Chevron in Liberia

Liberia Fact Sheet | April 2013
Liberia Fact Sheet
Highlights of Operations
Our subsidiary Chevron Liberia Limited is exploring for energy resources in deepwater concessions off the coast of Liberia.
Working with international and Liberian partners, we are drilling some of the first deepwater wells in Liberia in decades.
As part of our commitment to Liberia, we created the Chevron-Liberia Economic Development Initiative. Through this initiative,
Chevron has invested in a variety of successful programs focused on health, education and enterprise development.
Business Portfolio
Exploration
In Liberia, Chevron works through our subsidiary Chevron Liberia Limited. In September 2010, the Liberian government granted
Chevron approval to acquire interests in three deepwater blocks. Just a few months later, in 2011, Chevron opened an office in
the capital, Monrovia.
Chevron is the operator of and has a 45 percent interest in the blocks, LB-11, LB-12 and LB-14. The three blocks are between
12 and 110 miles (20 to 180 km) south of Monrovia and cover an area of about 2 million acres (8,100 sq km).
Deepwater exploration wells were drilled in the LB-11 block and in the LB-12 block during 2012. Results from that drilling and 3-
D seismic data are being studied.
The wells, drilled with the support of several Liberian companies, are Chevron's first deepwater exploration wells in the country.
In the Community
Chevron has been doing business in Africa for a century. Wherever we work on the continent, we seek to improve the quality of
life by employing and training local workers and investing in communities. Chevron's aim is to develop energy that will continue
to support economic and social progress.
In 2010, the year Chevron began doing business in Liberia, we established the Chevron-Liberia Economic Development (C-
LED) Initiative. Through this five-year effort, Chevron has committed $10.5 million to social investment programs in a country
rebuilding itself after civil war.
Chevron is partnering with the Liberian government, national and international nongovernmental organizations, and donors to
deliver sustainable economic benefits to women, children and youth. Our efforts are focused on health, education and enterprise
development. Among the 52 C-LED projects, 42 have been fully executed, eight more are pending review. Some of the projects
that have been implemented include:
Health
• Nationwide immunization against measles for more than 550,000 children
• Installation of modern public latrines that provide 50,000 people with better sanitation
• Water facilities in 40 communities that affect 100,000 people
• Renovation of the children-under-5 clinic at John F. Kennedy Memorial Hospital, where 3,000 children are seen each
month
• Enabling two doctors from Baylor University to examine an average of 3,000 patients per month
• An upgrade of general medicine, gynecology and maternity wards at Redemption Hospital
www.chevron.com
© 2013 Chevron Corporation. All rights reserved.
Liberia Fact Sheet | 1

• Improved access to reproductive health services for vulnerable families in the under-served communities of Grand
Bassa
• Seed capital for the Monrovia City Corporation to build the city's first green space/park area, install litter bins citywide
and set up a recycling center
Enterprise Development
• Microfinance grants for women's groups and improvements to three local markets run by women serve more than
100,000 people.
• A three-year Mercy Corps program for more than 3,000 youth offers vocational training, mentoring, grants and
microfranchising—a system that has created 150 small businesses.
• A Youth Action International program trained more than 300 women in beading, catering, cosmetology and tailoring and
taught them how to market their products locally and internationally.
• The Entrepreneurship Center of Excellence for micro and small businesses was established at the University of
Monrovia.
Education
• At Booker Washington Institute, a fully furnished computer lab for vocational training and state-of-the-art equipment for
carpentry and machine workshops benefit 3,000 students every month.
• A YMCA computer training program educates more than 2,000 young people annually.
• Computers, printers and Internet access at a YMCA youth center now serve an average of 200 students per day.
• An information technology training computer lab—the first in the country—at Stella Maris Polytechnic Institute provides
more than 2,000 students with computer training. Some receive training and testing to become Cisco-certified IT
professionals.
In early 2012, Chevron announced a five-year agreement with Texas Children's Hospital of Houston, Texas, to expand the
hospital's Global Health Corps initiative. The program brings American doctors to the most medically underserved populations in
Africa to provide pediatric and maternal health care and professional health care training. Through this program, specialists
sponsored by Chevron serve assignments at John F. Kennedy Hospital in Monrovia.
Contact Us
Chevron Liberia Limited
Sinkor Towers
Corner of 15th Street and Warner Avenue
Monrovia, Liberia
Telephone: +23 18 806 60992
Email: cotk@chevron.com
Updated: April 2013
CAUTIONARY STATEMENT RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE
HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Some pages on Chevron.com contain forward-looking statements relating to the operations of Chevron Corporation or its
subsidiaries that are based on management's current expectations, estimates and projections about the petroleum, chemicals
and other energy-related industries. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes,"
"seeks," "schedules," "estimates," "budgets," "forecasts," "outlook" and similar expressions are intended to identify such forwardlooking
statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties
www.chevron.com
© 2013 Chevron Corporation. All rights reserved.
www.chevron.com
Liberia Fact Sheet | 2

and other factors, many of which are beyond the company's control and are difficult to predict. Therefore, actual outcomes and
results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not
place undue reliance on these forward-looking statements, which speak only as of the date of this report. Unless legally required,
Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information,
future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are:
changing crude oil and natural gas prices; changing refining, marketing and chemical margins; actions of competitors or
regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product
substitutes; technological developments; the results of operations and financial condition of equity affiliates; the inability or failure
of the company's joint-venture partners to fund their share of operations and development activities; the potential failure to
achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the
development, construction or start-up of planned projects; the potential disruption or interruption of the company's production or
manufacturing facilities or delivery/transportation networks due to war, accidents, political events, civil unrest, severe weather or
crude oil production quotas that might be imposed by the Organization of Petroleum Exporting Countries; the potential liability for
remedial actions or assessments under existing or future environmental regulations and litigation; significant investment or
product changes required by existing or future environmental statutes, regulations and litigation; the potential liability resulting
from other pending or future litigation; the company's future acquisition or disposition of assets and gains and losses from asset
dispositions or impairments; government-mandated sales, divestitures, recapitalizations, industry-specific taxes, changes in
fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; the
effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; and the
factors set forth under the heading "Risk Factors" in Chevron's Annual Report on Form 10-K for the year ended December 31,
2012. In addition, such statements could be affected by general domestic and international economic and political conditions.
Unpredictable or unknown factors not discussed in Chevron's Annual Report on Form 10-K for the year ended December 31,
2012 could also have material adverse effects on forward-looking statements.
CHEVRON, the CHEVRON HALLMARK, CALTEX, TEXACO, DELO, HAVOLINE, ISOCRACKING, ISODEWAXING,
ISOFINISHING, POWER DIESEL, REVTEX, STAR MART, STAR LUBE, TECHRON, TOWN COUNTRY, URSA, and XPRESS
LUBE are registered trademarks of Chevron Intellectual Property LLC.
www.chevron.com
© 2013 Chevron Corporation. All rights reserved.
www.chevron.com
Liberia Fact Sheet | 3