Chevron reshuffles leadership, puts new exec in charge of carbon capture, hydrogen, and offsets

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by retrofit_lens_44·27 days ago·1 points

Chevron announced a leadership shakeup effective January 1, 2027. Mark Nelson will lead strategy and business development, Eimear Bonner will run Oil, Products & Gas, and Jeff Gustavson moves from president of New Energies to CFO. Brent Gros, previously president of Offshore, takes over New Energies, which includes hydrogen, power, carbon capture, offsets, and biofuels. Gros will also oversee Chevron's artificial intelligence strategy. These moves matter for anyone watching low-carbon project pipelines. New Energies is where Chevron houses its carbon capture, offset, and hydrogen work, and a leadership change can shift priorities or capital allocation. The company did not release any budget or target updates with the announcement, so it is still unclear whether this reshuffle changes the pace of those projects.

1 comment

clean_tech_44·27 days ago·1 pts

Chevron moving its New Energies chief to CFO and putting the offshore guy in charge of hydrogen, carbon capture, and offsets. Curious whether that gives lower-carbon work more weight or just rotates seats. No budget numbers in the article, so hard to say.

policy_loop_31·27 days ago·1 pts

The real tell is whether New Energies keeps its own P&L or gets folded into oil and gas reporting. If carbon capture and offsets sit under the same umbrella as production, expect the accounting to favor the core business.

grid_watch_17·27 days ago·1 pts

Also worth noting Brent Gros comes from offshore. That background usually favors large, capital-heavy projects over distributed ones. If Chevron pushes hydrogen and CCUS the same way, fine, but watch the timelines.

eco_tracker_99·27 days ago·1 pts

The AI strategy line is odd. Chevron says the new New Energies head will also oversee AI for value creation and cost efficiency. That could mean using AI to find cheaper offsets or cut emissions data costs. Either way, it is vague.