Value chain

Chevron simplifies the organizational structure and consolidates the value chain

Chevron is consolidating its upstream, midstream and downstream business segments as it seeks to simplify its organizational structure.

Nigel Hearne will lead the consolidated upstream, midstream and downstream segments as executive vice president of oil, products and gas.

The company is also consolidating into two upstream regions – the Americas and International, led by Bruce Niemeyer and Clay Neff respectively.

“We have made significant progress over the past two years, and these changes allow us to further improve execution in all aspects of our business as the energy system evolves,” said Chief Executive Mike Wirth.

“It will also align strategy, policy and business development more closely as we focus on leveraging our strengths to deliver low-carbon energy to a growing world.”

The changes will come into effect on October 1, 2022.

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Chevron is also organizing its strategy and sustainability, corporate affairs and business development divisions under a new executive president of strategy, policy and development, Mark Nelson.

Jay Johnson, who has been with the company for 41 years, most recently as executive vice president of Upstream, will remain until January 31, 2023 as a senior advisor to support the transition.

Jay Pryor, who has been with the company for more than 43 years, most recently as Chevron’s vice president of business development, will retire effective July 29, 2022.

Steve Green will also retire, effective September 30, 2022. He worked at Chevron for more than 24 years, most recently as president of Chevron North America E&P.

“I am confident that our new team will continue to effectively lead the company in delivering affordable, reliable and ever cleaner energy that enables human progress,” Wirth said.

“Their contributions will be essential in enabling us to advance our goals of higher yields and lower carbon emissions.”

“I want to especially thank Jay Johnson, Jay Pryor and Steve Green for all they have done for our company, our industry and our people during their careers. Each of them exemplifies the finest qualities of character, integrity and excellence, and their influence will be felt for many decades to come.

Balaji Krishnamurthy has also been appointed vice president of chevron strategy and sustainability, effective October 1, 2022.