The Milken Institute’s California Center reports that one bright spot in a dismal business climate is the energy sector both with research and production of alternative and renewable energy along with production and refinement of oil and natural gas. To understand the effect the energy business has on the California economy, the Institute reported on the Chevron Corporation, California’s largest Fortune 500 company.

Chevron is the largest firm in the state as measured by revenue and is the only major energy producer headquartered in California.

Chevron’s impact on the economy is revealed in some numbers highlighted by the Milken report.

If the oil severance tax that is often discussed is ever adopted, those numbers are sure to drop.

The report titled, Energizing California, Mapping Chevron’s Economic Impact on the Golden State, can be found here