CHEVRON CORP — Director's Dealing 2021

May 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2021-05-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-17	Common Stock	M	45650	$83.29	Acquired	45650	Direct
2021-05-17	Common Stock	S	45650	$110.3302	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-17	Non-Qualified Stock Option (Right to Buy)	$83.29	M	45650	Disposed	2026-01-27	Common Stock (45650)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6198	Indirect
Common Stock	12602	Indirect
Common Stock	4532	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $110.28 to $110.42. The price reported above 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 range provided.

F2: Between February 1, 2021 and May 17, 2021, the reporting person acquired 379 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F3: The reporting person disclaims beneficial ownership of the shares held by his spouse's trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the shares held by his spouse's trust for purposes of Section 16 or for any other purpose.

F4: Option granted 1/27/2016. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.