How does Chevron manage corporate governance?

Chevron manages corporate governance through a comprehensive framework that emphasizes accountability, transparency, and ethical business practices. At the core of its governance structure is the Board of Directors, which is responsible for overseeing the management and ensuring that the company adheres to its mission and objectives. The Board comprises a diverse group of individuals with various expertise and backgrounds, allowing for a well-rounded approach to decision-making. Chevron adheres to established best practices in corporate governance, which include regularly reviewing its governance policies and ensuring compliance with relevant laws and regulations. The company publishes its corporate governance principles, which outline the roles and responsibilities of the Board, its committees, and individual directors. These principles provide guidance on issues such as conflicts of interest, director independence, and the evaluation of management performance. In addition to shareholder interests, Chevron places a strong emphasis on stakeholder engagement, considering the perspectives of employees, customers, suppliers, and communities in which it operates. This stakeholder-centric approach supports Chevron's commitment to sustainability and social responsibility. Moreover, Chevron holds regular evaluations of its governance practices and policies to ensure alignment with evolving industry standards and best practices. For specific details regarding governance practices, the company encourages interested parties to explore the corporate governance section on its website, where they can find comprehensive information about its framework and procedures.