CHEVRON CORP — Director's Dealing 2022

Jan 28, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2022-01-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-27	Common Stock	M	65000	$116.00	Acquired	65000	Direct
2022-01-27	Common Stock	S	65000	$135.001	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-26	Non-Qualified Stock Option (Right to Buy)	$132.69	A	43100	Acquired	2032-01-26	Common Stock (43100)	Direct
2022-01-26	Restricted Stock Units	$0	A	7650	Acquired		Common Stock (7650)	Direct
2022-01-27	Non-Qualified Stock Option (Right to Buy)	$116.00	M	65000	Disposed	2024-01-29	Common Stock (65000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6528	Indirect
Common Stock	12602	Indirect
Common Stock	4532	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 May 26, 2021.

F2: This transaction was executed in multiple trades at prices ranging from $135.00 to $135.02. The price reported above reflects the weighted-average sale 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.

F3: Between January 21, 2022 and January 27, 2022, the reporting person acquired 46 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F4: 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.

F5: One-third of the shares subject to the option vest on January 31, 2023, January 31, 2024 and January 31, 2025, respectively.

F6: Restricted stock units granted under the Chevron Corporation Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron Corporation common stock. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units and are payable in cash upon vesting on January 31, 2027.

F7: Option granted 1/29/2014. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.