Chevron Corporation announced a simplified organizational structure and senior leadership changes intended to strengthen execution and pace to deliver on the company's objectives of higher returns and lower carbon. Effective Oct. 1, 2022, the company will consolidate its Upstream, Midstream and Downstream business segments under a new executive vice-president, Oil, Products & Gas, who will oversee the full value chain.

As part of this change, the company is consolidating into two Upstream regions — Americas Exploration & Production and International Exploration & Production. The company is also organizing its Strategy & Sustainability, Corporate Affairs and Business Development functions under a new executive vice-president, Strategy, Policy & Development. The company made the following personnel appointments, effective Oct.

1, 2022: Mark Nelson was named executive vice-president, Strategy, Policy & Development; Nigel Hearne was named executive vice-president, Oil, Products & Gas; Clay Neff was named president, International Exploration & Production; Bruce Niemeyer was named president, Americas Exploration & Production; Balaji Krishnamurthy was named vice-president, Chevron Strategy & Sustainability. In addition, the company made the following personnel announcements: Jay Johnson, executive vice-president, Upstream, was named executive vice-president, senior advisor, effective Oct. 1, 2022, and will support the transition until Jan.

31, 2023. Johnson has more than 41 years of service to the company; Jay Pryor, vice-president, Chevron Business Development, will retire after more than 43 years of service to the company, effective July 29, 2022; Steve Green, president, Chevron North America Exploration & Production, will retire after more than 24 years of service to the company and its predecessors, effective Sept. 30, 2022.

Nelson and Hearne will report to Wirth in their new roles.