John B. Hess Joins Chevron's Board of Directors
Hess, 71, served as CEO of Hess Corporation from 1995 to 2025 and as Chairman from 1995 to 2013. He led the company through its strategic transformation from an integrated oil company into a focused global independent exploration and production company.
"We are excited to welcome John Hess to Chevron's Board," said Mike Wirth, Chevron's Chairman and CEO. "John not only built a great company, he is a highly respected industry leader, and our Board will benefit from his global experience, relationships and expertise.'
'I am delighted to join Chevron's Board of Directors at such an important time for the energy industry,' said John Hess. 'I look forward to working with the Board and leadership team to advance the company's mission to meet the world's growing energy needs safely and responsibly and to create significant value for shareholders.'
Hess is a member of the Board of Directors of Goldman Sachs and the Board of Trustees at the Center for Strategic and International Studies. He previously served on the Secretary of Energy Advisory Board Quadrennial Review Task Force and as Chairman of the Board of the American Petroleum Institute. Hess is also a member of The Business Council, the Trilateral Commission and the Council on Foreign Relations. In addition, he serves on the Board of Directors of the Lincoln Center for the Performing Arts and the New York Philharmonic, and on the Board of Trustees at Mount Sinai Hospital.
Hess holds a bachelor's degree from Harvard College and an MBA from the Harvard Business School. A member of the Board of Dean's Advisors at Harvard Business School, he was also Chairman of the Harvard Business School Campaign.
Chevron is one of the world's leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of our operations and grow new businesses in renewable fuels, carbon capture and offsets, hydrogen, power generation for data centers, and emerging technologies. More information about Chevron is available at www.chevron.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
39 minutes ago
- Business Wire
AGL Investors Have Opportunity to Join agilon health, inc. Fraud Investigation with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of agilon health, inc. ('Agilon' or 'the Company') (NYSE: AGL) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Agilon announced on August 4, 2025, that President and CEO Steven Sell was stepping down immediately. The Company also withdrew its full-year 2025 financial guidance. Based on this news, shares of Agilon fell by more than 27.2% in after hours trading on the same day. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Yahoo
40 minutes ago
- Yahoo
McFarland asks voters to consider city sales tax measure for public safety, city improvement
BAKERSFIELD, Calif. (KGET) — The city of McFarland is asking voters to provide input on a suggested city sales tax measure, which will be voted upon during the special municipal election set in November. The city is asking the Kern County Board of Supervisors to consolidate a new special election with the one already scheduled in November. If approved Tuesday, the city can submit a ballot measure to the voters so they can consider an ordinance that would establish a 1% general sales tax, according to the board agenda. According to the city of McFarland's website, voters will consider the McFarland Essential City Services and Public Safety Measure during the Nov. 4 election. The measure proposes a 1% local sales tax to support city services. Kern County Fair to host admission, ride wristband flash sale on Friday These services include police patrols, emergency response, fire protection, road and pothole repair, downtown revitalization, community facility improvements, parks and senior services. The measure, if approved, is expected to generate about $1 million each year and remain in effect until ended by voters, the city said on its website. The measure would also require citizen oversight, independent audits and locally controlled funds. The McFarland City Council can use tax for general reasons if the measure is approved by at least four of the five councilmembers and the tax is approved by a majority vote during an election of the issue, the agenda said. The population of McFarland in 2020 was 14,161 and there are 5,065 registered voters in the city as of Monday. According to McFarland's adopted budget for fiscal year 2025-2026, the total general fund is projected to be $4,229,403 by June 30, 2026, with $2,749,886 of that being for capital improvement projects. The city said without an additional source of revenue, it will lack funds to repair and manage infrastructure, build a new police station and revitalize the downtown area, according to the agenda. The police station construction is expected to cost around $14 million, the city's budget report said. Other major capital projects include road reconstruction and water and sewer system improvements, which are estimated to cost $16.7 million and $58.9 million, respectively. The agenda also said the measure will allow the city to provide police services like quick responses to 9-1-1 emergencies, neighborhood patrols, crime prevention, investigations and more. Never miss a story: Make your homepage The deadline for the public to submit arguments for or against the tax measure is Wednesday, Aug. 6, at 4:30 p.m. Each argument should be less than 300 words and include the printed name and signature of the author(s), according to city officials. Arguments can be submitted to the McFarland City Clerk's Office, located at 401 West Kern Ave in McFarland. Changes or withdrawals for the arguments are allowed until the deadline. Rebuttal arguments must be less than 250 words and submitted within 10 calendar days after the final date for submitting direct arguments. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
an hour ago
- Yahoo
Big-Box Battle: Should You Stock Up on Costco or BJ's?
Key Points Warehouse clubs like Costco and BJ's are thriving as shoppers seek value in a shaky economy. Costco offers global scale and steady performance, while BJ's is gaining ground with digital growth and expansion. Investors must weigh BJ's growth potential against Costco's proven consistency, or decide to put both in their portfolio's shopping cart. 10 stocks we like better than Costco Wholesale › In today's tightening economy, value (or, at least, the perception of value) reigns supreme among average shoppers. With inflation concerns becoming stronger and whispers of a recession lingering, warehouse clubs are not just thriving, they're stacking profits higher than a pallet of paper towels. Whether you're a family stretching every dollar or an investor looking for upside in retail stocks, Costco (NASDAQ: COST) and BJ's Wholesale Club (NYSE: BJ) are both compelling plays. But they're not created equal. One is a proven juggernaut, while the other is a nimble challenger with momentum. The recession playbook: value and volume Warehouse clubs thrive when consumers start counting pennies. Though it may seem counterintuitive to spend more money upfront, shoppers turn to warehouse clubs in tough times because bulk deals offer a sense of value and stability. When budgets get tight, consumers swap avocado toast for 10-pound bags of rice. Shoppers make the Costco versus BJ's decision based on different priorities. Some gravitate to Costco for its premium private-label goods (like Kirkland), broad international reach, and reputation for quality and consistency. Others prefer BJ's for its lower membership fees, frequent promotions, and the convenience of accepting manufacturer coupons. But when it comes to choosing between them as investments, the decision is more nuanced. Costco, the veteran performer still hitting its marks Costco is the undisputed heavyweight in the warehouse space, with over 900 stores globally — 50% more than it's closest competitor, Sam's Club — and a reputation for low turnover, high renewal rates, and fanatically loyal members. It's not just anecdotal love, either, as the numbers back it up. In May, comparable store sales rose 4.3%. But the real highlight was online sales, which surged 11.6%. That may not sound earth-shattering in an era of two-day shipping, but Costco has traditionally lagged in e-commerce. Seeing double-digit digital growth is a sign that the company isn't resting on its brick-and-mortar laurels. Looking ahead, analysts expect 8% same-store sales growth for Q3, driven largely by stores outside the U.S. The company is also experiencing meaningful growth in the Asia market, with 37 stores in Japan, 20 in Korea, 14 in Taiwan, 7 in China, and more planned for the future. That international tailwind speaks to Costco's global brand power and ongoing expansion opportunities, traits that give the stock its status as a good steady, long-term bet. BJ's, the 'little guy' that's growing fast Then there's BJ's, Costco's smaller rival based mainly on the East Coast. It's gaining ground. While it operates only about a quarter of the clubs Costco does, it's growing faster in both store count and digital capabilities. Membership income is up 8%, a promising sign for a company whose long-term health depends on keeping members engaged and renewing year after year. Perhaps more impressive is BJ's digital progress. Online-influenced sales, like click-and-collect and in-app deals, jumped 35% in Q1. That's not just a flashy stat. It's an indicator that BJ's understands where the modern shopper is headed. While physical traffic still matters, digital channels increasingly influence what, when, and how customers buy. For a company playing catch-up, that kind of digital acceleration could unlock a new tier of growth. But let's not overlook the importance of store expansion, too. While BJ's is opening a similar number of locations a year to Costco, those additions represent a much larger percentage of its total store base, making every new club more impactful to the top line. A faster growth in sales at existing stores, combined with an aggressive store expansion plan creates a powerful growth cocktail, if the company can maintain it. The investor's dilemma: predictability or potential? So, how should investors choose? Both Costco and BJ's benefit from economic headwinds, but they play different roles in an investment portfolio. If you want the blue-chip, time-tested choice, it's Costco. You're paying a premium valuation, but you're getting a strong financial foundation, robust international growth, and one of the stickiest membership models in retail with a 93% renewal rate. . The stock is less likely to wow you with sudden upside, but it's also less likely to surprise you with volatility. BJ's, on the other hand, is cheaper, and not just in the aisles. The stock trades at a discount to Costco by nearly every metric. Can it keep growing memberships while maintaining quality service? Will renewal rates rise as its club footprint expands? Can it hold margins while investing in digital? Those are real risks. But for investors willing to bet on BJs, the upside could be significant. If you're looking for a reliable anchor in turbulent markets, Costco is tough to beat. But if you believe BJ's can continue narrowing the gap, it might be worth giving the underdog a shot. Either way, you won't just be shopping, you'll be stock-piling. Do the experts think Costco Wholesale is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Costco Wholesale make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,019% vs. just 178% for the S&P — that is beating the market by 841.12%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Philippa Main has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy. Big-Box Battle: Should You Stock Up on Costco or BJ's? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
