Chevron’s impact in West Contra Costa County
This report examines the economic impact of Chevron’s Richmond operations on the West Contra Costa County economy in 2022 in terms of value-added contributions, jobs, wages, and tax revenue.
Founded in 1902, the Chevron Richmond Refinery is the largest refinery in the San Francisco Bay Area in California. It supplies approximately 60 percent of the jet fuel used by the Bay Area airports, 20 percent of the gasoline used to power vehicles in the region, and 100 percent of the lubricating oils on the West Coast. Chevron’s Richmond Technology Center, located on the same Richmond campus, is the birthplace of many innovations that have accelerated the quality, durability, and efficiency of the oil and fuel additive industries, including the development of Techron, a patented fuel additive. Together, the Refinery and Technology Center represent the bulk of Chevron’s operations in West Contra Costa County.
This report, commissioned by Chevron, shows how the company’s Richmond operations had a significant positive impact on the West Contra Costa County economy in 2022 in terms of value-added contributions, jobs, wages, and tax revenue.
The total impact of Chevron’s Richmond facilities amounted to $1.1 billion in gross value-added (GVA) contribution to West Contra Costa County’s gross domestic product (GDP) and 3,830 jobs. This was equivalent to 5 percent of local GDP and 3 percent of all jobs in West Contra Costa County in 2022.
The study also highlights Chevron’s social impact in West Contra Costa County, as demonstrated by the support to local charities and non-profit organizations through its social investment programs.
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