Jeff B. Gustavson

President, New Energies

Jeff Gustavson, 53, is Vice President of Lower Carbon Energies for Chevron Corporation, and president, Chevron New Energies, positions he assumed in August 2021. In these roles, he is focused on lower carbon solutions that have the potential to scale, including commercialization opportunities in hydrogen, power, carbon capture, offsets, and support of ongoing growth in biofuels. Gustavson also oversees Chevron’s enterprise AI efforts focused on value creation, operational excellence, cost efficiency, and driving AI innovation across the company.

From February 2018 to July 2021, Gustavson served as the vice president of Chevron North America Exploration and Production Company overseeing its Mid-Continent Business Unit, which manages a large resource base of oil and liquids-rich assets in the mid-continent United States, including Chevron’s significant Permian assets in Texas and New Mexico. Gustavson has also served as president of Chevron Canada Limited, where he was responsible for upstream interests in Canada.

Gustavson joined Chevron and its subsidiaries in 1999 and has held positions in Finance, Mergers & Acquisitions, Corporate Strategic Planning, Supply and Trading, Investor Relations and Upstream, with numerous assignments in the United States, as well as Canada, the United Kingdom, and Venezuela.

He serves on the external advisory board for the College of Engineering at the University of Colorado and on the McCombs School of Business Advisory Council at the University of Texas at Austin. He is also a member of the board of directors for the Chevron Employee Political Action Committee, the Arizona Cardinals Foundation, and the Board of Trustees for the Houston Museum of Natural Science.

Gustavson received bachelor’s degrees in both economics and international affairs from the University of Colorado at Boulder in 1994 and a master’s degree in business administration from the University of Texas at Austin in 1999.