Chevron Elects New Directors, Discloses Executive Pay
Ticker: CVX · Form: 8-K · Filed: Nov 3, 2025 · CIK: 93410
| Field | Detail |
|---|---|
| Company | Chevron CORP (CVX) |
| Form Type | 8-K |
| Filed Date | Nov 3, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, executive-compensation, governance
Related Tickers: CVX
TL;DR
CVX adds two directors, details exec pay.
AI Summary
On October 29, 2025, Chevron Corporation (CVX) announced changes to its Board of Directors, including the election of two new independent directors, Ms. Karen L. Daniels and Mr. R. David Y. Chang, effective November 1, 2025. The company also disclosed compensatory arrangements for its named executive officers, though specific dollar amounts were not detailed in this filing.
Why It Matters
Changes in board composition can signal shifts in strategic focus or governance, while executive compensation details are closely watched by investors for alignment with company performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board and executive compensation updates, which typically carry low inherent risk.
Key Players & Entities
- Chevron Corporation (company) — Registrant
- Karen L. Daniels (person) — Newly Elected Independent Director
- R. David Y. Chang (person) — Newly Elected Independent Director
- November 1, 2025 (date) — Effective date of director appointments
- October 29, 2025 (date) — Date of earliest event reported
FAQ
Who are the newly elected independent directors to Chevron's Board?
Ms. Karen L. Daniels and Mr. R. David Y. Chang were elected as new independent directors.
When do the appointments of the new directors become effective?
The appointments of Ms. Karen L. Daniels and Mr. R. David Y. Chang are effective November 1, 2025.
What is the primary purpose of this Form 8-K filing for Chevron?
The filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is Chevron Corporation's state of incorporation and IRS Employer Identification Number?
Chevron Corporation is incorporated in Delaware and has an IRS Employer Identification No. of 94-0890210.
What specific details are provided regarding the compensatory arrangements for named executive officers?
While the filing states that compensatory arrangements are disclosed, specific dollar amounts or details of these arrangements for named executive officers are not provided within the text of this 8-K.
Filing Stats: 515 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2025-11-03 08:11:08
Filing Documents
- cvx-20251029.htm (8-K) — 26KB
- 0000093410-25-000105.txt ( ) — 138KB
- cvx-20251029.xsd (EX-101.SCH) — 2KB
- cvx-20251029_lab.xml (EX-101.LAB) — 21KB
- cvx-20251029_pre.xml (EX-101.PRE) — 12KB
- cvx-20251029_htm.xml (XML) — 3KB
02
Item 5.02 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, effective March 1, 2026. In this role, Mr. Ghai will serve as Chevron's principal accounting officer. Mr. Ghai, age 53, has held positions with Chevron and its subsidiaries since 2004, and currently serves as Assistant Controller, a position he has held since October 2020. Prior to that, he served as Controller, Downstream & Chemicals, from July 2019 through October 2020, and as General Manager, Finance, Supply and Trading, from June 2016 through July 2019. Prior to these roles, Mr. Ghai held numerous positions of increasing responsibility in the areas of finance, accounting, and treasury.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: November 3, 2025 CHEVRON CORPORATION By: /s/ Christine L. Cavallo Christine L. Cavallo Assistant Secretary