Oil[1]
Founded 1879 as Pacific Coast Oil Company
1984 as Chevron Corporation
Headquarters San Ramon, California, U.S.
Area served Worldwide
Key people John S. Watson (Chairman & CEO)
Products Petroleum, natural gas and otherpetrochemicals, See Chevron products
Revenue Decrease US$ 220.264 billion (2013)[2]
Operating income Decrease US$ 28.486 billion (2013)[2]
Net income Decrease US$ 21.423 billion (2013)[2]
Total assets Increase US$ 253.753 billion (2013)[2]
Total equity Increase US$ 149.113 billion (2013)[2]
Employees 64,600 (Dec 2013)[2]
Website Chevron.com

Chart of the major energycompanies dubbed “Big Oil” sorted by latest published revenue

Chevron Corporation (NYSECVX) is an American multinational energy corporation. One of the successor companies of Standard Oil, it is headquartered in San Ramon, California, and active in more than 180 countries. Chevron is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration andproduction; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world’s largest oil companies; as of 2013, it ranked third in the Fortune Global 500-2014 list of the world’s largest companies.[3]

Chevron’s downstream operations manufacture and sell products such as fuels, lubricants, additives and petrochemicals. The company’s most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa. In 2010, Chevron sold an average 3.1 million barrels per day (490×103 m3/d) of refined products like gasoline, diesel and jet fuel.

Chevron’s alternative energy operations include geothermal, solar, wind, biofuel, fuel cells, and hydrogen. In 2011–2013, the company plans to spend at least $2 billion on research and acquisition of renewable power ventures. Chevron has claimed to be the world’s largest producer of geothermal energy. In October 2011, Chevron launched a 29-MW thermal solar-to-steam facility in the Coalinga Field to produce the steam forenhanced oil recovery. The project is the largest of its kind in the world.

History

Predecessors

A Chevron stations branded as “Standard” in Las Vegas, Nevada

One of Chevron’s early predecessors, Star Oil, discovered oil at the Pico Canyonnorth of Los Angeles in 1876. The 25 barrels of oil per day well marked the discovery of the Newhall field, and is considered by geophysicist Marius Vassiliou, as the beginning of the modern oil industry in California.[4] Energy analyst Antonia Juhaszhas said that while Star Oil’s founders were influential in establishing an oil industry in California, Union Matolle Company discovered oil in the state eleven years prior.[5] In September 1879, Charles N. Felton, Lloyd Tevis, George Loomis and others created the Pacific Coast Oil Company, which acquired the assets of Star Oil[4] with $1 million in funding.[6] Pacific Coast Oil became the largest oil interest in California,[6] by time it was acquired by Standard Oil for $761,000 in 1900.[4]Pacific Coast operated independently and retained its name until 1906, when it was merged with a Standard Oil subsidiary and it became Standard Oil Company (California) or California Standard.[7][8]

Another predecessor, Texas Fuel Company, was founded in Beaumont, Texas in 1901 by “Buckskin Joe” as an oil equipment vendor. The founder’s nickname came from being harsh and aggressive.[5] Texas Fuel worked closely with Chevron. In 1936 it formed a joint venture called Caltex with Chevron to drill and produce oil in Saudi Arabia.[9] According to energy analyst and activist shareholder[10][11][12] Antonia Juhasz, The Texas Fuel Company and Chevron were often referred to as the “terrible twins” for their cutthroat business practices.[13] The Texas Fuel Company was renamed as the Texas Company and later Texaco.[8][13]

Formation of the Chevron name[edit]

In 1911, Standard Oil Co. (California) was severed from its parent corporation, Standard Oil, as a result of the federal government’s successful lawsuit against Standard Oil under the Sherman Antitrust Act. It went on to become part of the “Seven Sisters“, which dominated the world oil industry in the early 20th century.[14]In 1926, the company changed its name to Standard Oil Co. of California (SOCAL). By the terms of the breakup of Standard Oil, Standard of California could use the Standard name only within its original geographic area of the Pacific coast states, plus Nevada and Arizona; outside that area, it had to use another name. The Chevron name came into use for some of its retail products in the 1930s. The name Calso was also used from 1946 to 1955 in states outside its native West Coast territory.[15][16][17][better source needed]

Standard Oil Company of California ranked 75th among United States corporations in the value of World War II military production contracts.[18]

In 1933, Saudi Arabia granted SoCal a concession to find oil, which led to the discovery of oil in 1938. In 1948, SoCal discovered the world’s largest oil field (Ghawar) in Saudi Arabia.[19] SoCal’s subsidiary, California-Arabian Standard Oil Company, grew over the years and became the Arabian American Oil Company (ARAMCO) in 1944. In 1973, the Saudi government began buying into ARAMCO. By 1980, the company was entirely owned by the Saudis, and in 1988, its name was changed to Saudi Arabian Oil Company (Saudi Aramco).[citation needed]

Standard Oil of California and Gulf Oil merged in 1984, which was the largest merger in history at that time. To comply with U.S. antitrust law, SoCal divested many of Gulf’s operating subsidiaries, and sold some Gulf stations and a refinery in the eastern United States. (The refinery is currently owned by Sunoco.) Among the assets sold off were Gulf’s retail outlets in Gulf’s home market of Pittsburgh, where Chevron lacks a retail presence but does retain a regional headquarters there as of 2013, partially for Marcellus Shale-related drilling.[20] The same year, SoCal also took the opportunity to change its legal name to Chevron Corporation, since it had already been using the well-known “Chevron” retail brand name for decades. Chevron would sell the Gulf Oil trademarks for the entire U.S. to Cumberland Farms, the parent company of Gulf Oil LP, in 2010 after Cumberland Farms had a license to the Gulf trademark in the Northeastern United States since 1986.[21]

In 1996 Chevron transferred its natural gas gathering, operating and marketing operation to NGC Corporation (later Dynegy) in exchange for a roughly 25% equity stake in NGC.[22] In a merger completed February 1, 2000, Illinova Corp. became a wholly owned subsidiary of Dynegy Inc. and Chevron’s stake increased up to 28%.[23] However, in May 2007 Chevron sold its stake in the company for approximately $985 million, resulting in a gain of $680 million.[24][25]

Merger with Texaco and post-merger[edit]

On October 15, 2000, Chevron announced acquisition of Texaco in a deal valued at $45 billion, creating the second-largest oil company in the United States and the world’s fourth-largest publicly traded oil company with a combined market value of approximately $95 billion.[26][27][28][29] The merged company was namedChevronTexaco. On May 9, 2005, ChevronTexaco announced it would drop the Texaco moniker and return to the Chevron name. Texaco remained as a brand under the Chevron Corporation.[30]

On October 10, 2001, Texaco purchased General Motors‘ share in GM Ovonics, which in 2003, was restructured into Cobasys, a 50/50 joint venture between Chevron and Energy Conversion Devices Ovonics. In 2009, both Chevron and Energy Conservation Devices sold their stakes in Cobasys to SB LiMotive Co.[citation needed]

The typical Chevron gas station design that was used until 2006.

In 2005, Chevron purchased Unocal Corporation for $18.4 billion, increasing the company’s petroleum and natural gas reserves by about 15%.[31][32][33][34] Because of Unocal’s large South East Asian geothermal operations, Chevron became a large producer of geothermal energy.[35]

Chevron and the Los Alamos National Laboratory started a cooperation in 2006 to improve the recovery of hydrocarbons from oil shale by developing a shale oil extraction process named Chevron CRUSH.[36] In 2006, the United States Department of the Interior issued a research, development and demonstration lease for Chevron’s demonstration oil shale project on public lands in Colorado’s Piceance Basin.[37] In February 2012, Chevron notified the Bureau of Land Management and the Department of Reclamation, Mining and Safety that it intends to divest this lease.[38]

In July 2011, Chevron ended retail operations in the Mid-Atlantic United States, removing the Chevron and Texaco names from 1,100 stations.[39] In 2011, Chevron acquired Pennsylvania based Atlas Energy Inc. for $3.2 billion in cash and an additional $1.1 billion in existing debt owed by Atlas.[40][41][42] Three months later, Chevron acquired drilling and development rights for another 228,000 acres in the Marcellus Shale from Chief Oil & Gas LLC and Tug Hill, Inc.[43]

In September 2013, Total S.A and its joint venture partner agreed to buy Chevron’s retail distribution business in Pakistan for an undisclosed amount.[44]

In October 2014, Chevron announced that it would sell a 30 percent holding in its Canadian oil shale holdings to Kuwait’s state-owned oil company Kuwait Oil Company for a fee of $1.5 billion.[45]

Operations[edit]

Chevron employs approximately 62,000 people (of which approximately 31,000 are employed in U.S. operations).

Upstream[edit]

Chevron’s oil and gas exploration and production operations are primarily in the US, Australia, Nigeria, Angola, Kazakhstan, and the Gulf of Mexico. As of December 31, 2010, the company had 10.545 billion barrels (1.6765 billion cubic metres) of oil-equivalent net proved reserves. Daily production in 2010 was 2.763 million barrels per day (439.3 thousand cubic metres per day).

In the United States, the company operates approximately 11,000 oil and natural gas wells in hundreds of fields occupying 4,000,000 acres (16,000 km2) across thePermian Basin, located in West Texas and southeastern New Mexico. In 2010, Chevron was the fourth largest producer in the region.[46] In February 2011, Chevron celebrated the production of its 5 billionth barrel of Permian Basin oil.[47] The Gulf of Mexico is where the company’s deepest offshore drilling takes place at Tahiti and Blind Faith. It also explores and drills the Marcellus Shale formation under several North Eastern US states.

Chevron’s largest single resource project is the $43 billion Gorgon Gas Project in Australia. It also produces natural gas from West Australia. The $43 billion project was started in 2010 and was expected to be brought online in 2014.[48] The project includes construction of a 15 million tonne per annum liquefied natural gas planton Barrow Island, and a domestic gas plant with the capacity to provide 300 terajoules per day to supply gas to Western Australia.[49] It also develops theWheatstone liquefied natural gas development in Western Australia. The foundation phase of the project is estimated to cost $29 billion; it will consist of two LNG processing trains with a combined capacity of 8.9 million tons per annum, a domestic gas plant and associated offshore infrastructure.[50] In August 2014 a significant gas-condensate discovery at the Lasseter-1 exploration well in WA-274-P in Western Australia, in which Chevron has a 50% interest was announced.[51]

In the onshore and near-offshore regions of the Niger Delta, Chevron operates under a joint venture with the Nigerian National Petroleum Corporation, operating and holding a 40% interest in 13 concessions in the region. In addition, Chevron operates the Escravos Gas Plant and the Escravos gas-to-liquids plant.[52]

Chevron has interests in four concessions in Angola, including offshore two concessions in Cabinda province, the Tombua–Landana development and the Mafumeira Norte project, operated by the company. It is also a leading partner in Angola LNG plant.[53][54]

In Kazakhstan, Chevron participate the Tengiz and Karachaganak projects.[55] In 2010, Chevron became the largest private shareholder in the Caspian Pipeline Consortium pipeline, which transports oil from the Caspian Sea to the Black Sea.[56]

As of 2013, the Rosebank oil and gas field west of Shetland was being evaluated by Chevron and its partners. Chevron drilled its discovery well there in 2004. Production is expected in 2015 if a decision is made to produce from the field. The geology and weather conditions are challenging.[57]

Downstream[edit]

Chevron’s downstream operations manufacture and sell products such as fuels, lubricants, additives and petrochemicals. The company’s most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa. In 2010, Chevron sold in average 3.1 million barrels per day (490×103 m3/d)of refined products like gasoline, diesel and jet fuel.[58] The company operates approximately 19,550 retail sites in 84 countries. The company also has interests in 13 power generating assets in the United States and Asia and has gas stations in Western Canada.[citation needed]Chevron is the owner of the Standard Oil trademark in 16 states in the western and southeastern U.S. To maintain ownership of the mark, the company owns and operates one Standard-branded Chevron station in each state of the area.[59] Additionally, Chevron owns the trademark rights to Texaco and Caltex fuel and lubricant products.[citation needed]

In 2010, Chevron processed 1.9 million barrels per day (300×103 m3/d) of crude oil.[58] It owns and operates five active refineries in the United States, one in Cape Town, South Africa, and one in Burnaby, British Columbia. Chevron is the non-operating partner in seven joint venture refineries, located in Australia,[60] Pakistan,[61]Singapore, Thailand, South Korea, and New Zealand.[62] Chevron’s United States refineries are located in Gulf and Western states. Chevron also owns an asphalt refinery in Perth Amboy, New Jersey; however, since early 2008 that refinery has primarily operated as a terminal.[63]

Chevron’s chemicals business includes 50% ownership in the Chevron Phillips Chemical Company, which manufactures petrochemicals, and the Chevron Oronite Company, which develops, manufactures and sells fuel and lubricant additives.[citation needed]

Chevron Shipping Company, a wholly owned subsidiary, provides the maritime transport operations, marine consulting services and marine risk management services for Chevron Corporation.[citation needed] Chevron ships historically had names beginning with “Chevron”, such as Chevron Washington and Chevron South America, or were named after former or serving directors of the company. Samuel Ginn, William E. Crain, Kenneth Derr, Richard Matzke and most notablyCondoleezza Rice were among those honored, but the ship named after Rice was subsequently renamed as Altair Voyager.[64]

Alternative energy[edit]

Chevron’s 500kW Solarminephotovoltaic solar project in Fellows, California

The Chevron’s alternative energy operations include geothermal, solar, wind, biofuel, fuel cells, and hydrogen. In 2011–2013, the company plans to spend at least $2 billion on research and acquisition of renewable power ventures.[65]

Chevron has claimed to be the world’s largest producer of geothermal energy.[35] The company’s geothermal operations are primarily located in Southeast Asia, where 1,273 MW of power generation facilities are installed.[66][not in citation given][67][not in citation given][68][not in citation given]

Chevron operates geothermal wells in Indonesia providing power to Jakarta and the surrounding area, and plans to potentially open a 200 MW geothermal facility in South Sumatra. In the Philippines, Chevron also operates geothermal wells at Tiwi field in Albay province, the Makiling-Banahaw field in Laguna and Quezon provinces.[69]

In 2007, Chevron and the United States Department of Energy‘s National Renewable Energy Laboratory (NREL) started collaboration to develop and produce algae fuel, which could be converted into transportation fuels, such as jet fuel.[70] In 2008, Chevron and Weyerhaeuser created Catchlight Energy LLC, which researches the conversion of cellulose-based biomass into biofuels.[71] In 2013, the Catchlight plan was downsized due to competition with fossil fuel projects for funds.[72]

Between 2006 and 2011, Chevron contributed up to $12 million to a strategic research alliance with the Georgia Institute of Technology to develop cellulosic biofuels and to create a process to convert biomass like wood or switchgrass into fuels. Additionally, Chevron holds a 22% stake in Galveston Bay Biodiesel LP, which produces up to 110 million US gallons (420,000 m3) of renewable biodiesel fuel a year.[73][74]

In 2010, the Chevron announced a 740 kW photovoltaic demonstration project in Bakersfield, California, called Project Brightfield, for exploring possibilities to usesolar power for powering Chevron’s facilities. It consists of technologies from seven companies, which Chevron is evaluating for large-scale use.[75][76] In Fellows, California, Chevron has invested in the 500 kW Solarmine photovoltaic solar project, which supplies daytime power to the Midway-Sunset Oil Field.[77] In Questa, Chevron has built a 1 MW concentrated photovoltaic plant that comprises 173 solar arrays, which use Fresnel lenses.[78][79] In October 2011, Chevron launched a 29-MW thermal solar-to-steam facility in the Coalinga Field to produce the steam for enhanced oil recovery. The project is the largest of its kind in the world.[80]

Corporate affairs[edit]

Finance[edit]

For the fiscal year 2011, Chevron reported earnings of US$26.9 billion, with an annual revenue of US$257.3 billion, an increase of 23.3% over the previous fiscal cycle. Chevron’s shares traded at over $105 per share, and its market capitalization was valued at over US$240 billion.[81]

Headquarters[edit]

Chevron tower in Houston

Chevron’s corporate headquarters are located in a 92-acre campus in San Ramon, California. The company moved there from its earlier headquarters at 555 Market Street in San Francisco, California, where it was located since its inception in 1879.[82] Chevron also operates from office towers in Houston, Texas, where it leased the 1500 Louisiana Street and 1400 Smith Street from former Texas energy giant Enron. Chevron is also planning a new office tower in downtown Houston next to its existing properties at 1600 Louisiana Street.[83] The building will stand 50-stories and 832 feet. Upon completion, it’ll be the fourth tallest building in Houston and the first 50-story building constructed there in nearly 30 years.

Political contributions[edit]

Since January 2011 Chevron has contributed almost $15 million on Washington lobbying. On October 7, 2012 Chevron donated $2.5 million to the Republican Congressional Leadership Fund super PAC that is closely tied to House SpeakerJohn Boehner.[84]

Board of directors[edit]

Condoleezza Rice is a former member of the board of directors, and also headed Chevron’s committee on public policy until she resigned on January 15, 2001, to become National Security Advisor to President George W. Bush.

On September 30, 2009, John Watson, age 52, was elected Chairman of the Board and CEO, effective at the December 31, 2009 retirement of David J. O’Reilly.

Controversies[edit]

Environmental damage in Ecuador[edit]

Main article: Lago Agrio oil field

Oil pollution in Lago Agrio, November 2007

Texaco and Gulf Oil began operating in the Oriente region of Ecuador in 1964 as a consortium.[85] Texaco operated theLago Agrio oil field from 1972 to 1993 and the Ecuador state oil company continued to operate the same oil fields after Texaco left. In 1993 Texaco was found responsible for dumping billions of gallons of toxic waste and they spent $40m cleaning up the area during the 1990s. In 1998 the Ecuadorean government signed an agreement with Texaco accepting the clean-up as complete and absolving Texaco of any further responsibility. In 1998 an Ecuadorean scientific team took water and soil samples after Texaco left and found petroleum hydrocarbons at unsafe levels in almost half. The clean up was called “a sham” by critics.[86]

In 2003, a class action lawsuit against Chevron was filed in Ecuadorian court for $28 billion by indigenous residents, who accused Texaco of making residents ill and damaging forests and rivers by discharging 18 billion US gallons (68,000,000 m3) of formation water into the Amazon rainforest without any environmental remediation.[87][88][89][90][91][92]Chevron claimed that the 1998 agreements with the Ecuadorian Government exempted the company from any liabilities.[93][93][94][95]

In 2011, Ecuadorian residents were awarded $8.6 billion, based on claims of loss of crops and farm animals as well as increased local cancer rates.[86][96][97] The plaintiffs said this would not be enough to make up for the damage caused by the oil company.[98] The award was later revised to $19 billion on appeals, which was then appealed again to the Ecuadorean National Court of Justice.[99] The action is considered the first time that indigenous people have successfully sued amultinational corporation in the country where the pollution took place.[86][96][98]

Chevron described the lawsuit as an “extortion scheme” and refused to pay the fine.[86]

In November 2013, the international arbitration tribunal issued a partial award in favour of Chevron and its subsidiary, Texaco Petroleum Company. The tribunal has found Chevron is not liable for environmental claims in Ecuador.[100]

In March 2014, a United States district court judge ruled that the Ecuadorian plaintiff’s lead attorney, Steven Donziger, had used “corrupt means,” including “coercion, bribery, money laundering and other misconduct,” to obtain the 2011 court verdict in Ecuador. The judge did not rule on the underlying issue of environmental damages. While the US ruling does not affect the decision of the court in Ecuador, it has blocked efforts to collect damages from Chevron in US courts. Donziger promised to appeal.[101][102]

Pollution in Richmond, California[edit]

Chevron’s activities at its century-old Richmond refinery have been the subject of ongoing controversy. The project generated over 11 million pounds of toxic materials and caused more than 304 accidents.[103] The Richmond refinery paid $540,000 in 1998 for illegally bypassing waste water treatments and failing to notify the public about toxic releases.[104] Overall, Chevron is listed as potentially liable for 95 Superfund sites, with funds set aside by the EPA for clean-up.[105]

Oil spills in Angola[edit]

Chevron’s operations in Africa have also been criticized as environmentally unsound.[106] In 2002, Angola became the first country in Africa ever to levy a fine on a major multinational corporation operating within its borders, when it demanded $2 million in compensation for oil spills allegedly caused by Chevron.[107]

Violation of the Clean Air Act in the USA[edit]

On October 16, 2003, Chevron U.S.A. settled a charge under the Clean Air Act, which reduced harmful air emissions by about 10,000 tons a year.[108] In San Francisco, Chevron was filed by a consent decree to spend almost $275 million to install and utilize innovative technology to reduce nitrogen and sulfur dioxide emissions at its refineries.[109] In 2000, after violating the Clean Air Act at an offline loading terminal in El Segundo, California, Chevron paid, a $6 million penalty as well as $1 million for environmental improvement projects.[110] Chevron also had implemented programs that minimized production of hazardous gases, upgraded leak detection and repair procedure, reduced emissions from sulfur recovery plants, and adopted strategies to ensure the proper handling of harmful benzene wastes at refineries.[108] Chevron also spent about $500,000 to install leakless valves and double-sealed pumps at its El Segundo refinery, which could prevent significant emissions of air contaminants.[110]

Defenders of Chevron’s environmental record point to recent changes in the corporation, particularly its pledge in 2004 to combat global warming.[111]

NiMH battery technology for automobiles[edit]

Chevron was accused to be limiting access to large NiMH batteries through its stake in Cobasys corporation and control of patent licenses in order to remove a competitor to gasoline. This culminated in a lawsuit against Panasonic and Toyota over production of the EV-95 battery used in the RAV4 EV.[112][113] Chevron’s influence over Cobasys extends beyond a strict 50/50 joint venture as it held a 19.99% interest in ECD Ovonics.[114] In her book, Plug-in Hybrids: The Cars that Will Recharge America, published in February 2007, Sherry Boschert argues that large-format NiMH batteries are commercially viable but that Cobasys refuses to sell the batteries or license the technology to small companies or individuals. Boschert argues that Cobasys accepts only very large orders for the batteries. Major automakers showed little interest in placing large orders for large-format NiMH batteries. However, Toyota complained about the difficulty in getting smaller orders of large format NiMH batteries to service the existing 825 RAV-4EVs. Because no other companies were willing to place large orders, Cobasys was not manufacturing or licensing large format NiMH battery technology for automobiles. Boschert concludes that “it’s possible that Cobasys (Chevron) is squelching all access to large NiMH batteries through its control of patent licenses in order to remove a competitor to gasoline. Or it’s possible that Cobasys simply wants the market for itself and is waiting for a major automaker to start producing plug-in hybrids or electric vehicles.”[115] In an interview with The Economist, the ECD Ovonics founder Stan Ovshinsky subscribed to the former view. “I think we at ECD we made a mistake of having a joint venture with an oil company, frankly speaking. And I think it’s not a good idea to go into business with somebody whose strategies would put you out of business, rather than building the business.”[116]

In addition, Chevron maintained the right to seize all of Cobasys’ intellectual property rights if ECD Ovonics does not fulfill its contractual obligations.[117] On September 10, 2007, Chevron filed a legal claim that ECD Ovonics has not fulfilled its obligations. ECD Ovonics disputes this claim.[118]

In October 2007, International Acquisitions Services and Innovative Transportation Systems filed suit against Cobasys and its parents for refusing to fill an order for large-format NiMH batteries to be used in the electric Innovan.[119] In August 2008, Mercedes-Benz U.S. International filed suit against Cobasys, on the ground Cobasys did not tender the batteries it agreed to build for Mercedes-Benz’s planned hybrid SUV.[120]

Niger Delta shootings[edit]

On May 28, 1998, activists staged a demonstration and took several individuals hostage on a company oil platform in the Niger Delta, Nigeria. Nigerian police and soldiers were allegedly flown in with Chevron helicopters.[121] Soldiers shot at the activists and subsequently two activists (Jola Ogungbeje and Aroleka Irowaninu) died from their wounds.[121] In 2007 U.S. District Judge Susan Illston, allowed a lawsuit brought by victims and victims’ families against Chevron to proceed, saying that there may be evidence that Chevron had hired, supervised, and/or provided transportation to Nigerian military forces known for their “general history of committing abuses.”[122] In December 2008, a federal jury cleared Chevron of all charges brought against them in the case. Chevron had claimed that the military intervention was necessary to protect the lives of its workers and considers the jury’s decision vindication for the accusations of wrongdoing.[123]

UN sanctions[edit]

US Embassy Cable BAGHDAD 000791 relates to company negotiations re investment in Iran in contravention of UN sanctions.[124] This document was intended to have been kept secret until 2029.[125]

2012 fire at Richmond, California refinery[edit]

On August 6, 2012, a large fire erupted at a Chevron refinery in Richmond, California.[126][127] Flames were seen issuing from at least two of the refinery’s towers. Contra Costa Health Services responded by notifying residents shelter in place. BART shut down local service.[128] The shelter-in-place order was lifted at 11:15 PM.[127] Initial reports estimated that 11,000 people sought treatment at area hospitals,[129] and later reports placed the number above 15,000 people.[130]

On April 15, 2013, the US Chemical Safety Board released their preliminary report citing Chevron for a chronic failure to replace aging equipment and called for an overhaul of regulatory oversight of the industry to prevent such accidents from happening again.[131][132][133][134] In July 2013, the company pleaded no contest to six charges in connection with the fire, and agreed to pay $2 million in fines and restitution.[135] Around the same time the settlement was announced, the Richmond city council voted to file suit against Chevron. The reasons for the suit included “a continuation of years of neglect, lax oversight and corporate indifference to necessary safety inspection and repairs.”[130]

Oil spill off the coast of Rio de Janeiro[edit]

Further information: Energy in Brazil

On November 8, 2011, Chevron came under fire by Brazilian authorities for its role in the spill of crude oil off of the southeastern coast of Brazil.[136] The Brazilian regulators said 416,400 liters of oil leaked over the course of two weeks from undersea rock near the well in the Frade oil project 370 km off the Brazilian coast.[137]Prosecutors in Brazil are demanding $10.6bn in the subsequent lawsuit. The National Petroleum Agency (ANP) suspended Chevron’s activities in Brazil until it has identified the cause of an oil spill off the coast of Rio de Janeiro.[138]

KS Endeavor explosion[edit]

The KS Endeavor jackup rig exploded on January 16, 2012 while drilling an exploration well for Chevron in the Funiwa field in Nigeria. The explosion resulted in the death of two of the 154 workers on board and a fire that burned for 46 days before the well was sealed on June 18. According to a Reuters news report, workers on the KS Endeavor were ignored by Chevron when they requested evacuation due to concerns of increasing smoke billowing from the drilling borehole. A senior worker said the blowout was triggered by a massive build-up of pressure. A witness said that rig engineers advised Chevron to stop drilling and evacuate staff but Chevron told them to continue with drilling. Expecting an explosion, the rig manager, one of the two that later died, kept the lifeboats at hand and ready for use. A witness reported: “This is the reason so many of us survived because we were all aware that it was going to happen, but just didn’t know when.” In an email response to Reuters, Chevron said it did not receive requests to evacuate the rig and that staff on board had the right to call a halt to work if they believed conditions were unsafe.[139][140]

Destruction of natural forest in Bangladesh[edit]

On June 26, 2008, a fire in Lawachara National Park (a natural forest; a major national park, rare of its kind in the region, and crucial to maintain the biodiversity of Bangladesh’s flora & fauna) had broken out as Chevron Corp. carried out a 3D seismic survey that was to be six-months long. The company had violated the conditions of the government’s environment clearance certificate by not informing the ministry about the cracks that had occurred in nearby residents’ properties due to explosions caused by their activities.[141]

Polish gas exploration[edit]

Chevron has experienced mass protests aimed at the company by local communities in Southern Poland when they started gas exploration in the region. Their complaint is that Chevron didn’t provide all of the documents required for gas exploration in Poland, and that the company has not promised to share a percentage of the revenues with the local landholders. The landholders of the region view Chevron’s presence in the region negatively since they may be forced to sell their properties at a low cost if gas is discovered in the region. As well, potential environmental disasters are a concern for local farmers. Another of the residents’ primary concern is water pollution from the chemicals used in fracking. In response to some of the protests Chevron has sued some of the protesters from Żurawlów for disrupting their operations.[142]

According to gas and oil expert Andrzej Szczesniak, one of the main reasons for the protest is the difference between Polish and American law. In the USA property owners typically receive 15-20% from the income of gas exploration. In Poland, the discovery of gas on private property usually results in a forced sale of the property, with the owner receiving only the prior value of the land and no percentage of the gas revenue. This is the result of outdated, Communist Era laws that are still on the books and which are often exploited by municipal governments if they can get a ‘kick back’ from a larger company.[143][144]

Romanian gas exploration[edit]

In October 2013, Chevron suspended its drilling plans in Pungești, Vaslui County, where villagers had been opposing shale gas exploration due to fears of ground water contamination. Thousands more protested throughout Romania, and in December protests became violent when Chevron announced plans to resume exploration. Following the incident, Chevron said it was again suspending activities in the area.[145][146][147]

Argentina agreement, repression of environmentalists, workers and Native Americans[edit]

After the 2012 decision of the Argentine government to regain control of the biggest oil company of the country, YPF, the search for foreign investors for exploitation of unconventional oil started. Finally in 2013, YPF and Chevron signed an agreement for the Vaca Muerta oil field, the world’s second-largest shale gas deposit . In August 2013, the Congress of Neuquén province voted on the agreement. A massive peaceful protest of between 5,000 [148] and 10,000 [149] workers, students and other Native Americans was severely repressed by the government and finally the bill was approved. Plastic and traditional bullets were fired.[150][151]