Scholarship awards will range from $500 to $2,500 per year. One-time, non-renewable $1,000 honorariums will be granted to students who do not demonstrate relative financial need or whose parents choose not to supply the requested financial information. 

Provided there are qualified applicants, at least 50% of awards will be granted to students majoring in a STEM field.

Awards, other than the honorarium awards, may be renewed for up to three additional years or until a first degree or certificate is earned, whichever occurs first. Awards, other than the honorarium awards, to attend a two-year college or vocational-technical school may be renewed once. 

Renewal awards are contingent on having at least a U.S. equivalent GPA of 3.0 on a 4.0 scale in a full-time undergraduate course of study, continued parental employment, and continuation of the program by Chevron. In addition, retirees must not be employed at a competitive energy company. Additional instructions and requirements will be provided to the scholarship recipients during the 2023-2024 academic year.

Awards are for undergraduate study only.

Scholarships are intended to assist students as they pursue undergraduate study and are NOT intended to cover all educational expenses. Recipients are responsible for the balance of funding, including tuition and fees, books and supplies, living expenses, and transportation.