Chevron is consolidating its upstream, midstream, and downstream business segments as it looks to simplify its organisational structure.
Nigel Hearne will lead the consolidated upstream, midstream, and downstream segments as executive vice president of oil, products and gas.
The company is also consolidating into two upstream regions — Americas and international, headed by Bruce Niemeyer and Clay Neff, respectively.
“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 chief executive Mike Wirth.
“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.”
The changes will take effect on 1 October, 2022.
Chevron is also organising its strategy and sustainability, corporate affairs, and business development divisions under a new executive president of strategy, policy and development, Mark Nelson.
Jay Johnson, who has worked for the company for 41 years, most recently as executive vice president of Upstream, will stay on through 31 January, 2023, as a senior advisor to support the transition.
Jay Pryor, who has worked at the business for more than 43 years, most recently as vice president of Chevron’s business development, will retire, effective 29 July 2022.
Steve Green will also retire, effective 30 September 2022. He has worked at Chevron for more than 24 years, most recently as president of Chevron North America E&P.
“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,” Wirth said.
“Their contributions will be essential in enabling us to advance our objectives of higher returns, lower carbon.”
“I want to especially thank Jay Johnson, Jay Pryor and Steve Green for all they’ve done for our company, our industry and our 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.”
Balaji Krishnamurthy was also named vice president of chevron strategy and sustainability, effective 1 October, 2022.