Chevron Corporation
Chevron Approves Executive Compensation Adjustments
Summary
On January 29, 2025, Chevron Corporation's Board of Directors reviewed and approved adjustments to the compensation of its executive officers. The CEO's base salary remained unchanged, while other executives received salary increases ranging from $50,000 to $125,000. Additionally, equity grants were approved for the executive officers, with vesting and payout contingent upon Chevron's financial performance over a three-year period.
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About Chevron Corporation
Chevron Corporation is an integrated energy company operating globally in the exploration, production, and transportation of crude oil and natural gas. Its primary function is to harness energy resources, converting them into products essential for modern life. Chevron covers upstream operations such as oil exploration and drilling, and downstream processes including refining, distribution, and marketing of refined petroleum products. Additionally, Chevron invests in renewable energy projects, aiming to create a balanced energy portfolio. As one of the major players in the oil and gas industry, Chevron significantly impacts sectors including manufacturing, transportation, and energy production. Headquartered in San Ramon, California, this multinational corporation plays a pivotal role in meeting global energy demands and contributes to shaping future energy policies.
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