CVXNYSESEC EDGAREDGAR

CHEVRON CORP

Petroleum Refining·HOUSTON, TX·FY end 12/31·CIK 93410

Board of Directors

12 members · 10 independent · FY 2025
DirectorRoleTenureAgeCommitteesIndep.Annual fees
Wanda M. AustinLead Independent Director10y71NCGComp$467,500
John B. FrankDirector9y69Audit$397,500
Enrique Hernandez, Jr.Director18y70Public Policy and SustainabilityComp$417,500
John B. HessDirector1y72Public Policy and Sustainability$248,249
Marillyn A. HewsonDirector5y72Audit$397,500
Thomas W. HortonDirector0y64Audit
Jon M. Huntsman Jr.Director6y66CompPublic Policy and Sustainability$390,000
Dambisa F. MoyoDirector10y57Audit$390,000
Debra Reed-KlagesDirector8y69Audit$420,000
D. James Umpleby IIIDirector8y68NCGPublic Policy and Sustainability$390,000
Cynthia J. WarnerDirector4y67Public Policy and Sustainability$397,500
Michael K. WirthCEO and Director9y65

Risk-factor diff

FY 2025 10-K vs. FY 2024
+509 new65 removed

Net-new paragraphs in the most recent 10-K's Item 1A. Companies rarely add risk language without a real reason — additions here are often a leading signal of management concerns.

NEW · FY 2025

Less: Net income (loss) attributable to noncontrolling interests

NEW · FY 2025

Management of Chevron Corporation is responsible for preparing the accompanying consolidated financial statements and the related information appearing in this report. The statements were prepared in accordance with accounting principles generally accepted in the United States of America and fairly represent the transactions and financial position of the company. The financial statements include amounts that are based on management’s best estimates and judgments.

NEW · FY 2025

As stated in its report included herein, the independent registered public accounting firm of PricewaterhouseCoopers LLP has audited the company’s consolidated financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States).

NEW · FY 2025

The Board of Directors of Chevron has an Audit Committee composed of directors who are not officers or employees of the company. The Audit Committee meets regularly with members of management, the internal auditors and the independent registered public accounting firm to review accounting, internal control, auditing and financial reporting matters. Both the internal auditors and the independent registered public accounting firm have free and direct access to the Audit Committee without the presence of management.

NEW · FY 2025

The company’s management has evaluated, with the participation of the Chief Executive Officer and Chief Financial Officer, the effectiveness of the company’s disclosure controls and procedures (as defined in the Exchange Act Rules 13a-15(e) and 15d-15(e)) as of December 31, 2025. Based on that evaluation, management concluded that the company’s disclosure controls are effective in ensuring that information required to be recorded, processed, summarized and reported are done within the time periods specified in the U.S. Securities and Exchange Commission’s rules and forms.

+ 25 more new paragraphs not shown

Policies & disclosures

Clawback, anti-hedging, stock ownership, and related-party policies will populate from extracted proxy sections.