Chevron

Noble Energy, PDC Energy, Texaco, Renewable Energy Group
San Ramon, California
Energy

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Chevron Corp. is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Chevron embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.

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Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Chevron received a score of 100 on the 2025 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. The company recruits employees based on sexual identity issues. The company discriminates against vendors that do not promote divisive sex and gender policies, indicating it prioritizes sexual issues over merit (1)(2). However, the company has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (3).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Chevron’s HRC 2025 CEI rating indicates the company will not donate to non-religious charities unless they embrace controversial sexual identity policies (1)(2). The company likely uses YourCause as its charitable giving platform. YourCause vets charities according to the Southern Poverty Law Center’s Hate List, which includes mainstream libertarian, conservative, family, and religious advocacy organizations (3)(4)(5)(6). 

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level
Rationale

Chevron‘s HRC 2025 CEI rating indicates the company forces employees to attend multiple, controversial trainings on gender identity, sexual orientation, transgender issues, and divisive racial ideology. The company provides gender transition guidelines for its employees and a specific benefits guide with a comprehensive explanation of transgender services funded by the company (1)(2). Chevron’s Chairman and CEO Michael K. Wirth signed Catalyst’s Champions for Change pledge, indicating its support of DEI in its leadership composition through the establishment of gender and racial targets (3)(4). The company is a signatory of the Gender & Diversity KPI Alliance, appearing to prioritize diversity over merit in its business structure through the establishment of gender and racial targets for its leadership composition and its support of DEI in its hiring and promotions (5)(6). The company protects its employees against viewpoint discrimination (7).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Chevron‘s HRC 2025 CEI rating indicates the company agrees to allow a controversial stakeholder group focused on sexual identity issues to dictate marketing or advertising strategy. By doing so, the company risks dividing employees, alienating customers and harming shareholders (1)(2). The company signed an open letter endorsing the Equality Act, a contentious proposal to amend the 1964 Civil Rights Act by adding sexual orientation and so-called gender identity as protected categories. The legislation would, among other implications, grant biological men access to women-only spaces such as sports teams and public restrooms, and compel healthcare providers to deliver sex-denying healthcare (3). The company’s CEO Mike Wirth is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders (4)(5). Chevron supports ESG within its business practices, holding memberships in the Oil and Gas Climate Initiative (OCGI) and the Global Center for Maritime Decarbonization (GCMD)  (6)(7). Chevron scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group (8)(9).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Chevron‘s HRC 2025 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging. Additionally, the company has pledged philanthropic support of at least one organization or event that promotes sex and gender ideology. By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders (1)(2). The company is a Silver sponsor of the HRC and allegedly enables donations to Planned Parenthood through its charitable gift matching program (3)(4). The company has pledged $15 million to “to support the Black community in the United States to address barriers to racial equity” (5)(6). Chevron is also a copper sponsor of Out & Equal and a corporate partner of the NGLCC (7)(8). The company is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race (9)(10). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (11).

Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level
Rationale

Chevron‘s HRC 2025 CEI rating indicates the company publicly advocated for controversial sex and gender ideology through local, state or federal legislation or initiatives. By allowing a political stakeholder group to dictate operations, the company risks dividing employees, alienating customers and harming shareholders (1)(2). The company has not used its PAC donations or lobbying for ideological purposes (3)(4)(5).

Board Bias

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CEO of Chevron

Michael K. Wirth

Michael K. Wirth

Summary:

Headquartered in San Ramon, California, Chevron is a member of the Fortune 250 operating in the Energy industry. Michael K. Wirth serves as CEO/President and Chairman, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $570,275 to Republican causes and $288,450 to Democratic causes. Under their tenure, Chevron currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$570,275

$288,450

Republican

Democrat

China Risk Database

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Number of Facilities: 4

Total Export Dollars: $3,806,949

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Total Estimated Sanctions (3-year Avg.)

$305,856,195

Average Annual Revenue

Global

$169,094,333,333

China Revenue

0.97%

$1,642,777,579

Annual Average of Total Assets

Global

$250,454,000,000

China Assets

0.99%

$2,469,207,884

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/31/23GovernanceNewground Social InvestmentAdopt a Policy Requiring Chairman to be an Independent MemberAgainst19.90%
5/31/23EnvironmentalUnited SteelworkersReport on Worker and Community Impact from Facility Closures and Energy TransitionsAgainst18.60%
5/31/23EnvironmentalAs You SowDisclose a Recalculated Emissions BaselineAgainst18.30%
5/31/23GovernanceOxfam AmericaReport on Tax PracticesAgainst14.60%
5/31/23SocialAmerican Baptist Home Mission SocietyReport on Racial Equity AuditAgainst9.80%
5/31/23EnvironmentalFollow ThisAdopt Goals/Reduce Scope 3 GHG EmissionsAgainst9.60%
5/31/23EnvironmentalDavid BahnsenEstablish Board on Decarbonization RiskAgainst1.60%
5/31/23EnvironmentalSteven MilloyRescind 2021 Proposal to Reduce Scope 3 EmissionsAgainst1.30%
5/25/22EnvironmentalHermes Equity Ownership Services Ltd.Report on Reliability of Methane Emission DisclosuresFor98.00%
5/25/22SocialInvestor Advocates for Social JusticeRacial Equity AuditAgainst47.50%
5/25/22EnvironmentalAs You SowReport on Impacts of Net-zero 2050 ScenarioAgainst38.70%
5/25/22EnvironmentalFollow ThisAdopt Medium- & Long-term GHG Reduction TargetsAgainst32.60%
5/25/22GovernanceNewground Social InvestmentSpecial Meetings - Reduce Ownership Req. to 10%Against27.40%
5/25/22SocialUnitarian Universalist Assoc.Report on Adopting Policy of Not Doing Business with Governmentsts Complicit in GenocideAgainst12.40%
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