2018 Guide to Effective Proxies

6 TH EDITION | GUIDE TO EFFECTIVE PROXIES 126 CHEVRON CORPORATION ELECTIONOFDIRECTORS Nominees for Director Forthe2018AnnualMeeting,theCommitteerecommended,andtheBoardconcurredwith,aBoardsizeof10Directors.Eachofthe DirectornomineesisacurrentDirector. Your Board recommends that you vote FOR each of these Director nominees. Wanda M. Austin RetiredPresidentandChiefExecutive Officer,TheAerospaceCorporation Age: 63 DirectorSince: December2016 Independent: Yes ChevronCommittees: • BoardNominatingandGovernance • PublicPolicy CurrentPublicCompanyDirectorships: • AmgenInc. PriorPublicCompanyDirectorships (withinlastfiveyears): • None OtherDirectorshipsandMemberships: • HoratioAlgerAssociation • NationalAcademyofEngineering • UniversityofSouthernCalifornia Dr . Austin hasheldanadjunctResearchProfessorappointmentattheUniversityofSouthernCalifornia’sViterbiSchool’sDepartmentof IndustrialandSystemsEngineeringsince2007.SheservedasPresidentandChiefExecutiveOfficerofTheAerospaceCorporation,a leadingarchitectfortheUnitedStates’nationalsecurityspaceprograms,from2008untilherretirementin2016.From2004to2007, shewasSeniorVicePresident,NationalSystemsGroup,atAerospace.Dr.AustinjoinedAerospacein1979. SkillsandQualifications Business Leadership / Operations: Eight years as CEO of The Aerospace Corporation. Thirty-seven-year career with The Aerospace Corporation included numerous senior management and executive positions. Established MakingSpace, Inc., a leadership and STEM (science,technology,engineering,andmath)consultingfirm,inDecember2017. Finance: More than a decade of financial responsibility and experience at The Aerospace Corporation. Audit Committee member at AmgenInc. Global Business / International Affairs: Internationally recognized for her work in satellite and payload system acquisition, systems engineering, and system simulation. Former CEO of a company that provides space systems expertise to international organizations. Directorofcompanieswithinternationaloperations. Government/Regulatory/PublicPolicy: ServedonPresident’sCouncilofAdvisorsonScienceandTechnologyandPresident’sReview ofU.S.HumanSpaceFlightPlansCommittee.AppointedtotheDefenseScienceBoardandtheNASAAdvisoryCouncil. Research/Academia: ResearchProfessorattheUniversityofSouthernCalifornia’sViterbiSchoolofEngineering. Science/Technology/Engineering: Ph.D.inIndustrialandSystemsEngineeringfromtheUniversityofSouthernCalifornia,Masterof ScienceinbothSystemsEngineeringandMathematicsfromtheUniversityofPittsburgh.Thirty-seven-yearcareerinnationalsecurity spaceprograms.DirectoratAmgenInc.,abiotechnologycompany.FellowoftheAmericanInstituteofAeronauticsandAstronautics. ChevronCorporation—2018ProxyStatement 5 Total of 10 pages in section DEVON ENERGY CORPORATION AGENDA ITEM 1. ELECTION OF DIRECTORS (cont’d) Director Nominees Experience and Qualifications Barbara M. Baumann is a former BP Amoco executive who currently serves as president and owner of Cross Creek Energy Corporation, an energy advisory firm with investments in the domestic oil and gas business. Prior to founding her own firm in 2003, Baumann was Executive Vice President of Associated Energy Managers, a private equity firm investing in small energy companies. Ms. Baumann began her 18-year career with Amoco (later BP Amoco) in 1981. She served in various areas of finance and operations, including Chief Financial Officer of Ecova Corporation, Amoco’s wholly-owned environmental remediation business, and Vice President of Amoco’s San Juan Basin business unit. She brings to the Board her extensive knowledge of the energy industry and her experience as an accomplished leader and business professional. Education Ms. Baumann earned a bachelor’s degree from Mount Holyoke College and a master’s in business administration from the Wharton School of the University of Pennsylvania. Other Boards and Appointments Ms. Baumann is a director of Buckeye Partners, L.P. where she serves on the audit committee and the compensation committee. Ms. Baumann is also a member of the independent board of trustees of Putnam Mutual Funds. She is a director of privately held Hat Creek Energy Corporation where she chairs the compensation committee and serves on the audit committee. She previously served on the boards of Cody Resources Management, LLC, CVR Energy, SM Energy, and UNS Energy. BarbaraM.Baumann Directorsince2014 Age62 Committees: • Audit • Governance 9 Commitment Runs Deep Total of 10 pages in section DOMINION ENERGY ITEM 1 — ELECTION OF DIRECTORS OurBoardofDirectorshasnominated12directorsforelectionatthe2018AnnualMeetingtoholdofficeuntilthenextannual meetingoruntiltheirsuccessorshavebeendulyelectedorappointedandqualified.Allofthenomineesarecurrentlydirectorsand wereelectedbyshareholdersatthe2017AnnualMeeting.Eachnomineehasagreedtobenamedinthisproxystatementandto serveasdirectorforanotherterm,ifelected. Allofourdirectorsareelectedannuallybyamajorityofvotescastunlessthereisacontestedelection,inwhichcasetheelectionis bypluralityvote.Inanuncontestedelection,adirectorwhodoesnotreceiveamajorityofvotescastwillsubmitaletterof resignationpromptlytotheBoard.UponadvicefromourCGNCommittee,theBoardwilldetermine,within90daysfollowing certificationoftheresults,whetherornottoacceptsuchresignation. OurBoardselectedthe12nomineesbasedontheirdiversemixofskills,experiencesandperspectives.Theyareabletoprovide qualityadviceandcounseltoDominionEnergy’smanagementandtoeffectivelyoverseethebusinessandlong-terminterestsof shareholders.ThesenomineesbringtotheBoardawidearrayofbusinessandprofessionalskills,aswellasindustryexpertise.They arecollegial,thoughtful,responsibleandintelligentleaderswhoarealsodiverseintermsofage,gender,ethnicity,professional experienceandgeographiclocation.Manyofthenomineesserveorhaveservedonotherpubliccompanyboards,enablingour Boardtoquicklyadoptbestpracticesimplementedatothercompaniesandpromotinginformedandeffectivegovernance. InformationabouteachdirectornomineeispresentedbelowincludingspecifickeyexperienceandqualificationsthatledtheCGN CommitteeandourBoardtonominatehimorhertoserveasdirector.Since2012,theBoardhasaddedfivenewdirectors,bringing industryexperience,insights,newperspectivesanddiversitythatcomplementtheattributes,skillsandexperienceofthecurrent Boardmembersatthetimeofeachofthoseelections. WilliamP.Barr DirectorSince: 2009 BoardCommittee: CGN(Chair) OtherCurrentPublic Board: TimeWarnerInc. Mr.BarrhasservedasOfCounselatKirkland&EllisLLP(Kirkland)sinceMarch2017andservedasan attorneyatKirklandfromJanuary2009toJuly2009andasExecutiveVicePresidentandGeneralCounsel ofVerizonCommunicationsInc.from2000to2008.Hepreviouslyservedasthe77thAttorneyGeneralof theUnitedStatesfrom1991to1993beforejoiningShaw,Pittman,Potts&Trowbridge(nowPillsbury WinthropShawPittmanLLP)from1993to1994asapartner,followedbyGTECorporationasExecutive VicePresidentandGeneralCounselfrom1994to2000.Mr.BarrisadirectorofTimeWarnerInc.He previouslyservedasadirectorofHolcimUSandAggregateIndustriesManagement,Inc.(2008to2013), Och-ZiffCapitalManagementGroup(2016toJanuary2018)andSelectedFunds(1994to2016)andasa trusteeforClipperFund(2014to2016).Mr.BarrreceivedBachelorofArtsandMasterofArtsdegrees fromColumbiaUniversityandaJurisDoctordegreefromGeorgeWashingtonUniversity. KeyExperienceandQualifications • Extensivelegal,regulatoryandgovernmentalexpertiseasaformerAttorneyGeneralofthe UnitedStates. • Leadership,corporategovernanceandriskmanagementexperienceacquiredthroughservingas generalcounseltolargepubliccompaniesandtheirboardsofdirectors. • Mergers,acquisitionsanddivestituresexperience. 6 DominionEnergy 2018ProxyStatement Total of 07 pages in section DONNELLEY FINANCIAL SOLUTIONS Proposals 1. Election of Directors OnOctober1,2016,theCompanybecameanindependentpubliccompanyasaresultofthespin-offoftheCompany,ortheSpin, fromRRDonnelley&SonsCompany,orRRD.InconnectionwiththeSpin,itwasdeterminedthatourCertificateofIncorporation wouldprovideforaclassifiedBoardconsistingofthreeclassesofdirectors.ClassIdirectorsserveduntilthefirstannualmeetingof stockholdersfollowingtheSpin.ClassIIdirectorsandClassIIIdirectors,whichtogetherwithClassIdirectorsarereferredtoasthe InitialDirectors,serveuntilthesecondandthethirdannualmeetingofstockholdersfollowingtheSpin,respectively.Followingthe expirationoftheinitialtermsoftheInitialDirectors,ourstockholderswillelectsuccessordirectorstoserveuntilthenextannual meetingofstockholdersanduntilasuccessoriselectedandqualified,oruntilsuchdirector’searlierresignation,removal,ordeath. OurCertificateofIncorporationprovidesthatourBoardfullydeclassifiesupontheexpirationofthetermsofourClassIIIdirectors. Ourby-laws,ortheBy-laws,providethatdirectorsareelectedtotheBoardbyamajorityofthevotescast,exceptincontested elections,whereindirectorsareelectedtotheBoardbyapluralityofthevotescast. Thefollowingpersons(whichincludetheInitialClassIIdirectors)arenominatedforelectionasdirectoroftheCompanytoserve untilthenextannualmeetingofstockholdersanduntilasuccessoriselectedandqualified,oruntilsuchdirector’searlier resignation,removal,ordeath.ThefollowinginformationaboutthebusinessbackgroundofeachpersonnominatedbytheBoard hasbeenfurnishedtotheCompanybythenomineesfordirector.Thenamesofthenominees,alongwiththeirpresentpositions, theirprincipaloccupations,currentdirectorshipsheldwithotherpubliccorporations,aswellasdirectorshipsduringthepastfive years,theiragesandtheyearfirstelectedasadirector,aresetforthbelow.Certainindividualqualifications,experiencesandskills ofourdirectorsthatcontributetotheBoard’seffectivenessasawholearealsodescribedbelow. The Board recommends the stockholders vote FOR each of our nominees. DIRECTORSANNUALLYELECTED DANIELN.LEIB Age: 51 CurrentDirectorships: Trustee,WilliamBlairMutual Funds FormerDirectorships: None DirectorSince: 2016 Qualifications: TheBoardofDirectorsbelievesitisimportantfortheCompany’schief executiveofficertoserveasamemberoftheBoard,astheCEOisinaunique positiontounderstandthechallengesandissuesfacingtheCompany.Mr.Leib’s manyyearsofleadershipexperiencethroughouthiscareerinfinanceandother corporatestrategypositionsprovideshimwithawellroundedbackgroundtocontribute toboarddialogueanddecision-making. ChiefExecutiveOfficersinceOctober2016.Priortothis,Mr.LeibservedasRRD’sExecutiveVicePresidentandChief FinancialOfficerfromMay2011throughSeptember2016.Priortothis,heservedasGroupChiefFinancialOfficerand SeniorVicePresident,MergersandAcquisitionssinceAugust2009andTreasurerfromJune2008toFebruary2010. Mr.LeibservedasRRD’sSeniorVicePresident,Treasurer,MergersandAcquisitionsandinvestorrelationssinceJuly 2007.Priortothis,fromMay2004to2007,Mr.Leibservedinvariouscapacitiesinfinancialmanagement,corporate strategyandinvestorrelationswithRRD. 2018ProxyStatement 1 Total of 05 pages in section

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