Chevron said on September 30, 2026 the Board of Directors elected Jeff B. Gustavson to the position of Chief Financial Officer, effective January 1, 2027. In this role, he will serve as Chevron's principal financial officer.

1. 01

   Chevron said on September 30, 2026 the Board of Directors elected Jeff B. Gustavson to the position of Chief Financial Officer, effective January 1, 2027. In this role, he will serve as Chevron's principal financial officer.

2. 02

   The company said Eimear P. Bonner, currently Chief Financial Officer, will become President, Oil, Products & Gas, effective January 1, 2027, and will no longer serve as Chief Financial Officer.

3. 03

   Chevron said Mark A. Nelson, currently Vice Chairman and Executive Vice President of Oil, Products & Gas, will remain Vice Chairman with responsibility for Strategy and Business Development, effective January 1, 2027, and will no longer serve as Executive Vice President, Oil, Products & Gas.

4. 04

   The company said Gustavson, age 54, joined Chevron in 1999 and currently serves as President, New Energies, a position he has held since August 2021. Effective January 1, 2027, his annual base salary is $1,000,000 and his target bonus percentage under the Chevron Incentive Plan is 110%.

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