Chevron Supports Peaceful Resolution in Myanmar

Chevron supports the calls for a peaceful resolution to the current situation in Myanmar in a manner that respects the human rights of the people of Myanmar.

Chevron's interest in the Yadana natural gas project is long-term and we are committed to helping meet the energy needs of millions of people in the region and to play a constructive and positive role in local communities. Through the project, Chevron supports critical health, economic development, and education programs that make substantive and positive improvements to the lives of 50,000 people in the Yadana project communities.

Sanctions that require Chevron to sell its interest in Yadana would not affect Yadana operations or the revenues produced by the project. If Chevron were to sell its interest it could generate hundreds of millions of dollars in additional revenue for the Government of Myanmar and endanger important social and economic development programs.

As a number of academics and organizations have stated recently, attempts to isolate Myanmar further is likely to be counterproductive. Chevron believes that social and economic developments are interrelated. Constructive engagement, together with development programs and support, will ultimately contribute to peace and prosperity for the people of Myanmar.