A Review of the Nigerian Energy Industry

Chevron reports impressive safety records

12 May 2012, Sweetcrude, HOUSTON – Oil giant Chevron Corporation says it achieved one of the best safety records in the industry, reduced flaring and venting in its operations by 33 per cent compared with 2003 levels.

The company said in its 2011 Corporate Responsibility Report that it has invested $209 million in communities where it operates, and spent more than $2.1 billion on goods and services from small U.S. businesses.

“Affordable energy is a cornerstone of human progress and economic prosperity,” said Chairman of the Board and Chief Executive Officer John Watson in the report.

He added: “In producing and delivering energy, our goal is to ensure that our operations and social investments create measureable and enduring value to the communities where we operate.”

Chevron’s 2011 Corporate Responsibility Report highlights the company’s performance in such areas as safety, environmental stewardship, health, education, economic development and human rights.

It listed top achievements in the report to include investing over $200 million to support community programmes around the world, with a focus on health, education and economic development as well as commencing global implementation of its Human Rights Policy to foster greater awareness of human rights issues throughout the company.

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