Pierre R. Breber - 01 Nov 2021 Form 4 Insider Report for CHEVRON CORP (CVX)

Role: VP & Chief Financial Officer
Signature: /s/ Rose Z. Pierson, Attorney-in-Fact for Pierre R. Breber
Issuer symbol: CVX
Transactions as of: 01 Nov 2021
Net transactions value: -$141,504
Form type: 4
Filing time: 03 Nov 2021, 16:47:58 UTC
Previous filing: 31 Aug 2021
Next filing: 10 Nov 2021
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	$2,154,600	+20,000	+285714%	$107.73	20,007	01 Nov 2021	Direct	F1, F2
transaction	CVX	Common Stock	Sale	$2,296,104	-20,000	-100%	$114.81	7	01 Nov 2021	Direct	F1, F3
holding	CVX	Common Stock						18,416	01 Nov 2021	by 401(k) plan	F4
holding	CVX	Common Stock						28,321	01 Nov 2021	by Breber Family Trust	F5

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	-20,000	-54%	$0.000000	17,000	01 Nov 2021	Common Stock	20,000	$107.73	Direct	F6

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

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 19, 2021.
F2	This number includes dividend accruals (7 shares).
F3	This transaction was executed in multiple trades at prices ranging from $114.63 to $114.97. 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.
F4	Between January 21, 2021 and November 1, 2021, the reporting person acquired 1,054 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F5	Includes 686 shares previously directly owned, which are now indirectly owned by the Breber Family Trust.
F6	Option granted 1/25/2012. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.