Chevron announces senior leadership changes to boost efficiency

Chevron Corporation (NYSE: CVX) has announced key senior leadership changes as part of its strategy to streamline its organisational structure, enhance execution speed, and strengthen long-term competitiveness.

“These changes will help enable us to drive innovation and execution and deliver value for our shareholders,” stated Mike Wirth, Chevron’s chairman and chief executive officer.

The company’s Oil, Products & Gas division will be consolidated into two main segments: Upstream and Downstream, Midstream & Chemicals. Mark Nelson will continue leading this division as vice chairman and executive vice president, Oil, Products & Gas.

The Upstream division will focus on increasing value through greater standardisation across its Shale & Tight, Base Assets & Emerging Countries, Offshore, Eurasia, and Australia operations. Effective 1 July 2025, Clay Neff, currently president of International Exploration and Production, will assume the role of president, Upstream. Additionally, Bruce Niemeyer, presently president of Americas Exploration and Production, will become president, Shale & Tight.

The Downstream, Midstream & Chemicals segment will centre around key work processes, including Operations, Commercial, Customer, and Enterprise Value Chain Optimisation. Andy Walz will continue as president of this segment.

Chevron’s technical centre will be restructured to enhance Technology, Projects & Execution. Ryder Booth, currently vice president of the Mid-Continent Business Unit, will step into the role of vice president, Technology, Projects & Execution, effective 1 July 2025. Booth will replace Balaji Krishnamurthy, who has been appointed president, Australia, effective 1 April 2025.

“Our new organisational structure and leadership appointments are designed to improve our operational efficiency and position Chevron for sustained growth,” added Wirth.

Headquartered in Houston, Texas, U.S.A., Chevron is one of the world’s leading integrated energy companies, producing crude oil and natural gas, manufacturing transportation fuels, lubricants, petrochemicals, and additives, and developing advanced technologies. The company aims to lower the carbon intensity of its operations and expand into renewable fuels, carbon capture, hydrogen, and emerging technologies.