Mark Nelson

Vice Chairman & Executive Vice President of Oil, Products and Gas, Chevron Corporation

Search every verified Mark Nelson interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. At Chevron’s November 2025 Investor Day, Nelson stated that the company’s projected greater-than-10% free cash flow growth is “front-end loaded,” citing contributions from Hess assets, Tengizchevroil (TCO) production exceeding one million barrels, and Permian output at similar levels. He described the company’s LNG strategy as anchored by low-cost Australian assets and a new 20-year offtake agreement from the U.S. Gulf Coast, which he said provides “options for margin and spatial high-grading.” Nelson also discussed exploration plans, noting a roughly 50% increase in investment to 16–20 wells per year, and said the company is applying advanced chemical treatments to all new Permian wells to improve recovery rates. In earlier 2025 appearances, Nelson said oil demand remains strong globally and described the Hess acquisition as a deal Chevron did not need but pursued because it was “so good for both companies.” He called for a “balanced conversation” about energy that addresses the economy, climate, and security, and said artificial intelligence could help the industry become more efficient and lower-carbon. Nelson also stated that Chevron does not participate in presidential elections but provides policy recommendations to administrations.