Pierre R. Breber - Nov 1, 2022 Form 4 Insider Report for CHEVRON CORP (CVX)

Role: VP & Chief Financial Officer
Signature: /s/ Christopher A. Butner, Attorney-in-Fact for Pierre R. Breber
Stock symbol: CVX
Transactions as of: Nov 1, 2022
Transactions value $: -$1,985,558
Form type: 4
Date filed: 11/3/2022, 04:32 PM
Previous filing: Aug 30, 2022
Next filing: Nov 30, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVX	Common Stock	Options Exercise	$2.59M	+25K	+312500%	$103.71	25K	Nov 1, 2022	Direct	F1
transaction	CVX	Common Stock	Sale	-$4.58M	-25K	-99.97%	$183.13	8	Nov 1, 2022	Direct	F2
holding	CVX	Common Stock						19.1K	Nov 1, 2022	by 401(k) plan	F3
holding	CVX	Common Stock						28.3K	Nov 1, 2022	by Breber Family Trust

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	-25K	-28.97%	$0.00	61.3K	Nov 1, 2022	Common Stock	25K	$103.71	Direct	F4

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

Explanation of Responses:

Id	Content
F1	This number includes dividend accruals (1 share).
F2	This transaction was executed in multiple trades at prices ranging from $183.08 to $183.24. 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	Between August 24, 2022 and November 1, 2022, the reporting person acquired 165 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F4	Option granted 1/28/2015. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.