CHEVRON CORP — Director's Dealing 2020

Jan 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2020-01-06

Reporting Person: Wirth Michael K (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-06	Common Stock	M	33750	$73.70	Acquired	33750	Direct
2020-01-06	Common Stock	M	33750	$73.70	Acquired	67500	Direct
2020-01-06	Common Stock	S	26731	$120.9787	Disposed	40769	Direct
2020-01-06	Common Stock	S	7019	$121.4298	Disposed	33750	Direct
2020-01-06	Common Stock	S	26973	$120.9807	Disposed	6777	Direct
2020-01-06	Common Stock	S	6777	$121.4341	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-06	Non-Qualified Stock Option (Right to Buy)	$73.70	M	33750	Disposed	2020-01-27	Common Stock (33750)	Direct
2020-01-06	Non-Qualified Stock Option (Right to Buy)	$73.70	M	33750	Disposed	2020-01-27	Common Stock (33750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14318	Indirect
Common Stock	17784	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 4, 2019.

F2: These shares were sold in multiple transactions at prices ranging from $120.34 to $121.33, inclusive. The price reported in Column 4 reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4.

F3: These shares were sold in multiple transactions at prices ranging from $121.34 to $121.66, inclusive. The price reported in Column 4 reflects the weighted average sales price

F4: These shares were sold in multiple transactions at prices ranging from $120.34 to $121.33, inclusive. The price reported in Column 4 reflects the weighted average sales price.

F5: These shares were sold in multiple transactions at prices ranging from $121.34 to $121.66, inclusive. The price reported in Column 4 reflects the weighted average sales price.

F6: The reporting person owns only a 1% general partnership interest in the limited partnership. The remaining limited partnership interests are owned equally by four separate trusts for the benefit of each of the reporting person's children. The reporting person disclaims beneficial ownership of the shares held by the limited partnership except to the extent of his pecuniary interest therein.

F7: 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.