LNG

Chevron Corp., the US oil and gas major with additional successful LNG plants in Australia and in Africa and a pipeline gas supply business in the Middle East, has overhauled its corporate structure and senior executive team to strengthen portfolio operations.

Chevron, based in San Ramon in California, said that from October 2022 the company would consolidate its Upstream, Midstream and Downstream business segments under a new executive vice president for Oil, Products & Gas, who will oversee the full value chain.

As part of this change, the company is consolidating into two Upstream regions, Americas Exploration & Production and International Exploration & Production.

The company is also organizing its Strategy & Sustainability, Corporate Affairs and Business Development functions under a new executive vice president for Strategy, Policy & Development.

“The changes build on the company’s enterprise-wide transformation in 2020, which has produced improved operational and financial results,” said Chevron.

Chevron believes the new leadership structure will enable a more integrated approach to capital allocation, asset class excellence and value-chain optimization, and “facilitate more effective external engagement and business development” impacts.

Progress

“We’ve made significant progress over the last two years, and these changes position us to further enhance execution across all aspects of our business as the energy system evolves,” said Mike Wirth, Chevron’s Chairman and Chief Executive.

“It will also bring strategy, policy and business development into tighter alignment as we focus on leveraging our strengths to deliver lower carbon energy to a growing world,” stated Wirth.

The company made the following personnel appointments, effective October 1, 2022:

Mark Nelson was named executive vice president, Strategy, Policy & Development and Nigel Hearne is the new executive vice president, Oil, Products & Gas. Nelson and Hearne will report to Wirth in their new roles.

Clay Neff is the new president, International Exploration & Production; Bruce Niemeyer was named president, Americas Exploration & Production; and Balaji Krishnamurthy is taking the vice president role for Chevron Strategy & Sustainability.

LNG operations

Chevron’s major LNG activities are as the operator of three plants, Gorgon LNG and Wheatstone LNG in Western Australia and Angola LNG in southwest Africa.

Additionally, Chevron took over natural gas fields and assets offshore Israel when it acquired Noble Energy.

The company made additional personnel announcements regarding other senior executives.

Jay Johnson, executive vice president, Upstream, was named executive vice president, senior advisor, effective October 1, 2022, and will support the transition until January 31, 2023.

Johnson has more than 41 years of service to the company.

Retirees

Jay Pryor, vice president, Chevron Business Development, will retire after more than 43 years of service to the company, effective July 29, 2022.

Steve Green, president, Chevron North America Exploration & Production, will also retire after more than 24 years of service to the company and its predecessors, effective September 30, 2022.

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

Wirth stated that he especially thanked Jay Johnson, Jay Pryor and Steve Green for all they’ve done for Chevron, the industry and the company's employees over the course of their careers.

“Each of them exemplifies the finest qualities of character, integrity and excellence, and their influence will be felt for many decades still to come,” stated Wirth.