Chevron Corporation (NYSE:CVX) has announced the nomination of Senator Charles T. Hagel, and John G. Stumpf to the company’s board of directors. Both will be on the sale of board nominees for consideration for election at the company’s annual meeting of stockholders on May 26. If Hagel and Stump far elected, the board’s members will be expanded to 16 from 14. Hagel is a professor at Georgetown University and the University of Nebraska at Omaha. He is also a chairman of the Atlantic Council. Stumpf is a chairman, chief executive officer and president of Wells Fargo & Company (NYSE:WFC). He holds a bachelors degree in finance from St. Cloud University and an MBA as an emphasis in finance from the University of Minnesota.
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Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to United States and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations, power generation and energy services. Exploration and production (upstream) operations consist of exploring for, developing and producing crude oil and natural gas, and also marketing natural gas. Refining, marketing and transportation (downstream) operations relate to refining crude oil and converting natural gas into finished petroleum products; marketing crude oil and the many products derived from petroleum, and transporting crude oil, natural gas and petroleum products by pipeline, marine vessel, motor equipment and rail car. Chemicals operations include the manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant oil additives.
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