CHEVRON CORP — Director's Dealing 2015

Apr 9, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2015-04-01

Reporting Person: Ourada Jeanette L (Vice Pres. and Comptroller)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	535	Direct
Common Stock	2717	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (Right to Buy)	$74.08	2017-03-28	Common Stock (7000)		Direct
Stock Appreciation Right	$84.96	2018-03-26	Common Stock (6200)		Direct
Non-Qualified Stock Option (Right to Buy)	$69.70	2019-03-25	Common Stock (7200)		Direct
Non-Qualified Stock Option (Right to Buy)	$73.70	2020-01-27	Common Stock (12500)		Direct
Non-Qualified Stock Option (Right to Buy)	$94.64	2021-01-26	Common Stock (11500)		Direct
Non-Qualified Stock Option (Right to Buy)	$107.73	2022-01-25	Common Stock (9400)		Direct
Non-Qualified Stock Option (Right to Buy)	$116.45	2023-01-30	Common Stock (15500)		Direct
Non-Qualified Stock Option (Right to Buy)	$116.00	2024-01-29	Common Stock (13000)		Direct
Non-Qualified Stock Option (Right to Buy)	$103.71	2025-01-28	Common Stock (25400)		Direct
Phantom Stock	$		Common Stock (1358)		Direct
Phantom Stock Units	$		Common Stock (512)		Indirect
Phantom Stock Units	$		Common Stock (2280)		Direct

Footnotes

F1: This number represents the reporting person's shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F2: Option granted 3/28/2007. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.

F3: Stock Appreciation Rights (SARs) granted 3/26/2008. Each SAR is a right to receive cash equal to the appreciation in the value of Chevron Corporation common stock from the grant date to the date the SAR is exercised. One-third of the SARs vested on each of the first, second and third anniversaries of the date of grant.

F4: Option granted 3/25/2009. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.

F5: Option granted 1/27/2010. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.

F6: Option granted 1/26/2011. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.

F7: Option granted 1/25/2012. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.

F8: Option granted 1/30/2013. One-third of the shares subject to the option vested on each of the first and second anniversaries of the date of grant. The balance of the shares vests on the third anniversary of the date of grant.

F9: Option granted 1/29/2014. One-third of the shares subject to the option vested on the first anniversary of the date of grant. The balance of the shares vests each of the second and third anniversaries of the date of grant.

F10: Option granted 1/28/2015. One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.

F11: The shares of phantom stock issued under the Chevron Deferred Compensation Plan for Management Employees II become payable in common stock upon the reporting person's termination of service.

F12: 1-for-1.

F13: Each phantom stock unit is the economic equivalent of one share of Chevron Corporation common stock. The phantom stock units, which are issued under the Chevron ESIP-RP, are payable in cash upon the reporting person's retirement or other termination of service.

F14: Phantom stock units granted under the Chevron Corporation Long-Term Incentive Plan. 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 January 28, 2018.