R. Hewitt Pate - 31 Jan 2025 Form 4 Insider Report for CHEVRON CORP (CVX)

Role: VP and General Counsel
Signature: /s/ Rose Z. Pierson, Attorney-in-Fact for R. Hewitt Pate
Issuer symbol: CVX
Transactions as of: 31 Jan 2025
Net transactions value: -$1,326,150
Form type: 4
Filing time: 04 Feb 2025, 21:15:55 UTC
Previous filing: 19 Dec 2024
Next filing: 06 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVX	Common Stock	Options Exercise	$0	+8,158	+643%	$0.000000	9,426	31 Jan 2025	Direct	F1
transaction	CVX	Common Stock	Disposed to Issuer	$1,217,092	-8,158	-87%	$149.19	1,268	31 Jan 2025	Direct
transaction	CVX	Common Stock	Options Exercise	$0	+1,975	+156%	$0.000000	3,243	31 Jan 2025	Direct	F1
transaction	CVX	Common Stock	Tax liability	$109,058	-731	-23%	$149.19	2,512	31 Jan 2025	Direct
holding	CVX	Common Stock						8,493	31 Jan 2025	By 401(k) plan	F2
holding	CVX	Common Stock						13,264	31 Jan 2025	By Spouse Trust	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CVX	Restricted Stock Units	Options Exercise		-8,158	-100%		0	31 Jan 2025	Common Stock	8,158	$0.000000	Direct	F1, F4, F5
transaction	CVX	Restricted Stock Units	Options Exercise		-1,975	-48%		2,134	31 Jan 2025	Common Stock	1,975	$0.000000	Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit is the economic equivalent of one share of Chevron common stock.
F2	Between December 18, 2024 and January 31, 2025, the reporting person acquired 175 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	This number includes dividend equivalents (640 shares).
F5	Restricted stock units accrue dividend equivalents in the form of additional restricted stock units. The restricted stock units are payable in cash and vested on January 31, 2025.
F6	Restricted stock units granted on January 25, 2023 under the Chevron Corporation 2022 Long-Term Incentive Plan. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units. One-third of the shares subject to the award vested on January 31, 2024 and January 31, 2025, and one-third of the shares subject to the award will vest on January 31, 2026, and settle in shares of Chevron common stock on the date of vesting. Shares issued upon vesting are subject to a two-year post-vesting holding period, which is removed upon termination of employment.