2025-06-02-牛津经济研究院-雪佛龙在_West_Contra_Costa_县的影响（英）_20页_9mb

Summary of Chevron's Impact in West Contra Costa County

Core Content

This report, commissioned by Chevron, outlines the company's significant economic and social contributions to West Contra Costa County in 2022, based on data and analysis from Oxford Economics. The study uses economic impact modeling to assess the value-added contributions, employment, wages, and tax revenue generated by Chevron's Richmond Refinery and Technology Center.

Chevron's Richmond facilities, which have been operational since 1902, are the largest refinery in the San Francisco Bay Area and a major employer in the region. The Refinery produces transportation fuels and lubricating oils, while the Richmond Technology Center is a global hub for energy research and development, responsible for innovations such as the patented fuel additive Techron.

The report highlights that Chevron's economic impact in 2022 was substantial, contributing $1.1 billion in gross value-added (GVA) to the local GDP, which represented approximately 5% of the region's total value-added. This included:

• Direct GVA: $920.2 million from Chevron's operations.
• Indirect GVA: $57.1 million from supply chain activities.
• Induced GVA: $96.5 million from employee wage spending.

Chevron supported 3,830 jobs in the region, with 2,570 being directly employed by the company. The jobs multiplier was 1.5, meaning every 10 Chevron jobs supported 5 additional jobs in other industries. The total labor income generated was $492.5 million.

In addition to economic contributions, Chevron made significant social investments, including charitable donations and volunteer efforts. In 2022, the company and its employees donated $2.1 million to over 70 local charities and non-profit organizations, with a further $0.3 million in value from 4,100 volunteer hours. These contributions were directed towards education, economic development, youth and public safety, and civic and community causes.

Chevron also entered into an Environmental and Community Investment Agreement (ECIA) in 2014, committing to pay $80 million over 10 years to fund community-based programs, including greenhouse gas reduction initiatives. In the two fiscal years covered by this report, $6.7 million and $4.4 million were distributed to local programs.

Key Findings

Economic Impact

• Total GVA Contribution: $1.1 billion, or 5% of the region's GDP.
• Direct GVA: $920.2 million (86% of total), from Chevron's operations.
• Indirect GVA: $57.1 million (5% of total), from supply chain activities.
• Induced GVA: $96.5 million (9% of total), from employee wage spending.
• Total Jobs Supported: 3,830 jobs, or about 1 in every 29 jobs in the region.
• Direct Employment: 2,570 workers at the Refinery and Technology Center.
• Jobs Multiplier: 1.5, one of the highest in the region.
• Labor Income: $492.5 million generated across all jobs.
• Chevron Employees' Productivity: 86% higher than the regional average.
• Average Compensation: $153,000 for Chevron employees, 56% higher than the regional average.

Social Impact

• Charitable Donations: $2.1 million to over 70 local charities and non-profits.
• Volunteer Hours: 4,100 hours, valued at $0.3 million.
• Major Causes Supported:
  • Education: $0.7 million (40% of total) to programs like the West Contra Costa Public Education Fund and Project SEED.
  • Economic Development: $0.7 million (40% of total) to initiatives supporting entrepreneurship and small business.
  • Youth and Public Safety: $0.2 million (14% of total) to programs such as the Richmond YouthWORKS and Richmond Police Activities League.
  • Civic and Community Causes: $0.1 million (6% of total) for events and organizations like Familias Unidas and Groundwork Richmond.

Environmental Contributions

• ECIA Funding: $80 million over 10 years for community-based environmental and social programs.
• Funds Distributed:
  • $6.7 million in FY 2021-2022.
  • $4.4 million in FY 2022-2023.
• Programs Supported:
  • Yellow Brick Road Iron Triangle Walkable Neighborhood Plan.
  • Groundwork Richmond for environmental and youth initiatives.

Methodology

The economic impact was calculated using standard impact modeling techniques, including direct, indirect, and induced economic contributions. The analysis was based on data from Chevron's procurement and employment activities, combined with IMPLAN economic impact software, which uses input-output modeling to trace the economic effects across industries. The study included data from 2022, the most recent year available at the time of writing.

Conclusion

Chevron's Richmond facilities have a profound economic and social impact on West Contra Costa County, contributing significantly to GDP, employment, and community development. The company's operations not only generate substantial value-added and tax revenue but also support local job creation and community initiatives, reinforcing its role as a key player in the region's economy and society.