Chevron Corporation (NYSE: CVX) today announced the following senior leadership changes, effective January 1, 2027:

• Mark Nelson, currently 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, Nelson will be responsible for identifying and advancing opportunities that strengthen the company’s portfolio, enhance competitiveness, and support long-term growth.
• Eimear Bonner, currently Chief Financial Officer, will become president, Oil, Products & Gas. In this role, Bonner will be responsible for safe, reliable operations across the entire value chain, disciplined capital allocation, asset class excellence and value chain optimization to drive stronger performance.
• Jeff Gustavson, currently president, New Energies, will become Chief Financial Officer. In this role, Gustavson will be responsible for audit, controller, investor relations, tax, treasury and business planning activities worldwide.
• Brent Gros, currently president of Offshore, will become president of New Energies, leading Chevron’s lower carbon businesses, including hydrogen, power, carbon capture, offsets, and biofuels. He will also oversee the company’s AI strategy, focused on value creation, operational excellence, cost efficiency, and innovation.

“Mark, Eimear, Jeff and Brent bring a combination of operational expertise, strategic perspective and a proven ability to deliver results across our business,” said Mike Wirth, Chairman and Chief Executive Officer. “Their experience, judgment and commitment to excellence will help position Chevron for continued success in an evolving energy landscape.”