Chevron appointed Thomas Horton as an independent director. Horton is a partner at Global Infrastructure Partners (GIP). The appointment expands Chevron's board to 13 members. Horton will also join the Board Audit Committee. He boasts senior leadership experience at American Airlines and serves on the boards of Walmart and General Electric. His background in finance and large-scale capital investment supports the oversight of Chevron's major projects.
Separately, Chevron is negotiating with Iraq's oil ministry. The company seeks to acquire Lukoil's stake in the giant West Qurna 2 oilfield. Chevron reportedly aims to improve the service agreement's contractual terms. A successful deal would significantly deepen Chevron's presence in Iraq. This move aligns with the strategy of international expansion following the 2025 acquisition of Hess Corp.