After 33 years of distinguished service, Mark Ross, President of
Chevron Shipping Company, has elected to retire effective May 1,
2024. Barbara Pickering, currently Vice President of Operations,
Chevron Shipping Company, will succeed Mark as President.
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Mark Ross, President, Chevron Shipping
Company (Photo: Business Wire)
Mark has led Chevron Shipping Company since 2015. Prior to that,
he served as Vice President of Operations of the company for four
years. He joined Chevron in 1990 and has held positions of
increasing responsibility in Chevron’s Midstream, Upstream, and
Downstream organizations. He is also a Director of the American
Bureau of Shipping and the UK P&I Club and is a past Chairman
of the Oil Companies International Marine Forum (OCIMF) and the
Society of International Gas Tanker and Terminal Operators
(SIGTTO).
Mark holds a bachelor’s degree in chemical engineering from the
University of California at Berkeley, a master’s degree in chemical
engineering from the University of Illinois at Urbana-Champaign,
and a Master of Business Administration degree from the University
of California at Berkeley.
Barbara received a bachelor’s degree in Maritime Studies from
Liverpool University in the United Kingdom and joined Chevron in
1991 as a ship charterer in London. She has held positions of
increasing responsibility with Chevron in the UK, Australia, and
the United States. She also currently serves as a Vice Chairman of
OCIMF.
“Under Mark’s leadership, Chevron Shipping Company has delivered
exceptional safety and environmental performance and has greatly
expanded its marine capabilities,” said Colin Parfitt, President
Midstream. “We thank Mark for his many contributions and wish him
well in the future.”
“It has been an honor and privilege to have worked for Chevron
Shipping Company and to have served as President for the past nine
years. I take immense pride in what we have accomplished in
transforming Chevron Shipping Company into a world-class marine
organization. Words cannot properly express how I feel about our
organization and the deep appreciation I have for the people who
run it – onboard our ships, at our terminals, and ashore. I have
known Barbara for 30 years and I am thrilled she will now lead our
company,” said Ross.
About Chevron Shipping Company
Chevron Shipping Company is the global marine subsidiary of
Chevron Corporation. Since launching its first tanker in 1895,
Chevron Shipping Company has evolved into a world-class marine
services company that provides safe and reliable transportation,
manages marine risk, and delivers marine functional expertise
across the Chevron enterprise. Today, Chevron Shipping Company
employs approximately 2,000 people worldwide, operates a modern
fleet of 30 ships and charters third-party ships to transport crude
oil, LNG, LPG, refined petroleum products and chemicals for Chevron
operations around the globe.
About Chevron
Chevron (NYSE: CVX) is one of the world’s leading integrated
energy companies. We believe affordable, reliable, and ever-cleaner
energy is essential to achieving a more prosperous and sustainable
world. Chevron produces crude oil and natural gas; manufactures
transportation fuels, lubricants, petrochemicals and additives; and
develops technologies that enhance our business and the industry.
We are focused on lowering the carbon intensity in our operations
and growing lower carbon businesses along with our traditional
business lines. More information about Chevron is available at
www.chevron.com.
CAUTIONARY STATEMENTS RELEVANT TO
FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR”
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995
This news release contains forward-looking statements relating
to Chevron’s operations and energy transition plans that are based
on management's current expectations, estimates and projections
about the petroleum, chemicals and other energy-related industries.
Words or phrases such as “anticipates,” “expects,” “intends,”
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“strategies,” “opportunities,” “poised,” “potential,” “ambitions,”
“aspires” and similar expressions are intended to identify such
forward-looking statements. These statements are not guarantees of
future performance and are subject to certain risks, uncertainties
and other factors, many of which are beyond the company’s control
and are difficult to predict. Therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. The reader should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this news release. Unless legally required,
Chevron undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Among the important factors that could cause actual results to
differ materially from those in the forward-looking statements are:
changing crude oil and natural gas prices and demand for the
company’s products, and production curtailments due to market
conditions; crude oil production quotas or other actions that might
be imposed by the Organization of Petroleum Exporting Countries and
other producing countries; technological advancements; changes to
government policies in the countries in which the company operates;
public health crises, such as pandemics (including coronavirus
(COVID-19)) and epidemics, and any related government policies and
actions; disruptions in the company’s global supply chain,
including supply chain constraints and escalation of the cost of
goods and services; changing economic, regulatory and political
environments in the various countries in which the company
operates; general domestic and international economic, market and
political conditions, including the military conflict between
Russia and Ukraine and the global response to such conflict;
changing refining, marketing and chemicals margins; actions of
competitors or regulators; timing of exploration expenses; timing
of crude oil liftings; the competitiveness of alternate-energy
sources or product substitutes; development of large carbon capture
and offset markets; the results of operations and financial
condition of the company’s suppliers, vendors, partners and equity
affiliates, particularly during the COVID-19 pandemic; the
inability or failure of the company’s joint-venture partners to
fund their share of operations and development activities; the
potential failure to achieve expected net production from existing
and future crude oil and natural gas development projects;
potential delays in the development, construction or start-up of
planned projects; the potential disruption or interruption of the
company’s operations due to war, accidents, political events, civil
unrest, severe weather, cyber threats, terrorist acts, or other
natural or human causes beyond the company’s control; the potential
liability for remedial actions or assessments under existing or
future environmental regulations and litigation; significant
operational, investment or product changes undertaken or required
by existing or future environmental statutes and regulations,
including international agreements and national or regional
legislation and regulatory measures to limit or reduce greenhouse
gas emissions; the potential liability resulting from pending or
future litigation; the company’s future acquisitions or
dispositions of assets or shares or the delay or failure of such
transactions to close based on required closing conditions; the
potential for gains and losses from asset dispositions or
impairments; government mandated sales, divestitures,
recapitalizations, taxes and tax audits, tariffs, sanctions,
changes in fiscal terms or restrictions on scope of company
operations; foreign currency movements compared with the U.S.
dollar; higher inflation and related impacts; material reductions
in corporate liquidity and access to debt markets; the receipt of
required Board authorizations to implement capital allocation
strategies, including future stock repurchase programs and dividend
payments; the effects of changed accounting rules under generally
accepted accounting principles promulgated by rule-setting bodies;
the company’s ability to identify and mitigate the risks and
hazards inherent in operating in the global energy industry; and
the factors set forth under the heading “Risk Factors” on pages 20
through 26 of the company’s 2022 Annual Report on Form 10-K and in
subsequent filings with the U.S. Securities and Exchange
Commission. Other unpredictable or unknown factors not discussed in
this news release could also have material adverse effects on
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240124396325/en/
Media Contact: Chevron Christine Dobbyn External
Affairs Advisor christinedobbyn@chevron.com
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