UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 27, 2026
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||||
(d) On January 27, 2026, the board of directors (the “Board”) of Chevron Corporation (the “Corporation”) appointed Thomas W. Horton as a member of the Board, effective on January 27, 2026 (the “Effective Date”). Mr. Horton was also appointed as a member of the Audit Committee of the Board on the Effective Date.
Mr. Horton, age 64, is a partner at Global Infrastructure Partners, a global infrastructure investment firm, a position he has held since April 2019. From 2015 to 2019, he was a senior advisor at Warburg Pincus. He was the chairman of American Airlines Group, Inc. from 2013 to 2014, and served as chairman, president, and chief executive officer of American Airlines, Inc. (“American”) and AMR Corporation (“AMR”) from 2011 to 2013, after being named president of American in 2010. Prior to that, he served as executive vice president of finance and planning of American and AMR from 2006 to 2010. He was vice chairman and chief financial officer of AT&T Corporation from 2002 to 2005. He has served as a director of Walmart Inc. since 2014 and as a director of General Electric Company (operating as GE Aerospace) since 2018.
On January 27, 2026, the Board approved a prorated grant to Mr. Horton of the annual restricted stock unit award granted to non-employee Directors under the Chevron Non-Employee Directors’ Equity Compensation and Deferral Plan (the “NED Plan”), to be granted on the Effective Date. The number of restricted stock units to be received by Mr. Horton is equal to the product of (x) $235,000 and (y) a fraction, the numerator of which is the number of days remaining in the Annual Compensation Cycle (as defined in the NED Plan) beginning on the Effective Date and the denominator of which is the total number of days in the Annual Compensation Cycle, and dividing that product by the closing Chevron common stock price on the Effective Date. Mr. Horton will also be entitled to receive the annual cash retainer for non-employee Directors of $155,000, which will be prorated.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 27, 2026
CHEVRON CORPORATION | |||||||||||
By: | /s/ Christopher A. Butner | ||||||||||
Christopher A. Butner | |||||||||||
Assistant Secretary and Senior Counsel | |||||||||||