Chevron Corp. Invests Nearly $800,000 in The University of Texas at Austin

Chevron Corp. has made a donation of $793,100 to The University of Texas at Austin. The gift represents the company's investment in the university for the year.

The majority of the funding was allocated to support students in the McCombs School of Business, Cockrell School of Engineering and Jackson School of Geosciences, the primary areas from which Chevron recruits employees.

"Chevron is proud to continue its support of The University of Texas through our University Partnership Program," said Paul Siegele, Chevron's Energy Technology Company president. "Our partnership with Texas is a strategic part of Chevron's efforts to hire top-quality students, who are necessary to help us meet energy demands around the world."

Undergraduate scholarships, graduate fellowships, student organizations and activities, and laboratory renovations were among the things the company supported this year.

"We believe that initiatives such as the new Chevron Teaching Lab for the Jackson School of Geosciences will help train Texas students in geology and other disciplines and be a great tool to help achieve academic excellence for the university," Siegele said.

Including its latest contribution, Chevron's cumulative philanthropic giving to the university stands at more than $47.7 million.