Why did Chevron oppose the proposal for an independent board chair?

Chevron opposed the proposal, stating it should have the flexibility to choose the structure of its board.

Chevron Shareholders Reject Proposal for Independent Board Chair

Q: What was the outcome of the shareholder proposal calling for an independent board chair at Chevron's annual meeting?

Chevron shareholders rejected the proposal that would have required an independent board chair separate from the CEO role, according to preliminary voting results from the annual meeting.

May 27, 2026

Chevron shareholders rejected a proposal requiring an independent board chair separate from the CEO role, aligning with management's recommendation. This follows a similar outcome at ConocoPhillips earlier this month.

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Chevron Shareholders Reject Proposal for Independent Board Chair

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