Chevron gives $2.5M to super-PAC backing House Republicans

Oil giant Chevron Corp. this month gave $2.5 million to the Congressional Leadership Fund (CLF), a super-PAC that supports House Republicans.

Chevron’s donation accounts for the bulk of the $3.1 million the group raised between Oct. 1-17, according to a filing with the Federal Election Commission released Thursday.

California-based Chevron, in a statement, said it “exercises its right to participate in the political process through various contributions” and emphasized that all of the company's political giving is fully disclosed.

“We support political initiatives and candidates committed to strengthening U.S. businesses, producing affordable energy and delivering good government,” the company said.

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Chevron’s move to help keep the House in GOP hands arrives as the oil industry is fighting a number of battles on Capitol Hill, including Democratic efforts to repeal various industry tax deductions. 

The Chevron donation appears to be the largest by a publicly traded company since the Supreme Court’s 2010 Citizens United v. FEC decision, according to Public Campaign Action Fund, a group that promotes the public financing of elections.

The Supreme Court decision allowed companies for the first time to spend money from their general treasury funds supporting and opposing political candidates. 

The super-PAC's $3.1 million raised in the first half of October leaves it with almost $8.7 million on hand as Election Day looms, according to the FEC filing.

The Congressional Leadership Fund and its sister group, the American Action Network, have combined to spend more than $21 million on House races. The Hill has more on races they're targeting here.

— This story was updated at 11:20 a.m.