Chevron Announces Leadership Shifts with New CFO and President
Chevron Corporation (CVX) has announced senior leadership changes effective January 1, 2027, following a Board decision on September 30, 2026. Mark A. Nelson, currently Vice Chairman, will expand his role to include Strategy and Business Development but step down as Executive Vice President, Oil, Products & Gas.
Eimear P. Bonner, the current Chief Financial Officer, has been promoted to President, Oil, Products & Gas. This move shifts her focus from corporate finance to leading Chevron's core energy operations. Meanwhile, Jeff B. Gustavson, previously President of New Energies, will take over as the new CFO, with an annual base salary of $1,000,000 and an enhanced target bonus.
The latest analyst rating for Chevron stock is a Hold, with a price target of $208.00. However, Spark, TipRanks’ AI Analyst, rates CVX as an Outperform, citing strong financial resilience, large free cash flow, and supportive technical indicators. The stock’s valuation (P/E 32.42) and signs of normalizing profitability are noted as offsets.