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Chevron (NYSE: CVX) revises bylaws to broaden John Hess’s board role
Chevron Corporation has updated its By-Laws, effective March 25, 2026, to allow non-employee directors, including John Hess, to fully participate in board leadership elections. This change accommodates John Hess’s role on the board after the Hess Corporation acquisition, as he does not meet the NYSE’s independent director definition due to acquisition-related transactions. The revision ensures compliance with NYSE requirements while enabling Mr. Hess to perform his fiduciary duties without conflict.