Headquartered in California, Chevron is the state's largest company and a critical driver of its economy. In California, Chevron employs approximately 10,000 people full time. Few factors are more critical to California's—and Chevron's—ability to compete in the global economy than nurturing talent in STEM. Chevron recognize that education is a basic building block that contributes to economic development and sustained prosperity.
"The most important challenge for California's economy over the long term is making sure we create our own indigenous STEM human capital inside the state," said Ross DeVol, chief economist with the Milken Institute, a California-based economic think tank. "That's why programs like the ones Chevron funds are critically important."
The need to invest in STEM education is growing across the United States. The U.S. Bureau of Labor Statistics projects that 15 of the 20 fastest-growing occupations in 2014 will require science or math knowledge. California matches that statistic for the 50 fastest-growing occupations. At the same time, the state ranks below the national average in per-student spending, has the highest number of students per teacher, and placed 47th out of 50 states in math scores among eighth-grade students.
In the United States, Chevron invested nearly $100 million in education over the past three years alone. In California, more than half a million students and 6,600 teachers benefited from Chevron-funded STEM education programs in the past two years, including professional development programs for nearly 1,000 teachers. Chevron support also helped nonprofits introduce new STEM curriculum and hundreds of new STEM activities and programs into California's public schools, and provided some 13,000 new STEM resources for students, including scholarships, science and robotics kits, computers, and lab equipment.