Chevron's 2023 Executive Compensation & Governance Details

Ticker: CVX · Form: DEF 14A · Filed: 2024-04-10T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, governance

Related Tickers: CVX

TL;DR

Chevron's proxy statement is out, detailing exec pay for 2023. Shareholders, take note!

AI Summary

Chevron Corp. filed its DEF 14A on April 10, 2024, detailing executive compensation and corporate governance matters for the fiscal year ending December 31, 2023. The filing includes information on equity awards, dividends, and changes in the fair value of awards for its PEO (Principal Executive Officer) and Non-PEO members. Specific details on compensation components and adjustments are provided.

Why It Matters

This filing provides shareholders with crucial information regarding how executive compensation is structured and awarded, impacting company performance and shareholder value.

Risk Assessment

Risk Level: medium — DEF 14A filings often contain information related to executive compensation, shareholder proposals, and board composition, which can influence investor sentiment and stock performance.

Key Players & Entities

CHEVRON CORP (company) — Filer
20240410 (date) — Filing Date
20240529 (date) — Period of Report
2023-12-31 (date) — Fiscal Year End

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important corporate matters, including the election of directors, executive compensation, and other proposals.

When was this DEF 14A filing submitted by Chevron Corp?

This DEF 14A filing was submitted by Chevron Corp on April 10, 2024.

What fiscal year does this filing primarily cover?

This filing primarily covers the fiscal year ending December 31, 2023.

What specific types of compensation-related information are detailed in the filing?

The filing details information on equity awards, dividends or other earnings paid on stock or option awards, and the fair value of equity awards at the end of the prior year and year-over-year changes.

Who are the key individuals or groups whose compensation is detailed?

The filing details compensation for PEO (Principal Executive Officer) and Non-PEO members, as well as adjustments related to pension benefits.

From the Filing

0001193125-24-091327.txt : 20240410 0001193125-24-091327.hdr.sgml : 20240410 20240410060530 ACCESSION NUMBER: 0001193125-24-091327 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 81 CONFORMED PERIOD OF REPORT: 20240529 FILED AS OF DATE: 20240410 DATE AS OF CHANGE: 20240410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHEVRON CORP CENTRAL INDEX KEY: 0000093410 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 940890210 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-00368 FILM NUMBER: 24834131 BUSINESS ADDRESS: STREET 1: 6001 BOLLINGER CANYON ROAD CITY: SAN RAMON STATE: CA ZIP: 94583 BUSINESS PHONE: 925-842-1000 MAIL ADDRESS: STREET 1: 6001 BOLLINGER CANYON ROAD CITY: SAN RAMON STATE: CA ZIP: 94583 FORMER COMPANY: FORMER CONFORMED NAME: CHEVRONTEXACO CORP DATE OF NAME CHANGE: 20011009 FORMER COMPANY: FORMER CONFORMED NAME: CHEVRON CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: STANDARD OIL CO OF CALIFORNIA DATE OF NAME CHANGE: 19840705 DEF 14A 1 d557504ddef14a.htm DEF 14A DEF 14A Table of Contents DEF 14A false 0000093410 0000093410 2023-01-01 2023-12-31 0000093410 2020-01-01 2020-12-31 0000093410 2021-01-01 2021-12-31 0000093410 2022-01-01 2022-12-31 0000093410 cvx:PensionBenefitAdjustmentsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:EquityAwardAdjustmentsMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:ValueOfDividendsOrOtherEarningsPaidOnStockOrOptionAwardsNotOtherwiseReflectedInFairValueOrTotalCompensationMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:FairValueAtTheEndOfThePriorYearOfEquityAwardsThatFailedToMeetVestingConditionsInTheYearMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:YearOverYearChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInTheYearMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheYearMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:PriorServiceCostMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:ServiceCostMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:ValueOfDividendsOrOtherEarningsPaidOnStockOrOptionAwardsNotOtherwiseReflectedInFairValueOrTotalCompensationMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:EquityAwardAdjustmentsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:YearEndFairValueOfEquityAwardsGrantedInTheYearAndUnvestedAtYearEndMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:YearOverYearChangeInFairValueOfOutstandingAndUnvestedEquityAwardsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:YearOverYearChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInTheYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:FairValueAtTheEndOfThePriorYearOfEquityAwardsThatFailedToMeetVestingConditionsInTheYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:ServiceCostMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:PriorServiceCostMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:PensionBenefitAdjustmentsMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:ReportedValueOfEquityAwardsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:ReportedChangeInTheActuarialPresentValueOfPensionBenefitsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:YearOverYearChangeInFairValueOfOutstandingAndUnvestedEquityAwardsMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:YearEndFairValueOfEquityAwardsGrantedInTheYearAndUnvestedAtYearEndMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:ReportedValueOfEquityAwardsMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:ReportedChangeInTheActuarialPres