This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Chevron Increases Total Global Fund Investment To $60 Million

Chevron Corporation (NYSE:CVX) announced that it will commit an additional $5 million over two years to The Global Fund to Fight AIDS, Tuberculosis and Malaria to target the prevention of mother-to-child transmission of HIV (PMTCT) in Nigeria. This commitment raises Chevron’s 8-year investment in the Global Fund to $60 million, making the company the single largest private sector partner to the organization.

“We recognize the deep interdependence of healthy businesses and healthy societies,” said Rhonda Zygocki, executive vice president, Policy and Planning for Chevron Corporation. “Our continued partnership with the Global Fund reflects our long-term commitment to investing in health, education and economic development initiatives that help build strong communities.”

Chevron became The Global Fund’s inaugural Corporate Champion in January 2008, when it committed $30 million to support AIDS, tuberculosis and malaria programs in Asia and Africa. In 2010, the company made an additional commitment of $25 million to fight HIV/AIDS and PMTCT in Angola, South Africa, Thailand, and Vietnam.

In expanding its reach, Chevron initially chose The Global Fund as a partner in 2008 because its performance-based model provides an efficient and highly-impactful way to sustain healthy communities around the world. The Global Fund also places a significant emphasis on measurement and evaluation of the programs it funds, ensuring that Chevron’s investments are making a tangible difference. To date, Chevron has played a part in saving 8.7 million lives through the company’s support of The Global Fund.

“Chevron has shown commendable leadership in the fight against infectious diseases,” said Dr. Mark Dybul, the executive director of The Global Fund. “With shared responsibility and strong partnerships with governments, civil society and private sector players like Chevron, we will defeat these deadly diseases. Chevron’s strong support helps bring us ever closer to this historic opportunity.”

Chevron has been at the forefront of the fight against AIDS since 1986 when it joined other U.S. companies to promote education and reduce stigma in the workplace. In the 1990s, Chevron expanded efforts internationally and in 2005 was the first energy company to institute a global HIV and AIDS policy supporting employees and their families.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,136.56 -36.12 -0.21%
S&P 500 1,994.33 +0.04 0.00%
NASDAQ 4,532.2060 +4.5170 0.10%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs