Chevron appoints Uriel Oseguera to head its treasury
Chevron Corporation announced a new move within its finance team, Uriel “Ose” Oseguera was chosen as the company's Treasurer and will assume the position on November 1, 2026.
In this way, the executive will succeed Navin Mahajan, who is retiring after a nearly 30-year career at Chevron. The change places a company veteran at the helm of several of its key financial functions.
Furthermore, the appointment expands the management changes recorded at Chevron during 2026; in the case of Oseguera, the company turns to an executive who has accumulated decades of internal experience and has worked in different international markets.
Uriel Oseguera will assume the role of Treasurer of Chevron
Oseguera currently serves as Vice President of Performance and Finance for the Exploration and Production business . In his new role, he will report directly to Eimear Bonner, Chevron's Chief Financial Officer.
Starting in November, the executive will be in charge of Chevron's treasury organization, and from that position he will have responsibilities related to financial management and the company's exposure to different types of risk.
The appointment also represents a planned transition within the financial area; Mahajan has held the position of Treasurer since 2019 and his departure is due to retirement.
What responsibilities will Oseguera have at Chevron?
For its part, Chevron's treasury encompasses several functions that have a direct impact on the company's finances. Oseguera will oversee activities related to capital markets, corporate finance, insurance, credit, and risk management.
These responsibilities place the Treasurer in a key position within the group's financial structure. Among other things, the department is involved in the management of financial resources and the control of various risks associated with Chevron's operations.
Furthermore, his previous experience is related to several of these functions; throughout his career, Oseguera has held positions related to finance, treasury, and planning.
More than three decades of experience within Chevron
Oseguera joined Chevron in 1990; since then, his career has included responsibilities in Venezuela, Thailand, Indonesia, Australia, and the United States.
Prior to assuming his current role in Exploration and Production, he was General Manager of Chevron's Shared Financial Services organization. This experience has allowed him to work in both corporate areas and international operations.
Regarding his education, Oseguera holds a Bachelor of Science in Business Administration from California State Polytechnic University, San Luis Obispo. He also earned an MBA from Saint Mary's College in California.
Eimear Bonner highlighted her experience in treasury, capital markets, and international leadership. The Chief Financial Officer also noted her knowledge of the company and her expertise in risk management and financial discipline.
Navin Mahajan retires after almost 30 years
Oseguera's arrival will close Navin Mahajan's time as Treasurer. Mahajan has held this position since 2019 and will leave Chevron after almost three decades with the company.
Throughout his career he held leadership roles in treasury, finance, regulatory compliance and commercial areas in various markets.
Bonner highlighted Mahajan's experience and judgment in dealing with complex situations, and also acknowledged his contribution to the financial organization during his time at Chevron.
Chevron maintains internal continuity in its management
Finally, the selection of Oseguera demonstrates a commitment to the experience accumulated within the organization itself. The future Treasurer has known Chevron for over three decades and has spent much of his career in finance.
The move also comes in 2026, a year marked by several leadership changes at the company. Chevron had previously announced other changes in senior positions related to corporate development, strategy, supply and trading, and its shale and tight operations.
However, Oseguera's appointment focuses specifically on the financial structure. Starting in November, he will be responsible for areas including corporate finance, credit, and risk management.
Thus, Chevron is preparing the transition before Mahajan's retirement and is keeping an executive who has been with the company for decades at the head of its treasury.
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