CHEVRON CORP — Director's Dealing 2014

Dec 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2014-12-06

Reporting Person: Pate R. Hewitt (VP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-06	Common Stock	M	7385	—	Acquired	29553	Direct
2014-12-06	Common Stock	D	7385	$110.87	Disposed	22168	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-06	Phantom Stock Units	$0	M	7385	Disposed		Common Stock (7385)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2309	Indirect

Footnotes

F1: Each phantom stock unit is the economic equivalent of one share of Chevron Corporation common stock. The phantom stock units are payable in cash upon vesting. On December 6, 2014, thirty percent of the reporting person's original grant (plus the accrued dividend equivalents) vested and were settled in cash. Thirty percent of the original grant (plus accrued dividend equivalents) will vest on December 6, 2016 and 40 percent of the original grant (plus accrued dividend equivalents) will vest on December 6, 2018.

F2: Between August 4, 2011 and December 6, 2014, the reporting person acquired 1,190 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F3: This number includes dividend equivalent accruals that vested on December 6, 2014 (635 shares).

F4: This number includes dividend equivalent accruals (1,483 shares).