Houston-based Chevron Corp. announced senior leadership changes as the company works to simplify its organizational structure, according to a Feb. 24 press release.

The company announced plans on Feb. 12 to lay off up to 20% of its workforce by the end of 2026, citing the need to cut costs and simplify its business amid its pending merger of Hess Corp.

Chevron’s oil, products and gas organization will be consolidated into two segments: upstream as one segment and downstream, midstream and chemicals as the second segment, the company said.

 The upstream model will drive value across shale and tight, base assets and emerging countries, Offshore, Eurasia and Australia, Chevron said.

Clay Neff, currently president of international E&P, has been named president of upstream, effective July 1.

Bruce Niemeyer, currently president of Americas E&P, has been named president of shale and tight, effective July 1.

Chevron said the downstream, midstream and chemicals model will center around “key work processes,” including operations, commercial, customer and enterprise value chain optimization.

Andy Walz will continue as president of downstream, midstream and chemicals.

Chevron’s technical center is also undergoing restructuring to drive value in technology, projects and execution.

Ryder Booth, currently vice president of Chevron’s midcontinent business unit, has been named vice president of technology, projects and execution, effective July 1, 2025.

Booth succeeds Balaji Krishnamurthy, currently vice president of Chevron Technical Center. Krishnamurthy has been named president of the company’s Australia operations, effective April 1.

“Our new organizational structure and leadership appointments are designed to improve our operational efficiency and position Chevron for sustained growth,” said Mike Wirth, Chevron’s chairman and CEO. “These changes will help enable us to drive innovation and execution and deliver value for our shareholders.”

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