Chevron Names New Treasurer as Longtime Executive Retires
Event summary
- Uriel 'Ose' Oseguera elected as Chevron's new Treasurer, effective November 1, 2026.
- Navin Mahajan retires after nearly 30 years at Chevron, including seven as Treasurer.
- Oseguera previously served as Vice President of Upstream Business Performance & Finance.
- Oseguera will oversee capital markets, corporate finance, and risk management activities.
The big picture
Chevron's leadership change in the Treasurer role comes amid broader industry shifts toward financial discipline and risk management. As energy companies navigate volatile markets, the transition from a long-serving executive to a finance-focused successor could signal a strategic emphasis on capital allocation and value creation. The move also highlights Chevron's internal talent development, with Oseguera rising through ranks over nearly four decades.
What we're watching
- Leadership Transition Impact
- How Oseguera's background in upstream finance will shape Chevron's treasury strategy.
- Risk Management Focus
- Whether the new Treasurer will prioritize capital markets or operational risk management.
- Long-Term Value Creation
- The pace at which Oseguera can implement financial discipline across Chevron's global operations.
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