Chevron Promotes Siva Barnwell Adams to Corporate Secretary as Mary Francis Retires

Chevron named Siva Barnwell Adams corporate secretary and chief governance officer, effective January 1, 2027, succeeding Mary A. Francis, who will retire from the company in May 2027 after 25 years. Business Wire reported the appointment on November 2, 2026.

Adams Moves From Deputy Secretary to Chevron's Top Governance Post

In the role, Barnwell Adams will advise the board of directors and Chevron's senior management on corporate governance matters, run the Corporate Governance Department and sit on the Law Function Executive Committee. She currently serves as deputy corporate secretary, supporting the board and working with senior leaders on governance and corporate matters.

Before that post, Barnwell Adams was senior managing counsel for the Major Transactions Law Group, where she led the team and advised senior management on mergers and acquisitions, divestitures, joint ventures and portfolio matters. She has worked at Chevron for more than 26 years, joining Texaco in 2000 before its merger with Chevron in 2001. She holds a Bachelor of Arts in English from the University of Texas at Austin, earned in 1991, and a Juris Doctor from the University of Texas School of Law, earned in 1994.

"Siva brings extensive experience in corporate governance, securities and board matters, along with a deep understanding of Chevron's business and culture," said Chairman and Chief Executive Officer Mike Wirth. "We are pleased to welcome Siva to this role and are confident she will continue Chevron's tradition of governance excellence."

Mary Francis Hands Over After a Decade in the Role

Francis joined Chevron in 2002 and became corporate secretary and chief governance officer in 2015. Effective January 1, 2027, she will become a senior advisor to incoming Chief Legal Officer Scott A. Keller.

"Mary has been an exceptional leader, trusted advisor and steward of Chevron's governance practices," Wirth said. "She has helped guide the company through significant periods of growth and transformation while maintaining the highest standards of integrity and corporate governance."

Chevron's Power and Permian Expansion

According to akta.pro company records, Chevron reported record output of 3,858 MBOED, a 15% year-over-year increase driven by Hess acquisition integration and Permian growth above 1 million BOE/day. In June 2026 the company set up Energy Forge One LLC as a dedicated power-generation subsidiary and, through it, signed a 20-year power purchase agreement with Microsoft for Project Kilby, a 2.67 GW co-located natural gas facility in Reeves County, Texas, with initial capital expenditure of approximately $7 billion and first power expected in 2028.

Chevron's Output and Earnings in Late October 2026

On October 30, 2026, Energyintel reported that Chevron expects to double its gross crude oil output in Venezuela to 600,000 barrels per day within five years. The same day, 247wallst reported that Chevron returned 149.7% of its 2025 free cash flow to shareholders, paying $12.8 billion in dividends and $12.1 billion in buybacks against $16.6 billion in free cash flow. On October 31, 2026, FinanzNachrichten.de reported that Chevron posted record results in the fourth quarter with a growth rate slowing from the prior quarter.