Executive switch-up taking place at Chevron

U.S.-based energy giant Chevron has introduced senior leadership changes to simplify its organizational structure.

As part of its efforts to increase efficiency, the company’s Oil, Products & Gas organization will be consolidated into two segments: Upstream and Downstream, Midstream & Chemicals. Mark Nelson will continue to lead this organization as Vice Chairman and Executive Vice President of Oil, Products & Gas.

“Our new organizational structure and leadership appointments are designed to improve our operational efficiency and position Chevron for sustained growth,” said Mike Wirth, Chevron’s Chairman and Chief Executive Officer. “These changes will help enable us to drive innovation and execution and deliver value for our shareholders.”

The U.S. major expects the Upstream organizational model to drive value through greater standardization across Shale & Tight, Base Assets & Emerging Countries, Offshore, Eurasia, and Australia.

Effective July 1, 2025, Clay Neff, who is currently President of International Exploration and Production, will become Upstream President, while the current President of Americas Exploration and Production, Bruce Niemeyer, is set to take over as President of Shale & Tight.

Next, the Downstream, Midstream & Chemicals organization will center around key work processes, including Operations, Commercial, Customer, and Enterprise Value Chain Optimization. Andy Walz will stay at its helm as President of Downstream, Midstream & Chemicals.

Additionally, Chevron’s Technical Center will be organized to drive value in Technology, Projects & Execution. Ryder Booth, current Vice President of the Mid-Continent Business Unit, has been named Vice President of Technology, Projects & Execution.

Booth is replacing the current Vice President of Chevron Technical Center, Balaji Krishnamurthy, who has been named President of the Australia division. Both appointments will come into effect on April 1, 2025.

In addition to management changes, the U.S. major and its partners recently submitted an updated reservoir development plan for the Leviathan gas field development offshore Israel. They aim to boost the maximum daily production capacity by another 2 bcm, bringing it to 23 bcm per year.