|If Chevron Could Only Emulate Murphy Oil
June 18, 2008
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:
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
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.