Form 8-K · Current Report · Filed 2025-01-31
Chevron Approves Executive Compensation Adjustments
On January 29, 2025, Chevron Corporation's Board of Directors reviewed and approved adjustments to the compensation of its executive officers.
- Filer
- Chevron Corporation CVX · NYSE
- Filed
- Accession
- 0000093410-25-000006
- CIK
- 0000093410
- Signal
- High impactEnergy
- Source
- Official filing on sec.gov ↗
Details
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.
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$156.32
Next session
-4.5%
Since filing
+25.9%
Latest close
$196.83
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CVX reporting the same item, with the next session's move:
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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