R. Hewitt Pate - Jan 20, 2022 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
Stock symbol: CVX
Transactions as of: Jan 20, 2022
Transactions value $: -$1,808,694
Form type: 4
Date filed: 1/24/2022, 03:02 PM
Previous filing: Jan 20, 2022
Next filing: Jan 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVX	Common Stock	Options Exercise	$6.34M	+54.5K		$116.45	54.5K	Jan 20, 2022	Direct	F1
transaction	CVX	Common Stock	Options Exercise	$1.91M	+22.9K	+42.06%	$83.29	77.4K	Jan 20, 2022	Direct	F1
transaction	CVX	Common Stock	Sale	-$10.1M	-77.4K	-100%	$130.01	0	Jan 20, 2022	Direct	F1, F2
holding	CVX	Common Stock						6.48K	Jan 20, 2022	By 401(k) plan
holding	CVX	Common Stock						12.6K	Jan 20, 2022	By Pate Family Trust
holding	CVX	Common Stock						4.53K	Jan 20, 2022	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	-54.5K	-100%	$0.00^*	0	Jan 20, 2022	Common Stock	54.5K	$116.45	Direct	F4
transaction	CVX	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-22.9K	-20.06%	$0.00	91.3K	Jan 20, 2022	Common Stock	22.9K	$83.29	Direct	F5

* 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 May 26, 2021.
F2	This transaction was executed in multiple trades at prices ranging from $130.00 to $130.09. 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.
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 1/30/2013. 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 1/27/2016. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.