Chevron Suffers Loss, Plans Job Cuts
with a net profit of $2.57 billion, or $1.37 per share, in the year-ago period. Revenue tumbled 31% to $23.55 billion. Analysts projected a loss of 20 cents on $21.43 billion in revenue, according to Thomson Reuters. "First quarter results declined from a year ago," John Watson, Chevron's chairman and CEO, said in a statement. "Our Upstream business was impacted by a more than 35 percent decline in crude oil prices. Our Downstream operations continued to perform well, although overall industry conditions and margins this quarter were weaker than a year ago."
Chevron Takes Cummings on Board
Chevron Corporation informed that Alexander B. Cummings Jr. has been elected to Chevron's board of directors, and he will serve on the company's Audit Committee. John Watson, chairman of the board and chief executive officer of Chevron said, "Mr. Cummings is a proven business leader who brings international experience and a global outlook. We look forward to welcoming him to the board." Cummings, 58, is executive vice president and chief administrative officer of The Coca-Cola Company, where he oversees a variety of functions including legal, human resources, community engagement
Mary A. Francis is CS & CGO of Chevron
serve on the Law Function Executive Committee. She succeeds Lydia I. Beebe, who is retiring from Chevron on April 30 after 37 years with the company. "Mary brings years of leadership and management of Chevron’s law function to the position," said Chairman and Chief Executive Officer John Watson. "Her proven expertise will guide the board and senior management on important corporate governance issues." Francis joined Chevron in 2002 as a trademark senior counsel in the Corporation Law Department. In 2005, she was appointed to the position of lead senior counsel in Chevron
Rhonda I. Zygocki Retires from Chevron
service effective Feb. 1, 2015. The company also said it is making new reporting assignments for several executives. "Over the course of her career, Rhonda made many significant contributions to our business and distinguished herself as one of our most versatile and proven leaders," said John Watson, Chevron's chairman and chief executive officer. "Her operating experience in Canada, the United States and Australia, combined with her strong background in a number of key functional areas, made her an invaluable member of our executive committee and one of my most trusted advisors on governance
Chevron Announces New Executive Assignments
service effective Feb. 1, 2015. The company also said it is making new reporting assignments for several executives. "Over the course of her career, Rhonda made many significant contributions to our business and distinguished herself as one of our most versatile and proven leaders," said John Watson, Chevron's chairman and chief executive officer. "Her operating experience in Canada, the United States and Australia, combined with her strong background in a number of key functional areas, made her an invaluable member of our executive committee and one of my most trusted advisors on governance
