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If Chevron Could Only Emulate Murphy Oil Company
There is a small oil company headquartered in the sleepyl town of El Dorado in the piney woods of southern Arkansas called Murphy Oil Corporation. Murphy nets about half a billion dollars on $18 billion annual gross versus Chevron's $18 billion net revenue on $214 billion sales.

 Murphy does an amazing thing. The company funds a unique scholarship program called El Dorado Promise. The Promise provides all graduates of El Dorado High School (the only high school in town) a tuition scholarship that can be used at any accredited Arkansas public university or community college, or any accredited private or out-of-state university. The program was funded for 20 years at $50 million.

 Following is Murphy's description of its motivations for the program:

 Nowhere is the idea of progress through excellence more evident than in Murphy's wide-ranging, company-wide efforts to strengthen the communities in which it operates. Murphy has carefully, thoughtfully and successfully built partnerships with educational, civic and charitable initiatives in these communities.

Murphy recognizes and applauds the positive impact its employees have in working within their own communities. From volunteering as coaches of youth sports to working at battered women's shelters to serving on city government commissions, school boards, or city and state chambers of commerce, individual Murphy employees give enthusiastically of themselves, and of their time, to strengthen their communities.

El Dorado Promise - El Dorado Promise is a unique scholarship program funded by Murphy Oil Corporation. The Promise provides graduates of El Dorado High School a tuition scholarship that can be used at any accredited Arkansas public university or community college, or any accredited private or out-of-state university. For more information visit: www.eldoradopromise.com.

 

Click here for a Washington Post story on the program, which was instituted after Chamber of Commerce officials approached Murphy Oil.

 

What can you do? If you think this would be a good thing for the Richmond Chamber of Commerce and Chevron to do in Richmond, click on “reply to all” and let them know.