News & Events

Results of Operations and Financial Condition On May 1, 2026, Chevron Corporation (the “Company”) issued a news release announcing unaudited first quarter 2026 earnings of $2.2 billion. The news release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information included herein and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the S…

Results of Operations and Financial Condition On April 9, 2026 , Chevron Corporation (“Chevron” or the “Company”) is providing guidance on certain items affecting first quarter 2026 financial results. This includes the Company's current estimates of the financial and operational impacts from the heightened commodity price volatility related to the ongoing conflict in the Middle East. Unit 1Q 2026 Outlook Timing effects 1 $ B $(2.7) - (3.7) Working capital $ B $(2.0) - (4.0) Upstream commodity…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) 2026 Executive Compensation Review and 2026 Base Salaries On January 28, 2026, the independent Directors of the Board of Directors (the “Board”) of Chevron Corporation (“Chevron”) conducted an annual review of the compensation of Chevron’s executive officers, including Michael K. Wirth, Chairman and Chief Executive Officer (“CEO”); Eimear P. Bo…

Results of Operations and Financial Condition On January 30, 2026, Chevron Corporation (the “Company”) issued a news release announcing unaudited fourth quarter 2025 earnings of $2.8 billion. The news release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information included herein and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On January 27, 2026, the board of directors (the “Board”) of Chevron Corporation (the “Corporation”) appointed Thomas W. Horton as a member of the Board, effective on January 27, 2026 (the “Effective Date”). Mr. Horton was also appointed as a member of the Audit Committee of the Board on the Effective Date. Mr. Horton, age 64, is a partner at G…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As disclosed in a Form 8-K filed on July 29, 2025 (“July 29 Form 8-K”) regarding the appointment of John B. Hess as a member of the board of directors (the “Board”) of Chevron Corporation (the “Corporation”), on July 14, 2025, in anticipation of and subject to the closing of the Corporation’s previously announced acquisition of Hess Corporation (“H…

Other Events. On December 9, 2025, Chevron U.S.A. Inc. (exclusive of its subsidiaries, “CUSA”), an indirect wholly owned subsidiary of Chevron Corporation (the “Corporation”), issued its Floating Rate Notes Due 2075 in the aggregate principal amount of $154,204,000 (the “Notes”). The Notes were issued pursuant to an Indenture, dated as of August 12, 2020 (the “Indenture”), as supplemented by the Fifth Supplemental Indenture, dated as of December 9, 2025 (the “Fifth Supplemental Indenture”), e…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On October 29, 2025, in anticipation of her expected retirement from Chevron Corporation (“Chevron”) in April 2026, Alana K. Knowles elected to resign from her position as Controller of Chevron, effective February 28, 2026. (c) On October 29, 2025, the Board of Directors of Chevron elected Amit R. Ghai to the position of Controller of Chevron,…

Regulation FD Disclosure On September 25, 2025 , Chevron Corporation (“Chevron” or “the Company”) reported current estimates of relevant factors that could impact its financial results for third quarter 2025. Estimated impacts from the Hess Corporation (“Hess”) acquisition (July 1 - September 30, 2025): In third quarter 2025, Hess-related impacts on the Company’s earnings are estimated to be a loss of $(200) to $(400) million. Excluding severance and other costs related to the transaction, He…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 28, 2025, the board of directors (the “Board”) of Chevron Corporation (the “Corporation”) appointed John B. Hess as a member of the Board, effective July 28, 2025 (the “Effective Date”). Mr. Hess will also serve as a member of the Public Policy and Sustainability Committee of the Board. Mr. Hess, age 71, served as Chief Executive Officer of…

Other Events. Between January and March 2025, Chevron Corporation (“Chevron” or the “company”) purchased 15,380,000 shares of Hess Corporation (“Hess”) common stock at prevailing market prices in open market transactions. The number of shares purchased represents approximately 4.99% of the shares of Hess common stock outstanding as of January 31, 2025, as reported by Hess in its Annual Report on Form 10-K for the year ended December 31, 2024. These purchases, which were made at prices that re…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) 2025 Executive Compensation Review and 2025 Base Salarie s On January 29, 2025, the independent Directors of the Board of Directors (the “Board”) of Chevron Corporation (“Chevron”) conducted an annual review of the compensation of Chevron’s executive officers, including Michael K. Wirth, Chairman and Chief Executive Officer (“CEO”); Eimear P. B…

Other Events. On October 22, 2023, Chevron Corporation (“ Chevron ”) entered into a definitive merger agreement with Hess Corporation (“ Hess ”), pursuant to which, subject to the terms and conditions of the merger agreement, a subsidiary of Chevron will be merged with and into Hess, with Hess continuing as the surviving corporation of such merger and as a direct, wholly-owned subsidiary of Chevron (such transaction, the “ Merger ”) . Hess Guyana Exploration Limited (“ HGEL ”), a wholly owned…

Results of Operations and Financial Condition On January 2, 2024, Chevron Corporation announced that for fourth quarter 2023, the Company will be impairing a portion of its U.S. upstream assets, primarily in California, due to continuing regulatory challenges in the state that have resulted in lower anticipated future investment levels in its business plans. The Company expects to continue operating the impacted assets for many years to come. In addition, the Company will be recognizing a los…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) 2023 Executive Compensation Review and 2023 Base Salarie s On January 25, 2023, the independent Directors of the Board of Directors (the “Board”) of Chevron Corporation (“Chevron”) conducted an annual review of the compensation of Chevron’s executive officers, including Michael K. Wirth, Chairman and Chief Executive Officer (“CEO”); Pierre R. B…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On July 23, 2023, Chevron Corporation (“Chevron”) announced that in anticipation of his expected retirement from Chevron in March 2024, Pierre R. Breber elected to resign from his position as Vice President and Chief Financial Officer of Chevron, effective February 29, 2024. (c) On July 23, 2023, the Board of Directors of Chevron appointed Eime…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On July 26, 2022, in anticipation of his expected retirement from Chevron Corporation (“Chevron”) in April 2023, David A. Inchausti elected to resign from his position as Vice President and Controller of Chevron, effective February 28, 2023. (c) On July 26, 2022, the Board of Directors of Chevron appointed Alana K. Knowles to the position of Vi…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers. (b) On May 26, 2022, Chevron Corporation (the “Company”) announced that, in connection with evolving the Company’s leadership structure, James W. Johnson’s position as Executive Vice President, Upstream will be eliminated effective October 1, 2022. In order to support a smooth transition of his responsibilities, on October 1, 2022, Mr. Johnson will…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) 2022 Executive Compensation Review and 2022 Base Salaries On January 26, 2022, the independent Directors of the Board of Directors (the “Board”) of Chevron Corporation (“Chevron”) conducted an annual review of the compensation of Chevron’s executive officers, including Michael K. Wirth, Chairman and Chief Executive Officer (“CEO”); Pierre R. Br…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On August 2, 2021, Chevron Corporation (the “Company”) filed a Form 8-K announcing that Joseph C. Geagea, formerly Executive Vice President, Technology, Projects and Services of the Company, would retire from the Company on or about March 1, 2022, and that in connection with his retirement, Mr. Geagea would transition from his then-current posi…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) Chevron Corporation (the “Company”) has announced that Joseph C. Geagea, Executive Vice President, Technology, Projects and Services of the Company, will retire from the Company on or about March 1, 2022. In connection with his retirement, Mr. Geagea will transition from his current position to Executive Vice President and Senior Advisor to the…