Chevron Presents $900,000 to LSU Engineering

(left to right) LSU College of Engineering Dean Richard Koubek; General Manager of Chevron Gulf of Mexico Operations, Clay Neff; LSU Chancellor Michael Martin; and Vice President of Chevron Gulf of Mexico Business Unit. Warner Williams.

October 7, 2009

BATON ROUGE — Chevron has presented another pledge payment of $900,000 to the Forever LSU Campaign in support of their ongoing partnership with LSU in "Achieving Excellence Together."

Chevron’s gift to LSU is a continuation of its relationship with the University and part of the Company’s University Partnership Program, affecting multiple programs at LSU, including the following four focus areas:

The Chevron Petroleum Engineering Emerging Faculty Recruitment Fund in the Craft & Hawkins Department of Petroleum Engineering,
The Chevron Engineering Professorship Support and Development Fund in several engineering departments,
The Chevron Engineering Post-Doctoral and Graduate Student Fellowship Fund in engineering disciplines that will be awarded competitively to qualified applicants with preference to underrepresented groups,
The Chevron Engineering Multi-disciplinary Reservoir Visualization Center, which will be a program based in the Craft & Hawkins Department of Petroleum Engineering that will benefit students in Petroleum Engineering, Geology and Geophysics, and Information Systems & Decision Sciences.

"LSU’s College of Engineering has enjoyed a strong and productive relationship with Chevron that has expanded over multiple decades," stated Dr. Richard Koubek, Dean of the College of Engineering. "Chevron’s gift showcases the positive influence of the College’s partnership with industry to transform lives through our students, research, alumni and global community. We are grateful to have the support and cooperation from an energy leader, such as Chevron."

The relationship between Chevron Corporation and LSU has continued and strengthened over many years. More than 400 current Chevron employees worldwide received their academic degrees from LSU. Each year, Chevron matches about $150,000 in employee gifts to LSU, which doubles the impact of its employees’ philanthropy.

"Chevron has an unwavering commitment to being a good partner focused on building productive, collaborative, trusting and beneficial relationships," stated Clay Neff, Chevron General Manager of Operations. "Chevron still believes there is no better example of that commitment than our continued partnership with LSU."

On February 28, 2008, LSU announced a $4.75 million gift commitment from Chevron Corporation – the largest one-time corporate cash donation to the LSU Foundation in its history. The current $900,000 pledge payment is the second installment of the $4.75 Forever LSU Campaign commitment.

Prior to the gift announced on Feb. 28, Chevron Corporation had given more than $2.4 million to LSU. Most of those gifts were designated to the College of Engineering.

Chevron’s gift to the College of Engineering and other academic units helps our University advance the goal of the Forever LSU campaign. Forever LSU is a historic undertaking by the LSU community to attain more than $750 million in support for our University by the end of the year 2010. To find out how you can be LSU’s next hero, visit www.foreverlsu.org.

For more information, contact Mimi LaValle, director of communications for the LSU College of Engineering, at 225-578-5706 or mlavall@lsu.edu.