Jeff B. Gustavson - 31 Jan 2026 Form 4 Insider Report for CHEVRON CORP (CVX)

Role: President, New Energies
Signature: /s/ Rose Z. Pierson, Attorney-in-Fact for Jeff B. Gustavson
Issuer symbol: CVX
Transactions as of: 31 Jan 2026
Net transactions value: -$562,896
Form type: 4
Filing time: 03 Feb 2026, 19:51:56 UTC
Previous filing: 19 Dec 2025
Next filing: 12 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
GUSTAVSON JEFF B	President, New Energies	1400 SMITH STREET, HOUSTON	/s/ Rose Z. Pierson, Attorney-in-Fact for Jeff B. Gustavson	03 Feb 2026	0001960732

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVX	Common Stock	Options Exercise	$0	+2,943	+174%	$0.000000	4,637	31 Jan 2026	Direct	F1
transaction	CVX	Common Stock	Disposed to Issuer	$520,617	-2,943	-63%	$176.90	1,694	31 Jan 2026	Direct
transaction	CVX	Common Stock	Options Exercise	$0	+839	+50%	$0.000000	2,533	31 Jan 2026	Direct	F1
transaction	CVX	Common Stock	Tax liability	$42,279	-239	-9.4%	$176.90	2,294	31 Jan 2026	Direct
holding	CVX	Common Stock						3	31 Jan 2026	By 401(k) plan

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		-2,943	-100%		0	31 Jan 2026	Common Stock	2,943		Direct	F1, F2
transaction	CVX	Restricted Stock Units	Options Exercise		-839	-100%		0	31 Jan 2026	Common Stock	839		Direct	F1, F3, F4
transaction	CVX	Restricted Stock Units	Award	$0	+6,730		$0.000000	6,730	01 Feb 2026	Common Stock	6,730	$0.000000	Direct	F1, F5

* 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	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, 2026.
F3	This number includes dividend equivalents (37 shares).
F4	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, January 31, 2025 and January 31, 2026, respectively and settled 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.
F5	Restricted stock units granted 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 this award will vest on February 1, 2027, February 1, 2028 and February 1, 2029, respectively, and will 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.