Letter from Joe Foster, Founder - Newfield Exploration
Newfield has been benefiting charitable organizations since its first years of existence. Four large university endowments were early investors in Newfield and were able to increase their endowments by over $200 million with gains from their investment.
In addition, the appreciation of Newfield's stock price has permitted our employees to contribute several million dollars in stock to various charities, not to mention what other shareholders and investors may have done with their profits in Newfield stock.
Since 2001, corporate funds contributed to the Newfield Foundation have provided an avenue for contributions to be made to worthy organizations through direct gifts from the Foundation and by matching of employee contributions.
I am very proud that Newfield has shared - and continues to share - its success in so many ways with the society, the infrastructure, and the institutions which have permitted it to flourish.
- Joe Foster, Founder
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