CVX: Leadership change

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On September 30, 2026, the Board of Directors (the “Board”) of Chevron Corporation (”Chevron”) approved certain officer elections. Mark A. Nelson, currently Chevron’s Vice Chairman and Executive Vice President of Oil, Products & Gas, will remain Vice Chairman with responsibility for Strategy and Business Development in addition to his corporate duties, and will no longer serve as Executive Vice President, Oil, Products & Gas, in each case, effective January 1, 2027. Further, Eimear P. Bonner, currently Chevron’s Chief Financial Officer, will become President, Oil, Products & Gas, and will no longer serve as Chief Financial Officer, in each case, effective January 1, 2027. (c) On September 30, 2026, the Board elected Jeff B. Gustavson to the position of Chief Financial Officer of Chevron, effective January 1, 2027. In this role, Mr. Gustavson will serve as Chevron’s principal financial officer. Mr. Gustavson, age 54, joined Chevron in 1999, and currently serves as President, New Energies, a position he has held since August 2021. From February 2018 to July 2021, Mr. Gustavson served as the Vice President of Chevron North America Exploration and Production Company, a division of Chevron U.S.A. Inc., an indirect, wholly owned subsidiary of Chevron, overseeing its Mid-Continent Business Unit and, prior to that, served as President of Chevron Canada Limited, an indirect, wholly owned subsidiary of Chevron, where he was responsible for upstream interests in Canada. Prior to these roles, Mr. Gustavson has held positions in finance, mergers and acquisitions, corporate strategic planning, supply and trading, investor rel