Chevron, Delta Air Lines and Google Announce Intent to Measure Sustainable Aviation Fuel Emissions Data and Increase Industry Transparency

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SAN RAMON, CA & MOUNTAIN VIEW, CA & ATLANTA – (COMMERCIAL THREAD) – Chevron USA Inc., through its division Chevron Products Company (Chevron), Delta Air Lines (Delta) and Google today announced a Memorandum of Understanding (MOU) to track emissions data of Sustainable Aviation Fuel (SAF) test batches using cloud based technology.

Sustainable aviation fuel is produced from organic raw materials which can significantly reduce the carbon intensity of the life cycle compared to conventional jet fuel. The companies hope to create a common, more transparent model for analyzing potential reductions in greenhouse gas emissions that could then be adopted by organizations considering SAF programs. Through this project, Chevron plans to produce a test batch of SAF at its refinery in El Segundo and sell SAFs to Delta at Los Angeles International Airport (LAX), a major global hub for the fleet. from Delta.

“As aviation continues to define a more sustainable future, understanding the environmental impacts of our operations will be paramount as we seek to mitigate climate change,” said Amelia DeLuca, Managing Director of Sustainability at Delta. “In addition to being the world’s leading carbon neutral airline, we have made a commitment to replace 10% of our jet fuel with FAS by 2030. This partnership has the potential to help us achieve this goal. while providing important data and analysis that demonstrate the environmental integrity of our commitment.

“This MOU builds on our previously announced efforts to be the first refiner in the United States to proportionally co-process organic feedstocks in an FCC through a high yield investment program,” said said Andy Walz, president of Americas Fuels & Lubricants for Chevron. “The data sharing and transparency component of this partnership will help us better understand emissions from the sustainable production and delivery of aviation fuel, supporting our goal of advancing low carbon fuels. ”

In parallel, Google Cloud plans to create a data and analytics framework to securely ingest and analyze emissions data from Delta and Chevron related to the SAF test batch. The pilot’s objective will be to provide better visibility of their project data, allowing greater transparency and better reporting of SAF emissions.

“Google Cloud has a history of pioneering emissions reduction technologies and we look forward to exploring the use of data and analytical capabilities to advance the understanding and adoption of renewable fuels,” said Larry Cochrane, Director, Global Energy Solutions, Google Cloud.

About Chevron

Chevron is one of the world’s leading integrated energy companies. We believe that affordable, reliable and ever cleaner energy is essential to achieve a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that improve our business and the industry. To advance a low-carbon future, we are focused on cost-effectively reducing our carbon intensity, increasing renewables and offsets to support our business, and investing in low-emission technologies. carbon that enable commercial solutions. More information about Chevron is available at www.chevron.com.

About Delta

From being the first and only U.S. airline to voluntarily cap greenhouse gas emissions at 2012 levels to last year’s pledge to be the world’s first carbon-neutral airline, Delta’s has a long-standing commitment to sustainable air transport. Delta was the # 1 airline named among America’s Most Sustainable Companies by Barron’s in 2020, the only US airline included in the S&P Sustainability Yearbook 2021 and received the Vision for America award from Keep America Beautiful and the Captain Planet Foundation Superhero Corporate Award. Delta has also earned a place in the FTSE4Good Index for six consecutive years and in the Dow Jones Sustainability North America Index for ten consecutive years. For more information, visit Delta.com/sustainability.

About Google Cloud

Google Cloud accelerates the ability of businesses to digitally transform their businesses with the best infrastructure, platform, industry solutions and expertise. We deliver enterprise solutions that leverage cutting-edge technology from Google, all in the industry’s cleanest cloud. Customers in more than 200 countries and territories look to Google Cloud as a trusted partner to help them grow and solve their most critical business problems.

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Important factors that could cause actual results to differ materially from forward-looking statements include: the development of crude oil and natural gas prices and demand for our products, and production reductions due to weather conditions. of the market ; crude oil production quotas or other measures that may be imposed by the Organization of the Petroleum Exporting Countries and other producing countries; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and all related government policies and actions; changes in the economic, regulatory and political environments in the various countries in which the company operates; general national and international economic and political conditions; changes in refining, marketing and chemicals margins; the company’s ability to achieve anticipated cost savings, expense reductions and efficiencies associated with business transformation initiatives; actions of competitors or regulators; the schedule of exploration expenditures; timing of crude oil removals; the competitiveness of alternative energies or substitute products; technological development; the operating results and financial condition of the company’s suppliers, vendors, partners and affiliates, particularly during prolonged periods of low crude oil and natural gas prices during the COVID-19 pandemic; the inability or failure of the company’s joint venture partners to fund their share of operations and development activities; the potential inability to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the disruption or potential disruption of company operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts or other causes natural or human beyond the control of the company; potential liability for corrective actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental laws and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions tight ; potential liability resulting from ongoing or future litigation; the Company’s ability to realize the expected benefits from the acquisition of Noble Energy, Inc .; future acquisitions or disposals of assets or shares by the company or the delay or failure of closing these transactions on the basis of the required closing conditions; the potential for gains and losses resulting from the disposal or impairment of assets; government-mandated sales, disposals, recapitalizations, taxes and audits, tariffs, penalties, changes in tax terms or restrictions on the scope of business operations; fluctuations in foreign currencies against the US dollar; significant reductions in corporate liquidity and access to debt markets; receipt of the authorizations required by the Board to pay future dividends; the effects of accounting rules changed in accordance with generally accepted accounting principles promulgated by regulatory bodies; the company’s ability to identify and mitigate the risks and dangers inherent in operating the global energy industry; and the factors set out under “Risk Factors” on pages 18 to 23 of the Company’s 2020 Annual Report on Form 10-K and in other documents subsequently filed with the United States Securities and Exchange Commission. Other unforeseeable or unknown factors not discussed in this press release could also have material adverse effects on forward-looking statements.


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