---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-25-002041"
form_type: "8-K"
ticker: "CVX"
cik: "0000093410"
company_name: "CHEVRON CORP"
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-18T00:00:58.114237+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Chevron appoints John B. Hess to board; post-merger MOU for Hess toy truck, aircraft, trademarks transfer

## Summary
- John B. Hess appointed to Chevron Board, effective July 28; will join Public Policy and Sustainability Committee.
- Chevron and HFO agree to transfer Hess Toy Truck business to HFO by April 2026 at appraised value.
- Aircraft lease interest to transfer by Oct 2025; termination fee expected $5-10M beyond $25-30M fair market value.
- Hess trademarks to be assigned to HFO 90 days post-close; Chevron gets perpetual oil & gas license.
- Transition services: IT support ~$50K/month, office space $50K/month, employee costs ~$255K/month through 2027.

## SEC filing metadata
- accession: 0000950142-25-002041
- form_type: 8-K
- ticker: CVX
- cik: 0000093410
- company_name: CHEVRON CORP
- filed_at: 2025-07-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93410/000095014225002041/0000950142-25-002041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93410/000095014225002041/eh250658639_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-002041
- JSON: https://secwatch.observer/filing/0000950142-25-002041.json
- Plain text: https://secwatch.observer/filing/0000950142-25-002041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.