$CVX · Chevron Corporation

Chevron Corporation filed a Form 8-K reporting leadership changes approved by its Board of Directors on September 30, 2026, effective January 1, 2027. 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 and will step down from his Oil, Products & Gas role. Eimear P. Bonner, currently Chief Financial Officer, will become President, Oil, Products & Gas and will no longer serve as Chief Financial Officer.

The Board also elected Jeff B. Gustavson as Chief Financial Officer, effective January 1, 2027, with responsibility as Chevron’s principal financial officer. Mr. Gustavson, age 54, joined Chevron in 1999 and has served as President, New Energies since August 2021. His prior positions include Vice President of Chevron North America Exploration and Production Company and President of Chevron Canada Limited, along with roles in finance, mergers and acquisitions, strategic planning, supply and trading, investor relations, and upstream operations. In connection with his election, the non-employee directors ratified an annual base salary of $1,000,000 and a target bonus percentage of 110% under the Chevron Incentive Plan, both effective January 1, 2027.