[PRESS RELEASE] - Chevron Corporation (NYSE:CVX) today announced the relocation of the company’s headquarters from San Ramon, California, to Houston, Texas, and senior leadership changes. Headquarters Relocation The company’s headquarters will move from San Ramon, California, to Houston, Texas. Chevron Chairman and CEO, Mike Wirth, and Vice Chairman, Mark Nelson, will move to Houston before the end of 2024 to co-locate with other senior leaders and enable better collaboration and engagement with executives, employees, and business partners. There will be minimal immediate relocation impacts to other employees currently based in San Ramon. The company expects all corporate functions to migrate to Houston over the next five years. Positions in support of the company’s California operations will remain in San Ramon. Chevron currently has roughly 7,000 employees in the Houston area and approximately 2,000 employees in San Ramon. The company operates crude oil fields, technical facilities, and two refineries and supplies more than 1,800 retail stations in California. Leadership Announcements The company also announced the following leadership changes: Nigel Hearne, executive vice president, Oil, Products & Gas, will retire from Chevron after 35 years of service to the company. Since 2022, Hearne has led the consolidation of Chevron’s Upstream, Midstream and Downstream businesses, ensuring a more integrated approach to value chains, asset class excellence and operational excellence. “Nigel’s contributions across the business and around the world have made Chevron a stronger company,” said Mike Wirth, Chevron’s chairman and chief executive officer. “He’s been an inspiring leader and mentor to many, and his accomplishments position our company for even more success in the future.” Mark Nelson, Chevron’s vice chairman, will take responsibility for Oil, Products & Gas, effective October 1, 2024. Rhonda Morris, vice president and chief human resources officer, will retire after 31 years of service to the company. Since 2016, Morris has been responsible for shaping and driving Chevron’s people and culture strategy, including leadership succession, learning and talent, diversity and inclusion, workforce planning and total rewards. “Rhonda has been a tireless advocate for our people, helping ensure our employees work in an inclusive environment where they can learn, develop and have rewarding careers,” said Wirth. Michelle Green, vice president, Human Resources, Oil, Products & Gas, will succeed Morris as vice president and chief human resources officer, effective January 1, 2025. Colin Parfitt, vice president, Midstream, will retire after 29 years of service to the company. Since 2019, Parfitt has been responsible for the company’s shipping, pipeline, power and energy management and supply and trading operating units. “Colin has made an important impact on Chevron’s commercial capabilities,” said Wirth. “Under his leadership, our Midstream organization has created value by connecting and better integrating value chains around the world.” The company appointed Andy Walz, currently president, America’s Products, to president, Downstream, Midstream & Chemicals, effective October 1, 2024. In this role, Walz will be responsible for directing the company’s worldwide manufacturing, marketing, lubricants, chemicals and additives businesses along with Chevron’s shipping, pipeline, power, and trading units. Chevron is one of the world’s leading integrated energy companies, believing that affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and the industry. Chevron aims to grow its oil and gas business, lower the carbon intensity of its operations and grow lower carbon businesses in renewable fuels, carbon capture and offsets, hydrogen and other emerging technologies. More information about Chevron is available at www.chevron.com. Media Contact: Randy Stuart: +1 (713) 283-8609

The Greater Houston Partnership, through its Greater Houston Leadership Institute will introduce the Houston Energy Leadership Cohort this fall. This transformative 10-week professional development program is designed specifically for mid-career professionals in the energy and supporting sectors. By participating in the cohort, professionals will have the opportunity to gain deep insights into Houston's pivotal role in the energy transition while building the knowledge and skills necessary for significant career growth. The Houston Energy Leadership Cohort is structured to deliver comprehensive learning and development opportunities through engaging sessions led by industry experts. Participants will explore the complexities of the energy landscape, understand key innovations and develop practical solutions to current challenges. Participants can expect engaging sessions on: Houston as the Growth Center for the Energy Future Energy Breakthroughs: Bridges through the Peaks and Valleys of Innovation Capital Formation: Integrating Technology at Scale Operating with Impact: Strengthening Climate Equity and Community Engagement A Dynamic Energy Transition: Career Pivots and Resilience Policies Needed to Help Scale Breakthrough Technology Making the Global Local: Your Part in the Energy Transition Your Future in the Tech-Enabled Economy Making "Sustainability" Sustainable Program Highlights Professional Development: Gain insights into the complexities of the energy landscape and identify ways to create impact and advance your career. B2B Networking: Connect with like-minded professionals, build valuable relationships for future collaborations, and meet leading industry experts. Energy Transition Knowledge: Explore Houston’s role in the energy transition, understand the changing landscape, and discover growth opportunities. Who Should Join? Energy professionals with 10+ years of experience Startup founders or principals in the energy sector Manufacturers, supply chain managers and logistics professionals Energy services professionals External affairs, corporate affairs and government relations professionals Why Choose the Houston Energy Leadership Cohort? Tailored for Houston’s Growth: Be part of a program in the heart of a growing hub for leading energy companies. Houston’s talent will play a crucial role in shaping the energy transition. Financial Expertise: Understand the capital and processes needed for successful technology implementation in the capital-intensive energy industry. Community Partnership: Learn to be expert communicators and valuable partners to Houston’s communities – a crucial aspect in the energy sector. Agility and Resilience: Equip yourself with the agility and resilience needed to navigate the non-linear path of the energy transition. Program Dates, Application and Fees: When: September 10 - November 19 Where: Partnership Tower, Field Visits, Virtual Cost: $7,000* *Participants must apply and be accepted for the cohort. Take the Next Step: Applications are accepted through August 9 for fall 2024 Learn more and apply now by clicking here Join us for an informational session on the Houston Energy Leadership program on Tuesday, August 6 Seize the opportunity to be at the forefront of Houston’s energy leadership. Elevate your career, expand your network and contribute to the dynamic energy landscape. Apply today and be a catalyst for change with the Houston Energy Leadership Cohort. For more information, please contact helc@houston.org.