Chevron names Jeff Gustavson CFO as Eimear Bonner moves to run oil, products and gas

Chevron is reshuffling its top finance and operating jobs. The company's board elected Jeff Gustavson as chief financial officer effective Jan. 1, 2027, according to an 8-K filed Monday, as current CFO Eimear Bonner shifts into an operating role.

Bonner will become president of Oil, Products & Gas on the same date and will no longer serve as CFO. That business is currently overseen by Mark Nelson, Chevron's vice chairman and executive vice president of Oil, Products & Gas.

Nelson will stay on as vice chairman, adding responsibility for strategy and business development to his corporate duties, but will give up the executive vice president title for Oil, Products & Gas, the filing says. The board approved the officer elections on Sept. 30.

Gustavson, 54, joined Chevron in 1999. He has led the company's New Energies unit as president since August 2021. Before that, from February 2018 to July 2021, he was vice president of Chevron North America Exploration and Production, overseeing its Mid-Continent business unit, and earlier served as president of Chevron Canada.

The filing says he has also held roles in finance, mergers and acquisitions, corporate strategic planning, supply and trading, and investor relations, with assignments in the U.S., Canada, the United Kingdom and Venezuela.

As CFO, Gustavson will be Chevron's principal financial officer. His annual base salary will be $1,000,000 starting Jan. 1, 2027, with a target bonus of 110% under the Chevron Incentive Plan.

By the numbers

• Effective date of changes: Jan. 1, 2027
• New CFO: Jeff Gustavson, 54, at Chevron since 1999
• Gustavson base salary: $1,000,000
• Gustavson target bonus percentage: 110%
• Board approval: Sept. 30, 2026

Sources

1. Chevron Corporation Form 8-K (Item 5.02), filed Oct. 5, 2026, accession 0000093410-26-000188

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