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CHEVRON CORP 8-K Report, Executive Changes (Oct 5, 2026)

Reports
Leadership Changes
Filing Date
Filed October 5, 2026
Period End
September 30, 2026
Security
CVX
In the record · 2016–202610-K1110-Q338-K142

CVX filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 142 current reports (8-K) between 2016 and 2026.

  1. Impairment8-K · Dec ’19Dec ’19
  2. Leadership change8-K · Jan ’22Jan ’22
  3. Leadership change8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 8-K filed October 5, 2026. Cited figures are marked; the original filing is the authoritative source.

Chevron Corporation (CVX) announced significant changes to its executive leadership team, effective January 1, 2027.

These changes reflect a strategic realignment of responsibilities within the company's senior management. Mark A. Nelson will transition from his role as Executive Vice President, Oil, Products & Gas, to focus on Strategy and Business Development as Vice Chairman, while Eimear P.

Bonner will move from Chief Financial Officer to President of Oil, Products & Gas. This reshuffling positions key leaders to drive future growth and strategic initiatives. The most impactful change for investors is the appointment of Jeff B.

Gustavson as the new Chief Financial Officer (CFO). Mr. Gustavson brings extensive experience within Chevron, having held various senior roles including President of New Energies.

His appointment as CFO is effective January 1, 2027, and he will be responsible for the company's principal financial operations. His compensation package includes an annual base salary of $1,000,000a and a target bonus percentage of 110% under the Chevron Incentive Plan, indicating the company's confidence in his leadership.

02—Key points

Key Highlights

  1. Effective January 1, 2027, Mark A. Nelson will transition from Executive Vice President, Oil, Products & Gas, to focus on Strategy and Business Development as Vice Chairman.
  2. Eimear P. Bonner will move from Chief Financial Officer to President, Oil, Products & Gas, effective January 1, 2027.
  3. Jeff B. Gustavson has been elected Chief Financial Officer (CFO), effective January 1, 2027.
  4. Mr. Gustavson's prior roles include President of New Energies and leadership positions in North America Exploration and Production.
  5. Mr. Gustavson's compensation as CFO includes an annual base salary of $1,000,000.
  6. Mr. Gustavson's target bonus percentage under the Chevron Incentive Plan will be 110%.

03—Questions

Frequently Asked Questions

  1. What are the key leadership changes at Chevron?

    Effective January 1, 2027, Mark A. Nelson will focus on Strategy and Business Development as Vice Chairman, Eimear P. Bonner will become President of Oil, Products & Gas, and Jeff B. Gustavson will assume the role of Chief Financial Officer.

  2. Who is the new Chief Financial Officer (CFO)?

    Jeff B. Gustavson has been elected as the new CFO, effective January 1, 2027. He brings extensive experience from his previous roles at Chevron, including President of New Energies.

  3. What is the compensation package for the new CFO?

    Effective January 1, 2027, Jeff B. Gustavson will receive an annual base salary of $1,000,000 and has a target bonus percentage of 110% under the Chevron Incentive Plan.

  4. When do these leadership changes take effect?

    All announced executive leadership changes are effective January 1, 2027.

04—Continue

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