Chevron Appoints Kevin McLachlan to Lead Global Exploration

Core Insights - Chevron Corporation has appointed Kevin McLachlan as Vice President of Exploration, succeeding Liz Schwarze, who will retire in February 2026 after over 30 years with the company [1][2] Leadership Transition - The appointment signifies a major leadership change within Chevron's upstream division, with McLachlan bringing over 30 years of international experience in exploration, production, and carbon management [2] - McLachlan's previous roles include senior positions at TotalEnergies, Murphy Oil, Nexen, and ExxonMobil, focusing on oil and gas discovery, field development, and carbon capture and storage (CCS) [2][5] - Clay Neff, President of Chevron Upstream, highlighted McLachlan's strong record in leading exploration organizations and praised Schwarze's collaborative leadership and impact on exploration performance [3] Exploration Strategy - Chevron's exploration operations are crucial to its global upstream business, which includes major basins in the U.S., Africa, Latin America, and Asia-Pacific [4] - The company is pursuing a dual strategy of expanding oil and gas production while reducing carbon intensity and developing new businesses in renewable fuels, hydrogen, and CCS [4][5] - The leadership change occurs as oil majors reassess exploration strategies due to capital discipline, geopolitical shifts, and pressures from the energy transition [5]