8-KShareholder Matters

CHEVRON CORP 8-K Report, Shareholder Vote Results (May 29, 2026)

Filed May 29, 2026For Securities:CVX

Summary

Chevron Corporation (CVX) held its 2026 Annual Meeting of Stockholders on May 27, 2026, with the primary purpose of voting on director elections and various proposals. The results indicate strong support for the company's slate of directors, with all nominees being elected to one-year terms. Additionally, stockholders overwhelmingly ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026 and approved, on an advisory basis, the compensation of Chevron's named executive officers. These outcomes reflect continued confidence from the shareholder base in the company's leadership and governance practices. Conversely, several stockholder proposals presented at the meeting did not receive majority support and were therefore not approved. These included proposals on establishing an independent chair, publishing a report on indigenous peoples' rights, and commissioning a third-party report on human rights processes. The significant opposition to these proposals suggests a divergence in perspective between the proposing stockholders and the broader shareholder base regarding these specific governance and social initiatives.

Key Highlights

  • 1All nominees for the Chevron Board of Directors were elected for one-year terms with substantial "For" votes.
  • 2Stockholders overwhelmingly ratified the appointment of PricewaterhouseCoopers LLP as Chevron's independent registered public accounting firm for 2026.
  • 3The advisory vote on the compensation of named executive officers was approved with a high percentage of "For" votes.
  • 4A stockholder proposal to establish an independent chair at the company was not approved, with a significant majority voting against it.
  • 5Two separate stockholder proposals concerning reports on indigenous peoples' rights and human rights processes also failed to gain majority approval.
  • 6The election of directors and the ratification of the auditor saw very high percentages of 'For' votes, indicating strong shareholder confidence in core governance areas.

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