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AI brief of an SEC Form 8-K · Chevron (CVX)

Chevron approves 2026 pay: CEO Wirth's base salary rises $75,000 to $1,975,000

Neutral Impact 2 of 5 leadership Written later

Chevron's independent directors completed their annual review of executive pay on January 28, 2026, approving a $75,000 base salary increase for Chairman and CEO Michael K. Wirth and ratifying smaller raises for other named executive officers, effective March 1, 2026. The filing also covers incentive target percentages, which were left unchanged, and equity award values for 2026 grants, which shareholders may track in future proxy and SEC filings.

Key points

  • Wirth's annual base salary rises $75,000 to $1,975,000; CFO Eimear P. Bonner's rises $50,000 to $1,100,000
  • Mark A. Nelson's base salary rises $25,000 to $1,350,000; R. Hewitt Pate's rises $50,000 to $1,250,000
  • Target bonus percentages under the Chevron Incentive Plan are unchanged for 2026, including 165 percent for Wirth
  • Equity award values of $23,000,000 for Wirth, $5,094,000 for Bonner, $8,533,800 for Nelson and $7,641,000 for Pate, with a February 1, 2026 grant date

The filing

CompanyChevron (CVX)
Form8-K, current report
Filed with the SECJan 30, 2026, 4:30 PM ET
Accession number0000093410-26-000021

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.