Chevron said on July 28, 2025 its board of directors appointed John B. Hess as a member of the board, effective on the same date, and that he will also serve as a member of the Public Policy and Sustainability Committee.

1. 01

   Chevron said on July 28, 2025 its board of directors appointed John B. Hess as a member of the board, effective on the same date, and that he will also serve as a member of the Public Policy and Sustainability Committee.

2. 02

   The company said Hess, age 71, served as Chief Executive Officer of Hess Corporation from 1995 until July 18, 2025, and has served as a director of The Goldman Sachs Group, Inc. since June 2024.

3. 03

   Chevron said it will grant Hess a prorated annual restricted stock unit award with a base amount of $235,000, and that he will also receive a prorated annual cash retainer of $155,000.

4. 04

   The company said on July 14, 2025 it entered into a non-binding memorandum of understanding and a transition services agreement with HFO Holdings LLC, which is wholly owned by Hess, and that pursuant to the transition services agreement it will provide services to HFO including office space at $50,000 per month.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.