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Chevron on Disclosure of Payment to Host Government

Mr. Mam Sambath, Chairperson of Cambodians for Resource Revenue Transparency and Director of DPA, attended the annual general meeting of Chevron shareholders held in Houston on May 26, 2010. Chevron is scheduled to begin oil production in Cambodia in 2010.

At the meeting, Mr. Sambath seconded an Oxfam America proposal requesting that Chevron publish its payments to foreign governments in an effort to increase transparency throughout the industry. The proposal was defeated, but can be raised again at next year’s meeting.
“We believe it’s important for both Chevron and our government to be transparent. Access to information on revenues will empower us to hold our government accountable for using oil revenues for economic development and basic social services like education and healthcare,” Mr. Sambath commented.

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