{"success":true,"data":{"pressRelease":{"id":"160617","rtpr_id":"nBw6Kp6Z4a-20261005","ticker":"CVX","exchange":"NYSE","all_tickers":["CVX"],"title":"Chevron Announces Senior Leadership Changes","author":"Business Wire","published_at":"2026-10-05T13:00:01.254Z","article_body":"Chevron Announces Senior Leadership Changes\n\nChevron Corporation (NYSE: CVX) today announced the following senior\nleadership changes, effective January 1, 2027:\n\n\n * Mark Nelson, currently vice chairman and executive vice president of Oil,\nProducts & Gas, will remain vice chairman with responsibility for Strategy\nand Business Development. In addition to his corporate duties, Nelson will be\nresponsible for identifying and advancing opportunities that strengthen the\ncompany's portfolio, enhance competitiveness, and support long-term growth.\n\n * Eimear Bonner, currently Chief Financial Officer, will become president, Oil,\nProducts & Gas. In this role, Bonner will be responsible for safe,\nreliable operations across the entire value chain, disciplined capital\nallocation, asset class excellence and value chain optimization to drive\nstronger performance.\n\n * Jeff Gustavson, currently president, New Energies, will become Chief Financial\nOfficer. In this role, Gustavson will be responsible for audit, controller,\ninvestor relations, tax, treasury and business planning activities worldwide.\n\n * Brent Gros, currently president of Offshore, will become president of New\nEnergies, leading Chevron’s lower carbon businesses, including hydrogen,\npower, carbon capture, offsets, and biofuels. He will also oversee the\ncompany’s AI strategy, focused on value creation, operational excellence,\ncost efficiency, and innovation.\n\n“Mark, Eimear, Jeff and Brent bring a combination of operational expertise,\nstrategic perspective and a proven ability to deliver results across our\nbusiness,” said Mike Wirth, Chairman and Chief Executive Officer. “Their\nexperience, judgment and commitment to excellence will help position Chevron\nfor continued success in an evolving energy landscape.”\n\nAbout Chevron\n\nChevron is one of the world’s leading integrated energy companies. We\nbelieve affordable, reliable and ever-cleaner energy is essential to enabling\nhuman progress. Chevron produces crude oil and natural gas; manufactures\ntransportation fuels, lubricants, petrochemicals and additives; and develops\ntechnologies that enhance our business and the industry. We aim to grow our\noil and gas business, lower the carbon intensity of operations, and grow new\nenergies businesses. More information about Chevron is available at\nwww.chevron.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.chevron.com%2F&esheet=54616126&newsitemid=20261005366851&lan=en-US&anchor=www.chevron.com&index=1&md5=5b35327e8a0cf22920420ab083fd8ba0)\n.\n\nCAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE\nOF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM\nACT OF 1995\n\nThis news release contains forward-looking statements relating to Chevron’s\noperations, assets, and strategy that are based on management’s current\nexpectations, estimates and projections about the petroleum, chemicals and\nother energy-related industries. Words or phrases such as “anticipates,”\n“expects,” “intends,” “plans,” “targets,” “advances,”\n“commits,” “drives,” “aims,” “forecasts,” “projects,”\n“believes,” “approaches,” “seeks,” “schedules,”\n“estimates,” “positions,” “pursues,” “progress,” “design,”\n“enable,” “may,” “can,” “could,” “should,” “will,”\n“budgets,” “outlook,” “trends,” “guidance,” “focus,” “on\ntrack,” “trajectory,” “goals,” “objectives,” “strategies,”\n“opportunities,” “poised,” “potential,” “ambitions,”\n“future,” “aspires” and similar expressions, and variations or\nnegatives of these words, are intended to identify such forward-looking\nstatements, but not all forward-looking statements include such words. These\nstatements are not guarantees of future performance and are subject to\nnumerous risks, uncertainties and other factors, many of which are beyond the\ncompany’s control and are difficult to predict. Therefore, actual outcomes\nand results may differ materially from what is expressed or forecasted in such\nforward-looking statements. The reader should not place undue reliance on\nthese forward-looking statements, which speak only as of the date of this news\nrelease. Unless legally required, Chevron undertakes no obligation to update\npublicly any forward-looking statements, whether as a result of new\ninformation, future events or otherwise.\n\nAmong the important factors that could cause actual results to differ\nmaterially from those in the forward-looking statements are: changing crude\noil and natural gas prices and demand for the company’s products, and\nproduction curtailments due to market conditions; crude oil production quotas\nor other actions that might be imposed by the Organization of Petroleum\nExporting Countries and other producing countries; technological advancements;\nchanges to government policies in the countries in which the company operates;\npublic health crises, such as pandemics and epidemics, and any related\ngovernment policies and actions; disruptions in the company’s global supply\nchain, including supply chain constraints and escalation of the cost of goods\nand services; changing economic, regulatory and political environments in the\nvarious countries in which the company operates, including Venezuela; general\ndomestic and international economic, market and political conditions,\nincluding the conflict between Russia and Ukraine, the ongoing conflict in the\nMiddle East and the global response to these hostilities; changing refining,\nmarketing and chemicals margins; the amount and timing of settlements on the\ncompany’s commodity derivative contracts; the company’s ability to realize\nanticipated cost savings and efficiencies associated with enterprise\nstructural cost reduction initiatives; actions of competitors or regulators;\ntiming of exploration expenses; changes in projected future cash flows; timing\nof crude oil liftings; uncertainties about the estimated quantities of crude\noil, natural gas liquids and natural gas reserves; the competitiveness of\nalternate-energy sources or product substitutes; pace and scale of the\ndevelopment of large carbon capture and storage and offset markets; the\nresults of operations and financial condition of the company’s suppliers,\nvendors, partners and equity affiliates; the inability or failure of the\ncompany’s joint-venture partners to fund their share of operations and\ndevelopment activities; the potential failure to achieve expected net\nproduction from existing and future crude oil and natural gas development\nprojects; potential delays in the development, construction or start-up of\nplanned projects; the potential disruption or interruption of the company’s\noperations due to war, accidents, political events, civil unrest, severe\nweather, cyber threats, terrorist acts, or other natural or human causes\nbeyond the company’s control; the potential liability for remedial actions\nor assessments under existing or future environmental regulations and\nlitigation; significant operational, investment or product changes undertaken\nor required by existing or future environmental statutes and regulations,\nincluding international agreements and national or regional legislation and\nregulatory measures related to greenhouse gas emissions and climate change;\nthe potential liability resulting from pending or future litigation; the\ncompany’s ability to achieve the anticipated benefits from the acquisition\nof Hess Corporation; the company’s future acquisitions or dispositions of\nassets or shares or the delay or failure of such transactions to close based\non required closing conditions; the potential for gains and losses from asset\ndispositions or impairments; government mandated sales, divestitures,\nrecapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal\nterms or restrictions on scope of company operations; foreign currency\nmovements compared with the U.S. dollar; higher inflation and related impacts;\nmaterial reductions in corporate liquidity and access to debt markets; changes\nto the company’s capital allocation strategies; the effects of changed\naccounting rules under generally accepted accounting principles promulgated by\nrule-setting bodies; the company’s ability to identify and mitigate the\nrisks and hazards inherent in operating in the global energy industry; and the\nfactors set forth under the heading “Risk Factors” on pages 21 through 27\nof the company’s 2025 Annual Report on Form 10-K, and as updated in the\nfuture. Other unpredictable or unknown factors not discussed in this news\nrelease could also have material adverse effects on forward-looking\nstatements.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261005366851/en/\n(https://www.businesswire.com/news/home/20261005366851/en/)\n\nAllison Cook\n\nACook@chevron.com (mailto:ACook@chevron.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw6Kp6Z4a-20261005","title":"Chevron Announces Senior Leadership Changes","author":"Business Wire","ticker":"CVX","created":"2026-10-05T13:00:01.254Z","tickers":["CVX"],"exchange":"NYSE","article_body":"Chevron Announces Senior Leadership Changes\n\nChevron Corporation (NYSE: CVX) today announced the following senior\nleadership changes, effective January 1, 2027:\n\n\n * Mark Nelson, currently vice chairman and executive vice president of Oil,\nProducts & Gas, will remain vice chairman with responsibility for Strategy\nand Business Development. In addition to his corporate duties, Nelson will be\nresponsible for identifying and advancing opportunities that strengthen the\ncompany's portfolio, enhance competitiveness, and support long-term growth.\n\n * Eimear Bonner, currently Chief Financial Officer, will become president, Oil,\nProducts & Gas. In this role, Bonner will be responsible for safe,\nreliable operations across the entire value chain, disciplined capital\nallocation, asset class excellence and value chain optimization to drive\nstronger performance.\n\n * Jeff Gustavson, currently president, New Energies, will become Chief Financial\nOfficer. In this role, Gustavson will be responsible for audit, controller,\ninvestor relations, tax, treasury and business planning activities worldwide.\n\n * Brent Gros, currently president of Offshore, will become president of New\nEnergies, leading Chevron’s lower carbon businesses, including hydrogen,\npower, carbon capture, offsets, and biofuels. He will also oversee the\ncompany’s AI strategy, focused on value creation, operational excellence,\ncost efficiency, and innovation.\n\n“Mark, Eimear, Jeff and Brent bring a combination of operational expertise,\nstrategic perspective and a proven ability to deliver results across our\nbusiness,” said Mike Wirth, Chairman and Chief Executive Officer. “Their\nexperience, judgment and commitment to excellence will help position Chevron\nfor continued success in an evolving energy landscape.”\n\nAbout Chevron\n\nChevron is one of the world’s leading integrated energy companies. We\nbelieve affordable, reliable and ever-cleaner energy is essential to enabling\nhuman progress. Chevron produces crude oil and natural gas; manufactures\ntransportation fuels, lubricants, petrochemicals and additives; and develops\ntechnologies that enhance our business and the industry. We aim to grow our\noil and gas business, lower the carbon intensity of operations, and grow new\nenergies businesses. More information about Chevron is available at\nwww.chevron.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.chevron.com%2F&esheet=54616126&newsitemid=20261005366851&lan=en-US&anchor=www.chevron.com&index=1&md5=5b35327e8a0cf22920420ab083fd8ba0)\n.\n\nCAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE\nOF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM\nACT OF 1995\n\nThis news release contains forward-looking statements relating to Chevron’s\noperations, assets, and strategy that are based on management’s current\nexpectations, estimates and projections about the petroleum, chemicals and\nother energy-related industries. Words or phrases such as “anticipates,”\n“expects,” “intends,” “plans,” “targets,” “advances,”\n“commits,” “drives,” “aims,” “forecasts,” “projects,”\n“believes,” “approaches,” “seeks,” “schedules,”\n“estimates,” “positions,” “pursues,” “progress,” “design,”\n“enable,” “may,” “can,” “could,” “should,” “will,”\n“budgets,” “outlook,” “trends,” “guidance,” “focus,” “on\ntrack,” “trajectory,” “goals,” “objectives,” “strategies,”\n“opportunities,” “poised,” “potential,” “ambitions,”\n“future,” “aspires” and similar expressions, and variations or\nnegatives of these words, are intended to identify such forward-looking\nstatements, but not all forward-looking statements include such words. These\nstatements are not guarantees of future performance and are subject to\nnumerous risks, uncertainties and other factors, many of which are beyond the\ncompany’s control and are difficult to predict. Therefore, actual outcomes\nand results may differ materially from what is expressed or forecasted in such\nforward-looking statements. The reader should not place undue reliance on\nthese forward-looking statements, which speak only as of the date of this news\nrelease. Unless legally required, Chevron undertakes no obligation to update\npublicly any forward-looking statements, whether as a result of new\ninformation, future events or otherwise.\n\nAmong the important factors that could cause actual results to differ\nmaterially from those in the forward-looking statements are: changing crude\noil and natural gas prices and demand for the company’s products, and\nproduction curtailments due to market conditions; crude oil production quotas\nor other actions that might be imposed by the Organization of Petroleum\nExporting Countries and other producing countries; technological advancements;\nchanges to government policies in the countries in which the company operates;\npublic health crises, such as pandemics and epidemics, and any related\ngovernment policies and actions; disruptions in the company’s global supply\nchain, including supply chain constraints and escalation of the cost of goods\nand services; changing economic, regulatory and political environments in the\nvarious countries in which the company operates, including Venezuela; general\ndomestic and international economic, market and political conditions,\nincluding the conflict between Russia and Ukraine, the ongoing conflict in the\nMiddle East and the global response to these hostilities; changing refining,\nmarketing and chemicals margins; the amount and timing of settlements on the\ncompany’s commodity derivative contracts; the company’s ability to realize\nanticipated cost savings and efficiencies associated with enterprise\nstructural cost reduction initiatives; actions of competitors or regulators;\ntiming of exploration expenses; changes in projected future cash flows; timing\nof crude oil liftings; uncertainties about the estimated quantities of crude\noil, natural gas liquids and natural gas reserves; the competitiveness of\nalternate-energy sources or product substitutes; pace and scale of the\ndevelopment of large carbon capture and storage and offset markets; the\nresults of operations and financial condition of the company’s suppliers,\nvendors, partners and equity affiliates; the inability or failure of the\ncompany’s joint-venture partners to fund their share of operations and\ndevelopment activities; the potential failure to achieve expected net\nproduction from existing and future crude oil and natural gas development\nprojects; potential delays in the development, construction or start-up of\nplanned projects; the potential disruption or interruption of the company’s\noperations due to war, accidents, political events, civil unrest, severe\nweather, cyber threats, terrorist acts, or other natural or human causes\nbeyond the company’s control; the potential liability for remedial actions\nor assessments under existing or future environmental regulations and\nlitigation; significant operational, investment or product changes undertaken\nor required by existing or future environmental statutes and regulations,\nincluding international agreements and national or regional legislation and\nregulatory measures related to greenhouse gas emissions and climate change;\nthe potential liability resulting from pending or future litigation; the\ncompany’s ability to achieve the anticipated benefits from the acquisition\nof Hess Corporation; the company’s future acquisitions or dispositions of\nassets or shares or the delay or failure of such transactions to close based\non required closing conditions; the potential for gains and losses from asset\ndispositions or impairments; government mandated sales, divestitures,\nrecapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal\nterms or restrictions on scope of company operations; foreign currency\nmovements compared with the U.S. dollar; higher inflation and related impacts;\nmaterial reductions in corporate liquidity and access to debt markets; changes\nto the company’s capital allocation strategies; the effects of changed\naccounting rules under generally accepted accounting principles promulgated by\nrule-setting bodies; the company’s ability to identify and mitigate the\nrisks and hazards inherent in operating in the global energy industry; and the\nfactors set forth under the heading “Risk Factors” on pages 21 through 27\nof the company’s 2025 Annual Report on Form 10-K, and as updated in the\nfuture. Other unpredictable or unknown factors not discussed in this news\nrelease could also have material adverse effects on forward-looking\nstatements.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261005366851/en/\n(https://www.businesswire.com/news/home/20261005366851/en/)\n\nAllison Cook\n\nACook@chevron.com (mailto:ACook@chevron.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-05T13:00:02.508208063Z","server_sent_at_ms":1791205202508},"received_at":"2026-10-05T13:00:02.560Z","source_url":"https://www.businesswire.com/news/home/20261005366851/en/"},"analysis":{"id":"149170","press_release_id":"160617","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":[],"eventType":"executive_change","narrative":"Chevron announced senior leadership changes effective January 1, 2027, with CFO Eimear Bonner moving to president of Oil, Products & Gas and Jeff Gustavson, currently president of New Energies, becoming CFO.\n\nMark Nelson remains vice chairman with added responsibility for Strategy and Business Development, while Brent Gros moves from president of Offshore to president of New Energies, where he will also oversee Chevron's AI strategy alongside lower carbon businesses.\n\nAll changes are internal promotions announced well ahead of the effective date, suggesting planned succession rather than disruption; CEO Mike Wirth remains in place.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Orderly CFO rotation at Chevron — Gustavson takes finance as Bonner shifts to operations; watch for any strategy signal in the New Energies/AI consolidation."},"keyFigures":{"customDimensions":{"incoming_cfo":"Jeff Gustavson","outgoing_cfo":"Eimear Bonner","effective_date":"January 1, 2027"}},"quotedText":"Mark, Eimear, Jeff and Brent bring a combination of operational expertise, strategic perspective and a proven ability to deliver results across our business","namedEntities":{"people":[{"name":"Mark Nelson","role":"Vice Chairman (Strategy and Business Development)"},{"name":"Eimear Bonner","role":"Incoming President, Oil, Products & Gas (current CFO)"},{"name":"Jeff Gustavson","role":"Incoming Chief Financial Officer (current President, New Energies)"},{"name":"Brent Gros","role":"Incoming President, New Energies (current President, Offshore)"},{"name":"Mike Wirth","role":"Chairman and CEO"}],"products":[],"companies":[{"name":"Chevron Corporation","ticker":"CVX","relationship":"filer"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"An orderly, planned senior leadership rotation announced ~15 months in advance of the January 1, 2027 effective date. The CFO seat changes hands, but it is an internal promotion with continuity, not an abrupt departure."},"tickerRelevance":{"others":[],"primary":"CVX"},"globalImportance":35,"audienceRelevance":45,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mega-cap/DJIA","eventGravity":"CFO change but planned internal rotation, 15 months notice","successionRisk":"low — all internal, CEO unchanged","householdBrandBoost":true}},"event_type":"executive_change","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Chevron announced senior leadership changes effective January 1, 2027, with CFO Eimear Bonner moving to president of Oil, Products & Gas and Jeff Gustavson, currently president of New Energies, becoming CFO.\n\nMark Nelson remains vice chairman with added responsibility for Strategy and Business Development, while Brent Gros moves from president of Offshore to president of New Energies, where he will also oversee Chevron's AI strategy alongside lower carbon businesses.\n\nAll changes are internal promotions announced well ahead of the effective date, suggesting planned succession rather than disruption; CEO Mike Wirth remains in place.","key_figures":{"customDimensions":{"incoming_cfo":"Jeff Gustavson","outgoing_cfo":"Eimear Bonner","effective_date":"January 1, 2027"}},"named_entities":{"people":[{"name":"Mark Nelson","role":"Vice Chairman (Strategy and Business Development)"},{"name":"Eimear Bonner","role":"Incoming President, Oil, Products & Gas (current CFO)"},{"name":"Jeff Gustavson","role":"Incoming Chief Financial Officer (current President, New Energies)"},{"name":"Brent Gros","role":"Incoming President, New Energies (current President, Offshore)"},{"name":"Mike Wirth","role":"Chairman and CEO"}],"products":[],"companies":[{"name":"Chevron Corporation","ticker":"CVX","relationship":"filer"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-05T13:00:12.619Z","global_importance":35,"audience_relevance":45,"importance_components":{"tickerTier":"mega-cap/DJIA","eventGravity":"CFO change but planned internal rotation, 15 months notice","successionRisk":"low — all internal, CEO unchanged","householdBrandBoost":true}},"durationMs":5974,"modelName":"glm-5.3-flashx"}}