Cars
drive
past
sign
with
logo
at
the
entrance
to
the
world
headquarters
of
petroleum
company
Chevron
in
the
Bishop
Ranch
office
park
in
San
Ramon,
California.
Smith
Collection
|
Archive
Photos
|
Getty
Images
Chevron
on
Sunday
said
the
company’s
Chief
Financial
Officer
Pierre
Breber
will
retire
next
year,
and
named
long-time
company
veteran
Eimear
Bonner,
chief
technology
officer
of
Chevron
Technical
Center,
as
his
successor.
Separately,
the
company
also
said
it
waived
the
mandatory
retirement
age
requirement
for
its
Chief
Executive
Officer
Mike
Wirth.
related
investing
news
Bonner,
49,
has
been
with
Chevron
for
over
24
years.
Bonner
will
report
to
Chevron’s
chief’s
executive
in
her
new
role.
The
upcoming
chief
executive
will
take
the
position
starting
March
1,
2024,
the
company
said
in
a
statement.
The
second-largest
U.S.
oil
firm
also
reported
preliminary
second-quarter
earnings
results.
Net
profit
fell
to
$5.8
billion,
or
$3.08
a
share.
It
was
not
immediately
clear
how
that
compared
with
analysts’
estimates.
Chevron
noted,
however,
that
the
financial
results
reported
Sunday
don’t
represent
a
comprehensive
statement
of
its
second-quarter
results
and
said
it
will
issue
its
complete
second-quarter
earnings
figures
on
Friday,
July
28.
Chevron
said
it
issued
record
shareholder
distributions
of
$7.2
billion
in
the
latest
quarter,
including
dividends
of
$2.8
billion
and
share
repurchases
of
$4.4
billion.
Chevron
also
produced
772,000
barrels
of
oil
equivalent
at
the
Permian
Basin,
another
record
quarter.
The
company
said
that
early
2023
Permian
well
performance
in
company-operated
assets
is
on
track
with
its
full-year
guidance.
—Reuters
contributed
to
this
report.
