Frank Mount, President of Corporate Business Development, will retire from Chevron in November 2026 after 33 years of service. Mr. Mount has been leading the company’s global business development efforts since 2023.
“Throughout his career, Frank has made significant contributions to Chevron’s success,” said Chevron Chairman and CEO Mike Wirth. “We are grateful for his years of service and dedication.”
Jake Spearing, currently Director of Investor Relations, will become President of Corporate Business Development on August 1, 2026. Spearing, 43, joined Chevron in 2008 and has held financial leadership roles across a broad portfolio of global assets. Prior to joining Chevron, he worked in consulting at EY.
Janine Wai will become Director of Investor Relations effective April 1, 2026. Mr. Wai, 46, previously held engineering and finance positions at Chevron and rejoined the company in January 2026. She brings senior operations, capital markets and investor relations experience from Total Energies, Barclays, JPMorgan, Citi and Bechtel.
Patricia Lee, President of Supply and Trading, will retire from Chevron in July 2026 after 35 years of service. In 2024, Lee assumed his current role leading Chevron’s supply, logistics and trade strategy.
“Patty’s deep expertise in many aspects of our business has enabled her to shape our supply and transactions with strategic and commercial acumen,” said Wirth. “She has had a tremendous positive impact on the organization and its people.”
Molly Regeler, currently Chief Strategy Officer, will succeed Lee on March 1, 2026. Mr. Regeler, 48, joined Chevron in 2005. Prior to his current role, he oversaw the operations of several properties including the Permian Basin. In his new role, Mr. Regeler will lead Chevron’s Supply & Trading organization, driving profitability and enterprise value delivery.
Kevin Ryan, currently Hess’ integration leader, will succeed Mr. Regeler as chief strategy officer on March 1, 2026. Mr. Ryan, 60, joined Chevron in 1988 and has led complex upstream operations and large-scale projects across the United States, Europe, Africa, Southeast Asia and Central Asia. In his new role, he will lead the company’s key strategies, corporate portfolio optimization and sustainability development.
Bruce Niemeyer, president of Shale & Tite, will retire from Chevron in October 2026 after 26 years of service. Since joining the company in 2000, he has led upstream operations across North America, the global strategy and sustainability organization, and exploration and production in the Americas. In his current role, Mr. Niemeyer has provided strategic leadership for the company’s global shale and tight portfolio. Mr. Niemeyer will remain a senior advisor until October.
“Bruce has led with vision, character and a deep appreciation for the people at the heart of our work,” Wirth said. “He brings strong leadership and a proven track record.”
Gerbert Schoonman, currently Hess’ senior executive advisor for integration, will succeed Niemeyer on April 1, 2026. Schoonman, 60, joined Chevron in July 2025 following the Chevron-Hess merger. He brings more than 35 years of international oil and gas industry experience to Hess & Shell, with extensive expertise in asset management, production operations, and the deployment of innovation and efficiency improvements across Asia, Europe, and the United States.
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe that affordable, reliable and cleaner energy is essential to enable human progress. Chevron produces crude oil and natural gas. It produces transportation fuels, lubricants, petrochemicals, and additives. We develop technology that strengthens our business and industry. We aim to grow our oil and gas business, reduce the carbon intensity of our operations and grow our new energy business. For more information about Chevron, please visit www.chevron.com.
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This news release contains forward-looking statements regarding Chevron’s operations, assets and strategies that are based on management’s current expectations, estimates and projections with respect to the petroleum, chemical and other energy-related industries. Words and phrases such as “anticipate,” “expect,” “intend,” “plan,” “target,” “advance,” “commit,” “promote,” “target,” “anticipate,” “plan,” “believe,” “approach,” “seek,” “schedule,” “estimate,” “position,” and “seek.” “progress”, “design”, “enable”, “may”, “could”, “could”, “should”, “plan”, “budget”, “forecast”, “trend”, “guidance”, “focus”, “on track”, “trajectory”, “goal”, “objective”, “strategy”, “opportunity”, “ready”, “potential”; Although the words “ambition,” “future,” “aspirations” and similar expressions, and variations or negatives of these words, are intended to identify such forward-looking statements, not all forward-looking statements contain such words. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties and other factors, many of which are beyond our control and difficult to predict. Therefore, actual outcomes or results may differ materially from those expressed or anticipated in such forward-looking statements. Readers should not place undue reliance on forward-looking statements, which speak only as of the date of this news release. Chevron undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Important factors that could cause actual results to differ materially from forward-looking statements include changes in crude oil and natural gas prices and demand for our products, production reductions due to market conditions, and production reductions due to market conditions. crude oil production quotas or other measures that may be imposed by the Organization of the Petroleum Exporting Countries and other producing countries; technological progress. changes in government policies in the countries in which the Company operates; public health crises such as pandemics and epidemics, and related government policies and actions; Disruptions to companies’ global supply chains, including supply chain constraints and rising costs of goods and services. changes in the economic, regulatory and political environments in the various countries in which we operate, including Venezuela; general domestic and international economic, market and political conditions, including the conflict between Russia and Ukraine, the Middle East conflict and the global response to these hostilities; changes in refining, marketing and chemical margins; the Company’s ability to realize anticipated cost savings and efficiencies related to the Company’s structural cost reduction initiatives; actions of competitors or regulators; Timing of exploration costs. Changes in projected future cash flows. Timing of oil withdrawal. uncertainties regarding estimates of crude oil, natural gas liquids and natural gas reserves; the competitiveness of alternative energy sources or products; the pace and scale of development of the large-scale carbon capture and offsets market; the results of operations and financial condition of our suppliers, vendors, partners and affiliates; the inability or failure of the Company’s joint venture partners to finance their share of operating and development activities; the possibility that we will not achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or commencement of planned projects; potential disruption or interruption of our operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, acts of terrorism or other natural or human causes beyond our control; potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes implemented or required by existing or future environmental laws and regulations, including international agreements, national or local laws and regulatory measures related to greenhouse gas emissions and climate change; potential liability arising from pending or future litigation; the Company’s ability to achieve the anticipated benefits of its acquisition of Hess Corporation; delays or failure to complete any future acquisitions or dispositions of assets or stock by the Company or the completion of such transactions pursuant to any required closing conditions; potential gains and losses on disposal or impairment of assets; government divestitures, divestitures, recapitalizations, taxes and audits, tariffs, sanctions, changes in accounting terms or limitations on the Company’s scope of operations; Foreign exchange movements compared to the US dollar. Rising inflation and related effects. Corporate liquidity and access to debt markets will be significantly reduced. changes in the Company’s capital allocation strategy; the impact of changed accounting rules based on generally accepted accounting principles promulgated by rule-setting bodies; the Company’s ability to identify and mitigate the risks and hazards inherent in its operations in the global energy industry; and the factors described under the heading “Risk Factors” on pages 20-27 of the Company’s 2024 Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release may also materially adversely affect the forward-looking statements.
contact address
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