Chevron Elects New Directors, Discloses Executive Pay

Ticker: CVX · Form: 8-K · Filed: 2025-11-03T00:00:00.000Z

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

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.

From the Filing

0000093410-25-000105.txt : 20251103 0000093410-25-000105.hdr.sgml : 20251103 20251103081108 ACCESSION NUMBER: 0000093410-25-000105 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20251029 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20251103 DATE AS OF CHANGE: 20251103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHEVRON CORP CENTRAL INDEX KEY: 0000093410 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation EIN: 940890210 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00368 FILM NUMBER: 251442195 BUSINESS ADDRESS: STREET 1: 1400 SMITH STREET CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 832-854-1000 MAIL ADDRESS: STREET 1: 1400 SMITH STREET CITY: HOUSTON STATE: TX ZIP: 77002 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 8-K 1 cvx-20251029.htm 8-K cvx-20251029 0000093410 false 0000093410 2025-10-29 2025-10-29 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 29, 2025 Chevron Corporation (Exact name of registrant as specified in its charter) Delaware 001-00368 94-0890210 (State or other jurisdiction of incorporation ) (Commission File Number) (I.R.S. Employer Identification No.) 1400 Smith Street Houston, TX 77002 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: (832) 854-1000 N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common stock, par value $.75 per share CVX New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter ). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 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 Chevr

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