Chugach Alaska Corporation is one of thirteen Alaska Native Regional Corporations created under the Alaska Native Claims Settlement Act of 1971 in settlement of aboriginal land claims. CAC is a for-profit corporation with over 2,200 Alaska Native shareholders primarily of Chugach Alutiiq, Eyak, and Tlingit descent. CAC has no publicly traded stock and its shares cannot legally be sold. The company consists of seven subsidiaries and several joint ventures with over 6,300 employees worldwide and 2005 revenues exceeding $785 million. The company derives the bulk of its sales from oil and gas production, mining, commercial timber, and tourism.