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Chevron Reaffirms Energy Growth Strategy as Shareholders Back Board at 2026 Annual Meeting

 

 

 

 

Chevron Corporation has reaffirmed its long-term energy growth and lower-carbon strategy after shareholders voted in support of the company’s board recommendations during its 2026 Annual Meeting of Stockholders.

The U.S. energy major said more than 1.6 billion shares, representing approximately 85 percent of its outstanding common stock, were represented at the meeting through proxy participation, reflecting strong shareholder engagement.

Shareholders voted on six agenda items, including the election of directors, with the company reporting broad support for its full slate of board nominees and other management-backed proposals.

Speaking at the meeting, Chevron Chairman and Chief Executive Officer Mike Wirth said recent geopolitical and market developments continue to underscore the strategic importance of reliable energy supply.

“Recent events remind us of the importance of energy,” Wirth said. “Oil and natural gas remain vital to people, economies, and global energy security. While the future is uncertain, our actions are not.”

He added that Chevron would continue to pursue a consistent strategy focused on leveraging its operational strengths to deliver energy safely while advancing lower-carbon initiatives.

Chevron, one of the world’s largest integrated energy companies, has maintained a dual-track approach that combines expansion of its traditional oil and gas operations with investments aimed at reducing operational carbon intensity and growing new energy businesses.

The company said its strategy is designed to meet rising global energy demand while supporting evolving energy transition goals across international markets.

Final voting results from the annual meeting are expected to be disclosed in a Form 8-K filing with the U.S. Securities and Exchange Commission and published on Chevron’s investor relations platform.

Chevron’s operations span crude oil and natural gas production, refining, transportation fuels, lubricants, petrochemicals, and energy technology development, positioning the company as a major player in global energy security and industrial supply chains.

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