media statement chevron contributes $50 million for legacy WA community initiative

PERTH, 22 November 2022 – Chevron Australia is pleased to be a founding contributor of the joint State Government and industry Resources Community Investment Initiative (RCII), continuing its longstanding support of social and critical infrastructure investment in Western Australia.

Chevron’s founding contribution of A$50 million to the RCII was announced by the Western Australian Premier Mark McGowan today, along with contributions from other Australian resource companies, and support from the Chamber of Minerals and Energy of WA.

The initiative will fund infrastructure projects and community and social initiatives in Western Australia which will benefit current and future generations.

Chevron Australia managing director Mark Hatfield said Chevron’s support of the RCII reflected the company’s long-term commitment to the state.

“Over the past seven decades, we’ve been proud to partner with local communities in the Pilbara region and across Western Australia on projects and activities that support their wellbeing and prosperity,” Mr Hatfield said.

“In Onslow, the Wheatstone joint venture participants, led by Chevron as operator, invested more than A$250 million in social and critical infrastructure, and contributed more than A$11 million to local initiatives which have helped the town and region thrive.

“Our contribution to the RCII complements our ongoing social investment program in Western Australia and enables us to support a greater number of worthwhile community and social initiatives that seek to make a positive difference for the people of Western Australia.”

WA Premier Mark McGowan said he was looking forward to seeing some iconic State projects delivered and making Western Australia an even better place to live.

“The strength of our economy puts us in an ideal position to set up our State in the long-term.

“I commend Chevron Australia for their contribution as a founding partner and look forward to their ongoing support with this important initiative.”

Under the terms of the RCII, Chevron will nominate the projects it proposes to direct funding towards, with individual project agreements to be established with agreed project milestones.

For more information on Chevron’s social investment program in Australia visit australia.chevron.com/community.

Chevron is one of the world's leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 70 years. With the ingenuity and commitment of thousands of workers, Chevron Australia operates the Gorgon and Wheatstone natural gas facilities; manages its equal one-sixth interest in the North West Shelf Venture; operates Australia’s largest onshore oilfield on Barrow Island; is a significant investor in exploration; and via Puma Energy delivers quality fuel products and services across Australia, operating or supplying a network of more than 360 retail locations and an extensive 24-hour hour diesel stop network, as well as 14 depots and three seaboard terminals.

Cam Van Ast

cameron.vanast@chevron.com

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