Chevron Announces Organizational and Management Changes
Chevron announced a new, streamlined organizational structure and senior management changes. The impact of these changes will be felt primarily at higher levels of management and not in regions like the Permian Basin.
Effective October 1, the company will consolidate its Upstream, Midstream and Downstream business segments under a new Executive Vice President, Oil, Products & Gas, who will oversee the entire value chain. As part of this change, the company is consolidating into two Upstream regions: Americas Exploration-Production and International Exploration-Production.