COLIN E. PARFITT - 06 May 2022 Form 4 Insider Report for CHEVRON CORP (CVX)

Role: Vice President
Signature: /s/ Rose Z. Pierson, Attorney-in-Fact for Colin E. Parfitt
Issuer symbol: CVX
Transactions as of: 06 May 2022
Net transactions value: -$3,094,518
Form type: 4
Filing time: 10 May 2022, 19:10:10 UTC
Previous filing: 02 Mar 2022
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	$4,946,967	+47,700	+7088%	$103.71	48,373	06 May 2022	Direct	F1
transaction	CVX	Common Stock	Sale	$8,041,485	-47,700	-99%	$168.58	673	06 May 2022	Direct	F2
holding	CVX	Common Stock						5,170	06 May 2022	by 401(k) plan	F3
holding	CVX	Common Stock						1,880	06 May 2022	UK benefits plan

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	-47,700	-100%	$0.000000^*	0	06 May 2022	Common Stock	47,700	$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 (6 shares).
F2	This transaction was executed in multiple trades at prices ranging from $168.54 to $168.76. 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.
F3	Between March 2, 2022 and May 6, 2022, the reporting person acquired 231 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.