CHEVRON CORP — Director's Dealing 2023

Jan 19, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2023-01-11

Reporting Person: GUSTAVSON JEFF B (Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (Right to Buy)	$103.71	2025-01-28	Common Stock (7500)		Direct
Non-Qualified Stock Option (Right to Buy)	$83.29	2026-01-27	Common Stock (18650)		Direct
Non-Qualified Stock Option (Right to Buy)	$117.24	2027-01-25	Common Stock (4850)		Direct
Non-Qualified Stock Option (Right to Buy)	$125.35	2028-01-31	Common Stock (11300)		Direct
Non-Qualified Stock Option (Right to Buy)	$113.01	2029-01-30	Common Stock (13400)		Direct
Non-Qualified Stock Option (Right to Buy)	$110.37	2030-01-29	Common Stock (15600)		Direct
Non-Qualified Stock Option (Right to Buy)	$88.20	2031-01-27	Common Stock (11934)		Direct
Non-Qualified Stock Option (Right to Buy)	$132.69	2032-01-26	Common Stock (15900)		Direct
Phantom Stock Units	$		Common Stock (1206)		Indirect
Restricted Stock Units	$		Common Stock (2038)		Direct
Restricted Stock Units	$		Common Stock (2249)		Direct
Restricted Stock Units	$		Common Stock (2278)		Direct
Restricted Stock Units	$		Common Stock (2692)		Direct
Restricted Stock Units	$		Common Stock (2926)		Direct
Restricted Stock Units	$		Common Stock (4310)		Direct

Footnotes

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

F2: Option granted 1/28/2015. 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: The Reporting Person disclaims beneficial ownership of all shares underlying these securities.

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.

F5: Option granted 1/25/2017. One-third of the shares subject to the option vested on January 31, 2018, January 31, 2019 and January 31, 2020, respectively.

F6: Option granted 1/31/2018. One-third of the shares subject to the option vested on January 31, 2019, January 31, 2020 and January 31, 2021, respectively.

F7: The Reporting Person disclaims beneficial ownership of 4,633 shares underlying these securities.

F8: Option granted 1/30/2019. One-third of the shares subject to the option vested on January 31, 2020, January 31, 2021 and January 31, 2022, respectively.

F9: The Reporting Person disclaims beneficial ownership of 2,822 shares underlying these securities.

F10: Option granted 1/29/2020. One-third of the shares subject to the option vested on January 31, 2021, and one-third of the shares vested on January 31, 2022. The balance of the shares vests on January 31, 2023.

F11: Option granted 1/27/2021. One-third of the shares subject to the option vested on January 31, 2022, and one-third of the shares subject to the option will vest on January 31, 2023 and January 31, 2024, respectively.

F12: Option granted 1/26/2022. One-third of the shares subject to the option vest on January 31, 2023, January 31, 2024 and January 31, 2025, respectively.

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: Restricted stock units granted on January 31, 2018 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, 2023.

F15: The Reporting Person disclaims beneficial ownership of 502 shares underlying these securities.

F16: Restricted stock units granted on January 30, 2019 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, 2024.

F17: The Reporting Person disclaims beneficial ownership of 365 shares underlying these securities.

F18: Restricted stock units granted on January 29, 2020 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, 2025.

F19: Restricted stock units granted on January 27, 2021 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, 2026.

F20: Restricted stock units granted on January 26, 2022 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.

F21: Restricted stock units granted on January 27, 2021 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, 2024.