COVID Stimulus Watch Individual Entry

Recipient Company:

Chevron Corp

Loan or Loan Guarantee Amount:

$2,094,279

Recipient Details

Ownership Structure: publicly traded (ticker symbol CVX)

Award Date: Sep 8, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: Chevron

Headquartered in: California

Parent Sector: oil and gas

Parent Industry: oil & gas

Employees (prior to pandemic): 48,200

Employment-related Penalties: $6,805,785

Government-contracting-related Penalties: $10,490,700

Environmental / Healthcare / Safety Penalties: $343,208,055

Consumer Protection / Financial / Competition-related Penalties: $4,328,342

Ratio of CEO Pay to that of Median Worker: 236 to 1

CEO Compensation: $33,070,662

Worker Median Pay: $1,400,963

Total Federal, State, and Local Subsidies: $49,683,303

Federal Corporate Income Tax Rate: -4.0%