Chevron CFO Orders Staff to ‘Do Better’ After Missing 2023 Goals

Chevron Corp. Chief Financial Officer Pierre Breber rebuked employees for failing to deliver on several key performance metrics in 2023, a year in which the stock lagged Big Oil peers.

“We can — and must — do better by focusing on what we can control,” Breber said in an email to staff earlier this month seen by Bloomberg. “We’ve delivered industry-leading performance before, and we will do it again with consistent and disciplined execution.”

The Chevron El Segundo Refinery stands in El Segundo, California.

Photographer: Kyle Grillot/Bloomberg

Chevron shares have tumbled 16% this year, a steeper drop than its supermajor peers. The oil giant has faced a multitude of operational difficulties, ranging ...