Chevron Corporation Appoints John B. Hess to Board of Directors

On July 28, 2025, Chevron Corporation announced the appointment of John B. Hess as a member of its Board of Directors, effective immediately. Mr. Hess, aged 71, brings extensive experience from his previous roles, including serving as CEO of Hess Corporation and Chairman and CEO of Hess Midstream GP LLC. He will also join the Public Policy and Sustainability Committee of the Board. Additionally, the Board approved a prorated grant of restricted stock units and an annual cash retainer for Mr. Hess under the Chevron Non-Employee Directors’ Equity Compensation and Deferral Plan. The filing also details a memorandum of understanding and a transition services agreement between Chevron USA and HFO Holdings LLC, related to the transfer of certain assets and services following Chevron's acquisition of Hess.