Chevron Corporation has appointed John Hess, former chief executive of Hess Corp, to its board of directors, the U.S. oil major said on Tuesday, following the completion of its US$53 billion acquisition of Hess earlier this month.
The announcement comes after the U.S. Federal Trade Commission (FTC) reversed an earlier decision that barred Hess from joining Chevron’s board due to antitrust concerns linked to the blockbuster merger. The deal closed on July 18, 2025.
Hess, 71, served as CEO of Hess Corp until the merger closed. Under his leadership, Hess was transformed from a traditional integrated oil company into a streamlined independent explorer and producer, with significant investments in offshore Guyana.
“We are excited to welcome John Hess to Chevron’s Board,” Chevron Chairman and CEO Mike Wirth said. “John not only built a great company, he is a highly respected industry leader, and our Board will benefit from his global experience, relationships and expertise.”
In addition to his new board seat, Hess will serve on Chevron’s Public Policy and Sustainability Committee. His appointment includes a prorated grant of restricted stock units under Chevron’s Non-Employee Directors’ Equity Compensation and Deferral Plan, as well as a prorated annual cash retainer of US$155,000.
“I am delighted to join Chevron’s Board of Directors at such an important time for the energy industry,” Hess said in a statement. “I look forward to working with the Board and leadership team to advance the company’s mission to meet the world’s growing energy needs safely and responsibly and to create significant value for shareholders.”
Chevron is now a key partner in the ExxonMobil-led consortium developing oil resources in Guyana’s Stabroek Block, alongside China’s CNOOC. Production offshore Guyana currently stands at around 664,000 barrels per day (b/d) and is expected to more than double by 2027–2028, surpassing 1.3 million b/d as additional floating production units come online.
