Form 8-K · Current report
Chevron Corporation 8-K, filed Oct 5, 2026
- Filed
- CIK
- 0000093410
- Accession no.
- 0000093410-26-000188
Summary
Chevron's board approved officer elections effective January 1, 2027: Mark A. Nelson will remain Vice Chairman with responsibility for Strategy and Business Development and no longer serve as Executive Vice President, Oil, Products & Gas; Eimear P. Bonner will become President, Oil, Products & Gas and no longer serve as Chief Financial Officer; and Jeff B. Gustavson was elected Chief Financial Officer. Gustavson will also serve as Chevron's principal financial officer.
Key points
- Jeff B. Gustavson will receive an annual base salary of $1,000,000 effective January 1, 2027, and his target bonus percentage under the Chevron Incentive Plan will be 110%.
- Gustavson joined Chevron in 1999 and has served as President, New Energies since August 2021.
- The officer changes take effect January 1, 2027.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
From the filing
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. …
An excerpt of the text as filed with the SEC, cut for length.
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