CHEVRON CORP — Director's Dealing 2016

May 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2016-05-25

Reporting Person: DENHAM ROBERT E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-25	Common Stock	A	2245	—	Acquired	45553	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-25	Non-Qualified Stock Option (Right to Buy)	$101.77	A	13032	Acquired	2026-05-25	Common Stock (13032)	Direct

Footnotes

F1: This number represents stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

F2: This number includes the acquisition of dividend equivalent accruals on stock units and the acquisition of stock resulting from the reinvestment of dividends on restricted stock (1,698 shares) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

F3: Stock option granted in lieu of the annual cash retainer at the Director's election.

F4: The option vests as follows: 50 percent on November 25, 2016 and the remaining 50 percent on the earlier of the last day of the Annual Compensation Cycle to which the grant relates or May 25, 2017.