Chevron Corporation has approved new compensation terms for its executive officers, effective March 1, 2026. Chairman and CEO Michael K. Wirth will receive an annual base salary increase of $75,000, bringing his salary to $1,975,000. Eimear P. Bonner, Chief Financial Officer, will have her base salary raised by $50,000 to $1,100,000. Vice Chairman Mark A. Nelson’s salary will increase by $25,000 to $1,350,000, while Chief Legal Officer R. Hewitt Pate’s salary will rise by $50,000 to $1,250,000. Additionally, the board approved 2026 equity grant award values under Chevron’s Long-Term Incentive Plan, with Wirth receiving $23 million, Bonner $5,094,000, Nelson $8,533,800, and Pate $7,641,000. These awards will be split equally between performance shares and restricted stock units, with the final amounts determined by Chevron’s stock price on the grant date. Target bonus percentages under the Chevron Incentive Plan remain unchanged for 2026.

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