Energizing California - Chevron

Chevron economic impacts
Los Angeles, 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 5.07 13 66 2.47 $611,571 $1,509,909 2.03 $375,956,592 $761,387,291
212111 Bituminous coal and lignite surface mining 2.41 0 0 2.33 $0 $0 1.93 $0 $0
324110 Petroleum refineries 7.71 1,175 9,056 3.25 $109,823,507 $356,706,751 1.88 $383,271,817 $720,972,615
324191 Petroleum lubricating oil and grease manufacturing 4.50 4 18 3.14 $487,637 $1,531,668 2.63 $1,701,799 $4,469,776
483111 Deep-sea freight transportation 6.70 2 13 4.45 $189,849 $845,456 2.58 $724,278 $1,868,855
483113 Coastal and Great Lakes transportation 6.70 16 107 4.45 $2,173,965 $9,681,316 2.58 $8,293,708 $21,400,254
486110 Pipeline transportation of crude 5.42 25 136 2.87 $1,688,054 $4,850,116 2.48 $6,938,910 $17,222,375
424690 Other chemical and allied merchant wholesalers 2.66 0 0 2.08 $0 $0 2.16 $0 $0
424720 Petroleum and petroleum products merchant wholesalers** 2.66 202 537 2.08 $13,670,649 $28,492,367 2.16 $62,558,021 $135,275,464
531190 Lessors of other real estate property 2.72 5 14 3.11 $618,281 $1,924,030 1.76 $16,763,954 $29,427,444
541320 Landscape architectural services*** 2.30 22 51 1.87 $1,811,196 $3,386,574 2.28 $3,776,719 $8,595,812
Total 6.83 1,464 9,997 3.12 $131,074,710 $408,928,187 1.98 $859,985,798 $1,700,619,886
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
Los Angeles, 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 5.07 43 217 2.47 $2,012,491 $4,968,639 2.03 $1,237,156,187 $2,505,488,711
212111 Bituminous coal and lignite surface mining 2.41 0 0 2.33 $0 $0 1.93 $0 $0
324110 Petroleum refineries 7.71 4,127 31,812 3.25 $571,962,939 $1,857,735,625 1.88 $1,996,087,002 $3,754,839,260
324191 Petroleum lubricating oil and grease manufacturing 4.50 254 1,142 3.14 $14,784,553 $46,438,280 2.63 $51,596,444 $135,518,059
48311 Deep-sea freight /coastal and Great Lakes transportation 6.70 3,184 21,328 4.45 $97,503,000 $434,210,110 2.58 $371,975,409 $959,808,147
486110 Pipeline transportation of crude 5.42 1,856 10,061 2.87 $81,613,000 $234,490,472 2.48 $335,478,194 $832,656,876
424690 Other chemical and allied merchant wholesalers 2.66 3,623 9,635 2.08 $255,476,201 $532,463,498 2.16 $874,927,897 $1,891,944,084
424720 Petroleum and petroleum products merchant wholesalers** 2.66 2,066 5,493 2.08 $78,607,014 $163,832,740 2.16 $359,712,201 $777,841,664
531190 Lessors of other real estate property 2.72 3,669 9,981 3.11 $104,823,959 $326,201,678 1.76 $2,842,174,736 $4,989,153,531
541320 Landscape architectural services*** 2.30 3,809 8,747 1.87 $209,271,962 $391,296,715 2.28 $436,375,453 $993,190,530
Total 4.35 22,630 98,416 2.82 $1,416,055,119 $3,991,637,756 1.98 $8,505,483,522 $16,840,440,863
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.