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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 2/6/24 |
Issuer: |
| Issuer CIK: 93410 |
| Issuer Name: CHEVRON CORP |
| Issuer Trading Symbol: CVX |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1354590 |
| | Owner Name: Wirth Michael K |
| Reporting Owner Address: |
| | Owner Street 1: 6001 BOLLINGER CANYON ROAD |
| | Owner Street 2: |
| | Owner City: SAN RAMON |
| | Owner State: CA |
| | Owner ZIP Code: 94583 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Officer Title: Chairman and CEO |
Aff 10b5 One: 0 |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Non-Qualified Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 152.35 |
| | Transaction Date: |
| | | Value: 2/6/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 115,100 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 2/6/34 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 115,100 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 115,100 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F2 |
| | Transaction Date: |
| | | Value: 2/6/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 28,720 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Footnote ID: F2 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 28,720 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 28,720 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | | Footnote ID: F3 |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F4 |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Footnote ID: F3 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 16,441 |
| Footnote ID: F3 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 16,441 |
| Footnote ID: F3 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: One-third of the shares subject to the option vest on February 10, 2025, February 10, 2026 and February 10, 2027, respectively. |
| Footnote - F2: Restricted stock units granted under the Chevron Corporation 2022 Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron Corporation common stock. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units. One-third of the shares subject to this award vest on February 10, 2025, February 10, 2026 and February 10, 2027, 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. |
| Footnote - F3: The reporting person previously reported the grant of 23,730 restricted stock units in Table I of a Form 4 filed on January 27, 2023. The initial award provided that one-third of the restricted stock units would vest on each of January 31, 2024, January 31, 2025 and January 31, 2026. The vesting of one-third of the award, together with 310 additional restricted stock units accrued as dividend equivalents, was reported on a Form 4 filed on February 2, 2024. The remaining restricted stock units, including 621 dividend equivalents, are now being reported in Table II. Shares issued upon vesting are subject to a two-year post-vesting holding period, which is removed upon termination of employment. |
| Footnote - F4: Each restricted stock unit is the economic equivalent of one share of Chevron Corporation common stock. |
Owner Signature: |
| Signature Name: /s/ Rose Z. Pierson, Attorney-in-Fact for Michael K. Wirth |
| Signature Date: 2/8/24 |