Business Context and Reporting Period
Chevron Corporation filed this Form 8-K on October 5, 2026, reporting Board-approved executive changes dated September 30, 2026. The changes take effect January 1, 2027.
Financial and Operating Metrics
This filing does not report revenue, earnings, cash flow, margins, debt, liquidity, or other operating results.
Material Changes
- Mark A. Nelson will remain Vice Chairman and take on responsibility for Strategy and Business Development, while leaving his Executive Vice President, Oil, Products & Gas role.
- Current CFO Eimear P. Bonner will become President, Oil, Products & Gas, and will leave the CFO role.
- Jeff B. Gustavson, currently President, New Energies, was elected CFO and will serve as principal financial officer.
Compensation, Outlook, and Other Items
Effective January 1, 2027, Gustavson’s annual base salary will be $1,000,000 and his target bonus under the Chevron Incentive Plan will be 110%. The filing provides no financial guidance or outlook, and reports no contingencies or unusual operating items.
Key Facts for Investors to Verify
- Confirm the executive transitions take effect as scheduled on January 1, 2027.
- Monitor any subsequent disclosures on CFO responsibilities, compensation, or changes to the leadership plan.
- Consult Chevron’s periodic financial filings for operating results and financial metrics not included in this 8-K.