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

Chevron names Jeff Gustavson CFO effective January 1, 2027, replacing Eimear Bonner

Neutral Impact 4 of 5 leadership Written later

Chevron's board named Jeff B. Gustavson, currently President of New Energies, as Chief Financial Officer effective January 1, 2027. Eimear P. Bonner, the current CFO, moves to President of Oil, Products & Gas on the same date, and Mark A. Nelson steps back from his Executive Vice President role to remain Vice Chairman focused on Strategy and Business Development. The filing gives no financial results, so the change itself is the main development for shareholders to note.

Key points

  • Jeff B. Gustavson, age 54, joined Chevron in 1999 and becomes CFO effective January 1, 2027
  • Gustavson's annual base salary is $1,000,000, effective January 1, 2027, with a target bonus of 110% under the Chevron Incentive Plan
  • Eimear P. Bonner moves from Chief Financial Officer to President, Oil, Products & Gas, effective January 1, 2027
  • Mark A. Nelson remains Vice Chairman but no longer serves as Executive Vice President, Oil, Products & Gas, effective January 1, 2027

The filing

CompanyChevron (CVX)
Form8-K, current report
Filed with the SECOct 5, 2026, 9:01 AM ET
Accession number0000093410-26-000188

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 October 05, 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.