Chevron to Consolidate Upstream, Midstream, Downstream Units

As part of the consolidation, Nigel Hearne will oversee Chevron’s full value chain in the newly created executive vice president position.

Hart Energy Staff
Chevron to Consolidate Upstream, Midstream, Downstream Units

Effective Oct. 1, Nigel Hearne will serve as executive vice president, Oil, Products & Gas, reporting directly to Chevron CEO Mike Wirth. (Source: Hart Energy, Chevron Corp., image of Chevron headquarters by askarim / Shutterstock.com)

Chevron Corp. said May 26 it will consolidate its upstream, midstream and downstream segments as part of an “enterprise-wide transformation” launched by the oil major in 2020.

“We’ve made significant progress over the last two years, and these changes position us to further enhance execution across all aspects of our business as the energy system evolves,” Mike Wirth, Chevron’s chairman and CEO, commented in a company release.

As part of the changes announced May 26, a new executive vice president, Nigel Hearne, will oversee Chevron’s full value chain in the newly created position of executive vice president, Oil, Products & Gas.

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