One of the successors of John D. Rockefeller's original Standard Oil Company, Chevron Corporation (NYSE: CVX) was founded in 1879. It has grown to become one of the largest multinational oil and gas industry companies worldwide, with operations in about 200 countries. The company is ranked #13 on the Fortune Global 500 list. Chevron's two primary business divisions are upstream and downstream operations. The upstream division is involved in exploration and production of oil and natural gas, while the downstream operations cover refining, transportation and marketing. Chevron is also involved in debt financing, insurance, real estate and technology development. All of the largest individual shareholders of Chevron stock are also members of the company's board of directors.

John S. Watson

Former Chief Executive Officer and Chairman of the Board John S. Watson joined Chevron in 1980 as a financial analyst. He then held various roles within the company such as President of Chevron International Exploration. Chevron's 2017 proxy statement listed Watson's total compensation in 2016 at $24,657,491, which did not increase for the fiscal year 2017 because of his retirement. Watson is the largest individual Chevron shareholder, beneficially owning 3.9 million shares with 45,999 stock units for a total of 4.01 million shares and stock units of Chevron as of a March 2018 SEC filing. 

Watson recently retired on Feb. 1 and was replaced as chairman and CEO by former Vice Chairman and Executive Vice President Michael K. Wirth. Watson's stock holdings may change in the future. 

Robert Denham

Robert Denham has served on Chevron's board of directors since 2004 and is a member of the Audit and Management Compensation Committees. He is a partner in the law firm of Munger, Tolles & Olson LLP, and also serves on the board of directors for Fomento Económico Mexicano SAB de CV (NYSE: FMX), the New York Times Company (NYSE: NYT) and Oaktree Capital Group LLC.

Denham previously worked as general counsel and then as chairman and CEO of Salomon Inc. from 1992 until 1998. He earned his law degree at Harvard University. Denham is the second-largest individual shareholder in Chevron, with 23,209 shares of beneficially-owned stock as of a March 2018 SEC filing.

Ronald D. Sugar

The former CEO of Northrop Grumman, Ronald D. Sugar serves as the Chairman of the Board Nominating and Governance Committee for Chevron. He is a senior advisor to many businesses and organizations including Apple, Ares Management, Bain & Company, and many more. Sugar worked at Northrop Grumman as CEO from 2001 to 2010, focusing the company's efforts into the cyberspace. Sugar holds 54,709 shares of beneficially owned stock and stock units as of March 2018.

Institutional and Mutual Fund Shareholders

Institutional investors are actually the largest shareholders of the company's stock; investment management firm The Vanguard Group Inc. is the largest institutional holder of Chevron Corporation stock, with a total of 131.07 million shares as of March 2018. A Vanguard mutual fund, the Vanguard Total Stock Market Index Fund (VTSMX), is the largest mutual fund holder of Chevron shares, with 47.82 million shares as of June 2018. 

Want to learn how to invest?

Get a free 10 week email series that will teach you how to start investing.

Delivered twice a week, straight to your inbox.