Chevron DEFA14A: Executive Compensation Details

Ticker: CVX · Form: DEFA14A · Filed: 2024-04-23T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, governance

Related Tickers: CVX

TL;DR

CVX proxy statement out, detailing exec pay & equity awards for 2023. Expect details on pension values and stock grants.

AI Summary

Chevron Corporation (CVX) filed a DEFA14A, detailing executive compensation and related matters for the fiscal year ending December 31, 2023. The filing includes information on pension benefits, equity awards granted, and their fair values at various stages, such as year-end, vesting, and year-over-year changes. Specific financial figures for these compensation components are presented within the document.

Why It Matters

This filing provides transparency into how Chevron compensates its top executives, which can influence investor perceptions of corporate governance and financial health.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of executive compensation and does not present immediate financial risks.

Key Numbers

2023-12-31 — Fiscal Year End (The period covered by the compensation details in the filing.)
2021-01-01 — Start Date for Historical Data (Indicates the beginning of a period for which financial data is presented.)
2020-01-01 — Start Date for Historical Data (Indicates the beginning of a period for which financial data is presented.)
2022-01-01 — Start Date for Historical Data (Indicates the beginning of a period for which financial data is presented.)

Key Players & Entities

CHEVRON CORP (company) — Filer of the DEFA14A
CVX (company) — Ticker symbol for Chevron Corp
2023-12-31 (date) — Fiscal year end
6001 BOLLINGER CANYON ROAD (address) — Chevron's business and mailing address
SAN RAMON (city) — City of Chevron's headquarters
DE (state) — State of incorporation for Chevron Corp

FAQ

What is the primary purpose of this DEFA14A filing by Chevron Corp?

The primary purpose is to provide detailed information regarding the solicitation of proxies for the company's annual meeting of stockholders, focusing on executive compensation, director nominations, and other corporate governance matters.

What specific financial data related to executive compensation is highlighted in the filing?

The filing highlights data related to the actuarial present value of pension benefits, year-end fair value of equity awards granted and unvested, year-over-year changes in fair value of equity awards, and fair value at vesting date for equity awards granted in the year.

What is Chevron's fiscal year end date as stated in the filing?

Chevron's fiscal year end date is December 31st, as indicated by the 'FISCAL YEAR END: 1231' entry.

What is the business address of Chevron Corporation?

Chevron Corporation's business address is 6001 Bollinger Canyon Road, San Ramon, CA 94583.

Does the filing mention any former company names for Chevron Corp?

Yes, the filing mentions former company names including CHEVRONTEXACO CORP (name change date 20011009) and STANDARD OIL CO OF CALIFORNIA (name change date 19840705).

From the Filing

0001193125-24-107054.txt : 20240423 0001193125-24-107054.hdr.sgml : 20240423 20240423161843 ACCESSION NUMBER: 0001193125-24-107054 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 19 FILED AS OF DATE: 20240423 DATE AS OF CHANGE: 20240423 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: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-00368 FILM NUMBER: 24865068 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 DEFA14A 1 d826463ddefa14a.htm DEFA14A DEFA14A DEFA14A true 0000093410 0000093410 2023-01-01 2023-12-31 0000093410 2021-01-01 2021-12-31 0000093410 2020-01-01 2020-12-31 0000093410 2022-01-01 2022-12-31 0000093410 cvx:ReportedChangeInTheActuarialPresentValueOfPensionBenefitsMember ecd:PeoMember 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:PensionBenefitAdjustmentsMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:ReportedValueOfEquityAwardsMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:EquityAwardAdjustmentsMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:YearOverYearChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInTheYearMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:FairValueAtTheEndOfThePriorYearOfEquityAwardsThatFailedToMeetVestingConditionsInTheYearMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:ValueOfDividendsOrOtherEarningsPaidOnStockOrOptionAwardsNotOtherwiseReflectedInFairValueOrTotalCompensationMember ecd:PeoMember 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:EquityAwardAdjustmentsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:ReportedChangeInTheActuarialPresentValueOfPensionBenefitsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:PensionBenefitAdjustmentsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:YearEndFairValueOfEquityAwardsGrantedInTheYearAndUnvestedAtYearEndMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:YearOverYearChangeInFairValueOfOutstandingAndUnvestedEquityAwardsMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheYearMember ecd:PeoMember 2023-01-01 2023-12-31 0000093410 cvx:ValueOfDividendsOrOtherEarningsPaidOnStockOrOptionAwardsNotOtherwiseReflectedInFairValueOrTotalCompensationMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:ServiceCostMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:PriorServiceCostMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000093410 cvx:ReportedValueOfEquityAwardsMember ecd:NonPeoNeoMember 2023-01-0