<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
• Navin Mahajan to retire after nearly 30 ...

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• Navin Mahajan to retire after nearly 30 years with the company
<br xmlns="http://www.w3.org/1999/xhtml"></br>• Uriel &#34;Ose" Oseguera named Treasurer of Chevron

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Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CVX">CVX</a>) today announced the election of Uriel &#34;Ose&#34; Oseguera as Treasurer, effective November 1, 2026. Oseguera succeeds Navin Mahajan, who will retire from Chevron after nearly 30 years of service.

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As Treasurer, Oseguera will lead Chevron&#39;s treasury organization, including capital markets, corporate finance, insurance, credit and risk management activities. He will report to Chevron Chief Financial Officer Eimear Bonner. Oseguera currently serves as Vice President, Upstream Business Performance &amp; Finance.

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"Ose brings an exceptional combination of treasury expertise, global business leadership, and deep company knowledge to the Treasurer role,&#34; said Bonner. "His experience across corporate finance, capital markets, and international business leadership provides a distinctive perspective on risk management, financial discipline, and value creation. Coupled with strong relationships across the enterprise and sound judgment, Ose is exceptionally well positioned to advance Chevron&#39;s strong financial position and long-term value."

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Oseguera joined Chevron in 1990. Over the course of his career, he has held leadership positions in finance, treasury and planning across Venezuela, Thailand, Indonesia, Australia, and the United States. Prior to his current role, he served as General Manager of Chevron&#39;s Financial Shared Services organization. Oseguera earned a bachelor&#39;s degree in business administration from California Polytechnic State University, San Luis Obispo, and an MBA from Saint Mary&#39;s College of California.

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Mahajan has served as Chevron&#39;s Treasurer since 2019. During his career, he held leadership roles across treasury, finance, compliance, and business organizations globally.

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&#34;Throughout his nearly 30 years with Chevron, Navin has been a trusted leader whose expertise, integrity, and commitment have strengthened our company and Finance organization,&#34; Bonner said. &#34;You could always count on Navin when the challenges were most complex and the stakes were highest. His rare combination of innovation, discipline, and thoughtful decision-making enabled him to navigate complexity, inspire teams and deliver lasting impact.&#34;

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<b xmlns="http://www.w3.org/1999/xhtml">About Chevron</b>

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Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of operations, and grow new energies businesses. More information about Chevron is available at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.chevron.com&amp;esheet=54587383&amp;newsitemid=20260811010338&amp;lan=en-US&amp;anchor=www.chevron.com&amp;index=1&amp;md5=3e853cf6feb23f4f56be5c1f99252eb2" shape="rect">www.chevron.com</a>.

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<b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">NOTICE</i></b>

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<i xmlns="http://www.w3.org/1999/xhtml">As used in this news release, the term "Chevron" and such terms as "the company," "the corporation," "our," "we," "us" and "its" may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs. Please visit Chevron’s website and Investor Relations page at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.chevron.com&amp;esheet=54587383&amp;newsitemid=20260811010338&amp;lan=en-US&amp;anchor=www.chevron.com&amp;index=2&amp;md5=83b1d42c7bd7d5f10f7b4d353c98ade2" shape="rect">www.chevron.com</a> and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.chevron.com%2F&amp;esheet=54587383&amp;newsitemid=20260811010338&amp;lan=en-US&amp;anchor=www.chevron.com%2F&amp;index=3&amp;md5=33b5fcbb114b8320a09ddfb9f96a52eb" shape="rect">www.chevron.com/</a> investors, LinkedIn: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fchevron&amp;esheet=54587383&amp;newsitemid=20260811010338&amp;lan=en-US&amp;anchor=www.linkedin.com%2Fcompany%2Fchevron&amp;index=4&amp;md5=36516f265d55680055cf8c7fea564596" shape="rect">www.linkedin.com/company/chevron</a>, X: @Chevron, Facebook: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2F&amp;esheet=54587383&amp;newsitemid=20260811010338&amp;lan=en-US&amp;anchor=www.facebook.com%2F&amp;index=5&amp;md5=9f3033e6606b8f99958494ab01dd3c01" shape="rect">www.facebook.com/</a> chevron, and Instagram: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.instagram.com%2Fchevron&amp;esheet=54587383&amp;newsitemid=20260811010338&amp;lan=en-US&amp;anchor=www.instagram.com%2Fchevron&amp;index=6&amp;md5=fc6882aab050c9a8a52bacf8d5de5939" shape="rect">www.instagram.com/chevron</a>, where Chevron often discloses important information about the company, its business, and its results of operations.</i>

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<i xmlns="http://www.w3.org/1999/xhtml">CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This news release contains forward-looking statements relating to Chevron’s operations, assets, and strategy that are based on management’s current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as "anticipates," "expects," "intends," "plans," "targets," "advances," "commits," "drives," "aims," "forecasts," "projects," "believes," "approaches," "seeks," "schedules," "estimates," "positions," "pursues," "progress," "design," "enable," "may," "can," "could," "should," "will," "budgets," "outlook," "trends," "guidance," "focus," "on track," "trajectory," "goals," "objectives," "strategies," "opportunities," "poised," "potential," "ambitions," "future," "aspires" and similar expressions, and variations or negatives of these words, are intended to identify such forward-looking statements, but not all forward-looking statements include such words. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates, including Venezuela; general domestic and international economic, market and political conditions, including the conflict between Russia and Ukraine, the ongoing conflict in the Middle East and the global response to these hostilities; changing refining, marketing and chemicals margins; the amount and timing of settlements on the company’s commodity derivative contracts; the company’s ability to realize anticipated cost savings and efficiencies associated with enterprise structural cost reduction initiatives; actions of competitors or regulators; timing of exploration expenses; changes in projected future cash flows; timing of crude oil liftings; uncertainties about the estimated quantities of crude oil, natural gas liquids and natural gas reserves; the competitiveness of alternate-energy sources or product substitutes; pace and scale of the development of large carbon capture and storage and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures related to greenhouse gas emissions and climate change; the potential liability resulting from pending or future litigation; the company’s ability to achieve the anticipated benefits from the acquisition of Hess Corporation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; higher inflation and related impacts; material reductions in corporate liquidity and access to debt markets; changes to the company’s capital allocation strategies; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading "Risk Factors" on pages 21 through 27 of the company’s 2025 Annual Report on Form 10-K, and as updated in the future. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260811010338r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260811010338/en/" rel="nofollow">https://www.businesswire.com/news/home/20260811010338/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Kelly Russell
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:kellyrussell@chevron.com" shape="rect">kellyrussell@chevron.com</a>

</p>

Chevron Announces Leadership Changes

Chevron Names Oseguera Treasurer, Navin Mahajan to Retire after 30 Years

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot; class=&quot;bwalignc&quot;&gt;
• Navin Mahajan to retire after nearly 30 ...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Chevron appointed Uriel &#039;Ose&#039; Oseguera as Treasurer, effective November 1, 2026, as Navin Mahajan retires after nearly three decades. Oseguera, now VP of Upstream Performance &amp; Finance, will oversee capital markets, corporate finance, insurance and risk management, guiding Chevron’s capital-allocation framework with an emphasis on disciplined management and long-term value.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Navin Mahajan to retire after nearly 30 years at Chevron.</li><li>Uriel &#039;Ose&#039; Oseguera named Treasurer, effective November 1, 2026.</li><li>Oseguera currently VP Upstream Performance &amp; Finance and will lead treasury.</li><li>Bonner: Ose brings risk management, financial discipline and value creation.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Chevron Corporation (CVX)</strong>: Names Oseguera as Treasurer; leadership transition could affect treasury strategy and capital allocation.</li><li><strong>Hess Corporation (HES)</strong>: Mentioned as a potential acquisition; implications for CVX’s balance sheet and post-merger integration.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The news centers on internal leadership succession within Chevron&#039;s finance function, signaling governance continuity rather than a strategic shift; likely a mild longer-term effect on capital allocation discipline rather than immediate operational changes.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Oseguera&#039;s appointment could influence CVX&#039;s treasury strategy and debt-management decisions.</li><li>Transition date Nov 1, 2026 creates modest near-term event risk.</li><li>No earnings or guidance changes tied to this leadership move.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Oseguera to become Treasurer effective November 1, 2026.</li><li>Navin Mahajan retires after nearly 30 years with Chevron.</li><li>Oseguera currently serves as Vice President, Upstream Performance &amp; Finance.</li><li>Oseguera joined Chevron in 1990; Mahajan Treasurer since 2019.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral near-term; expect limited CVX price movement with longer-term stability in capital allocation.</p>
  </section>
</section>


<article>
  <section aria-label="Key facts">
    <ul>
      <li><strong>Navin Mahajan</strong> to retire after nearly <strong>30 years</strong> with the company</li>
      <li><strong>Uriel "Ose" Oseguera</strong> named Treasurer of Chevron</li>
    </ul>
  </section>

  <p><strong>Chevron Corporation</strong> (NYSE: <strong>CVX</strong>) today announced the election of Uriel "Ose" Oseguera as <strong>Treasurer</strong>, effective <strong>November 1, 2026</strong>. Oseguera succeeds Navin Mahajan, who will retire from Chevron after nearly 30 years of service.</p>

  <section aria-label="Role and responsibilities">
    <h2>Role and responsibilities of the new Treasurer</h2>
    <p>As <em>Treasurer</em>, Oseguera will lead Chevron's <em>treasury organization</em>, including <em>capital markets</em>, <em>corporate finance</em>, <em>insurance</em>, <em>credit</em> and <em>risk management</em> activities. He will report to Chevron Chief Financial Officer Eimear Bonner. Oseguera currently serves as Vice President, Upstream Business Performance &amp; Finance.</p>
  </section>

  <section aria-label="Executive commentary">
    <h2>Executive commentary on the leadership transition</h2>
    <p>"Ose brings an exceptional combination of treasury expertise, global business leadership, and deep company knowledge to the Treasurer role," said Bonner. "His experience across corporate finance, capital markets, and international business leadership provides a distinctive perspective on risk management, financial discipline, and value creation. Coupled with strong relationships across the enterprise and sound judgment, Ose is exceptionally well positioned to advance Chevron's strong financial position and long-term value."</p>
  </section>

  <section aria-label="Background and qualifications">
    <h2>Background and qualifications of Uriel Oseguera</h2>
    <p>Oseguera joined Chevron in 1990. Over the course of his career, he has held leadership positions in finance, treasury and planning across Venezuela, Thailand, Indonesia, Australia, and the United States. Prior to his current role, he served as General Manager of Chevron's Financial Shared Services organization. Oseguera earned a bachelor's degree in business administration from California Polytechnic State University, San Luis Obispo, and an MBA from Saint Mary's College of California.</p>
  </section>

  <section aria-label="Current Treasurer">
    <p>Mahajan has served as Chevron's Treasurer since 2019. During his career, he held leadership roles across treasury, finance, compliance, and business organizations globally.</p>
  </section>

  <section aria-label="Comment on Navin Mahajan">
    <p>"Throughout his nearly 30 years with Chevron, Navin has been a trusted leader whose expertise, integrity, and commitment have strengthened our company and Finance organization," Bonner said. "You could always count on Navin when the challenges were most complex and the stakes were highest. His rare combination of innovation, discipline, and thoughtful decision-making enabled him to navigate complexity, inspire teams and deliver lasting impact."</p>
  </section>

  <section aria-label="About Chevron">
    <h2>About Chevron</h2>
    <p>Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of operations, and grow new energies businesses. More information about Chevron is available at <a href="https://www.chevron.com" rel="nofollow">www.chevron.com</a>.</p>
  </section>
</article>

Chevron appointed Uriel 'Ose' Oseguera as Treasurer, effective November 1, 2026, as Navin Mahajan retires after nearly three decades. Oseguera, now VP of Upstream Performance & Finance, will oversee capital markets, corporate finance, insurance and risk management, guiding Chevron’s capital-allocation framework with an emphasis on disciplined management and long-term value.

News insight

Chevron Announces Leadership Changes

AI summary

Sentiment rationale

Key facts

Corporate Developments