Energizing California - Chevron

Chevron economic impacts
Bay Area, 2007
Employment impact Earnings* impact Output impact
NAICS
codes NAICS description
Employment
multiplier
(number of jobs)
Direct
Chevron
impact
211111 Crude petroleum and natural gas extraction 4.05 889 3,604 2.13 $141,293,939 $301,408,230 1.81 $59,237,897 $107,125,813
212111 Bituminous coal and lignite surface mining 0.00 0 0 0.00 $0 $0 1.00 $0 $0
324110 Petroleum refineries 5.76 5,151 29,693 2.61 $703,219,304 $1,836,316,568 1.63 $2,423,615,465 $3,948,069,592
324191 Petroleum lubricating oil and grease manufacturing 3.54 89 315 2.62 $10,429,667 $27,315,299 2.22 $35,945,406 $79,964,149
483111 Deep-sea freight transportation 5.42 161 872 3.72 $23,830,190 $88,765,074 2.25 $22,936,792 $51,660,537
483113 Coastal and Great Lakes transportation 5.42 165 894 3.72 $15,202,277 $56,626,962 2.25 $14,632,341 $32,956,422
486110 Pipeline transportation of crude 4.59 19 87 2.54 $1,697,243 $4,309,131 2.22 $6,101,575 $13,554,039
424690 Other chemical and allied merchant wholesalers 2.32 242 562 1.88 $33,115,647 $62,095,150 1.91 $46,492,612 $88,582,374
424720 Petroleum and petroleum products merchant wholesalers** 2.32 299 694 1.88 $27,703,394 $51,946,634 1.91 $38,564,411 $73,476,772
531190 Lessors of other real estate property 2.41 1 2 2.70 $245,511 $663,052 1.60 $6,639,066 $10,649,062
541320 Landscape architectural services*** 2.07 65 135 1.73 $8,767,351 $15,132,447 2.05 $15,160,896 $31,060,127
Total 5.21 7,081 36,858 2.53 $965,504,523 $2,444,578,548 1.66 $2,669,326,461 $4,437,098,887
Sources: BLS, Moody's Economy.com, Chevron, Milken Institute.
*Earnings include bonuses; **Except bulk stations and terminals; ***Includes planning and designing the development of land areas for projects.
Total
Chevron
impact
Earnings
multiplier
(dollars)
Direct
Chevron
impact
Total
Chevron
impact
Output
multiplier
(dollars)
Direct
Chevron
impact
Total
Chevron
impact
Industry-wide economic impacts
Bay Area, 2007
Employment impact Earnings* impact Output impact
NAICS
codes Name of Industry
Employment
multiplier
(number of jobs)
Direct
industry-wide
impact
Total
industry-wide
impact
Earnings
multiplier
(dollars)
Direct
industry-wide
impact
Total
industry-wide
impact
Output
multiplier
(dollars)
Direct
industry-wide
impact
Total
industry-wide
impact
211111 Crude petroleum and natural gas extraction 4.05 2,925 11,858 2.13 $464,954,397 $991,840,719 1.81 $194,933,491 $352,517,726
212111 Bituminous coal and lignite surface mining 0.00 0 0 0.00 0 $0 1.00 $0 $0
324110 Petroleum refineries 5.76 6,550 37,758 2.61 $962,022,554 $2,512,129,494 1.63 $3,315,569,873 $5,401,063,323
324191 Petroleum lubricating oil and grease manufacturing 3.54 402 1,425 2.62 $24,867,124 $65,126,997 2.22 $85,703,486 $190,655,974
48311 Deep-sea freight /coastal and Great Lakes transportation 5.42 1,141 6,180 3.72 $134,321,000 $500,332,293 2.25 $129,285,283 $291,189,243
486110 Pipeline transportation of crude 4.59 1,044 4,791 2.54 $49,815,000 $126,475,304 2.22 $179,084,494 $397,818,294
424690 Other chemical and allied merchant wholesalers 2.32 2,154 5,003 1.88 $293,121,123 $549,631,418 1.91 $411,526,510 $784,081,460
424720 Petroleum and petroleum products merchant wholesalers** 2.32 1,133 2,632 1.88 $133,805,123 $250,897,986 1.91 $186,262,944 $354,886,787
531190 Lessors of other real estate property 2.41 1,430 3,440 2.70 $50,745,112 $137,047,325 1.60 $1,372,239,081 $2,201,071,486
541320 Landscape architectural services*** 2.07 2,046 4,237 1.73 $138,390,940 $238,862,762 2.05 $239,311,818 $490,278,122
Total 4.11 18,826 77,324 2.39 $2,252,042,372 $5,372,344,298 1.71 $6,113,916,980 $10,463,562,415
Sources: BLS, Moody's Economy.com, Chevron, Milken Institute.
*Earnings include bonuses; **Except bulk stations and terminals; ***Includes planning and designing the development of land areas for projects.