Jeff Gustavson

President, New Energies Chevron

Last Reviewed: October 1, 2026

Executive Summary

Jeff Gustavson leads Chevron New Energies, the company’s lower-carbon business, a role he has held since August 2021. His remit covers hydrogen, power, carbon capture, offsets and biofuels, and has expanded to power for data centres and Chevron’s enterprise artificial intelligence efforts. He joined Chevron in 1999 and previously ran its Mid-Continent business unit, including its Permian assets, and Chevron Canada. Chevron ranked No. 21 on the 2026 Fortune 500.

Career Highlights

• President, New Energies of Chevron since August 2021.
• Vice President, Mid-Continent Business Unit, 2018 to 2021.
• President of Chevron Canada.
• Joined Chevron in 1999.

Professional Journey

Gustavson earned bachelor’s degrees in economics and international affairs at the University of Colorado at Boulder in 1994 and an MBA at the University of Texas at Austin in 1999, the year he joined Chevron. He worked in finance, mergers and acquisitions, strategic planning, supply and trading, investor relations and upstream, with assignments in the U.S., Canada, the UK and Venezuela.

He served as President of Chevron Canada and, from February 2018, as Vice President of the Mid-Continent Business Unit. In August 2021 he became President of Chevron New Energies.

Education

University of Colorado Boulder

Bachelor’s degree, Economics

University of Colorado Boulder

Bachelor’s degree, International Affairs

University of Texas at Austin

MBA