R. Hewitt Pate - May 17, 2021 Form 4 Insider Report for CHEVRON CORP (CVX)

Role: VP and General Counsel
Signature: /s/ Christine L. Cavallo, Attorney-in-Fact for R. Hewitt Pate
Stock symbol: CVX
Transactions as of: May 17, 2021
Transactions value $: -$1,234,385
Form type: 4
Date filed: 5/19/2021, 04:20 PM
Next filing: Nov 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVX	Common Stock	Options Exercise	$3.8M	+45.7K		$83.29	45.7K	May 17, 2021	Direct
transaction	CVX	Common Stock	Sale	-$5.04M	-45.7K	-100%	$110.33	0	May 17, 2021	Direct	F1
holding	CVX	Common Stock						6.2K	May 17, 2021	By 401(k) plan	F2
holding	CVX	Common Stock						12.6K	May 17, 2021	By Pate Family Trust
holding	CVX	Common Stock						4.53K	May 17, 2021	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	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-45.7K	-25%	$0.00	137K	May 17, 2021	Common Stock	45.7K	$83.29	Direct	F4

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

Explanation of Responses:

Id	Content
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.