=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-03
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: CHEVRON CORP (CVX)
CIK: 0000093410
--- Reporting Owner ---
Name: HESS JOHN B
CIK: 0001087997
Role: Director
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-08-03 | Code: S (Open market sale)
Shares: -55,510 | Price: $194.07
Total Value: $10,772,842.35
Shares Owned After: 222,535 | Ownership: I (Indirect) | Nature: By Trust
Footnotes:
[F1] These shares were sold in multiple transactions at prices ranging from $193.30 to $194.2999, inclusive. The price reported in Column 4 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 ranges set forth in footnotes (1), (3), and (9) through (14) to this Form 4.
[F2] Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
[Transaction #2]
Security: Common Stock
Date: 2026-08-03 | Code: S (Open market sale)
Shares: -44,490 | Price: $194.50
Total Value: $8,653,189.33
Shares Owned After: 178,045 | Ownership: I (Indirect) | Nature: By Trust
Footnotes:
[F3] These shares were sold in multiple transactions at prices ranging from $194.30 to $195.01, inclusive. The price reported in Column 4 reflects the weighted average sale price.
[F2] Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
[Transaction #3]
Security: Common Stock
Date: 2026-08-03 | Code: J (Other acquisition/disposition)
Shares: -2,244,497 | Price: $0.00
Shares Owned After: 5,000,000 | Ownership: I (Indirect) | Nature: By Limited Partnership
Footnotes:
[F4] Reflects a pro rata distribution for no consideration, from a limited partnership referred to in footnote (5). As to 457,006 shares, this transaction represents a change only in form of beneficial ownership. The remaining shares were distributed to partners as to which the reporting person has no reporting obligations.
[F5] Shares are held by a limited partnership of which the reporting person is a limited partner and serves on the management committee of the general partner of the limited partnership.
[Transaction #4]
Security: Common Stock
Date: 2026-08-03 | Code: J (Other acquisition/disposition)
Shares: +9,118 | Price: $0.00
Shares Owned After: 16,404 | Ownership: I (Indirect) | Nature: By GST Trust
Footnotes:
[F4] Reflects a pro rata distribution for no consideration, from a limited partnership referred to in footnote (5). As to 457,006 shares, this transaction represents a change only in form of beneficial ownership. The remaining shares were distributed to partners as to which the reporting person has no reporting obligations.
[F6] Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
[Transaction #5]
Security: Common Stock
Date: 2026-08-03 | Code: J (Other acquisition/disposition)
Shares: +439,786 | Price: $0.00
Shares Owned After: 439,786 | Ownership: I (Indirect) | Nature: By Family Trust
Footnotes:
[F4] Reflects a pro rata distribution for no consideration, from a limited partnership referred to in footnote (5). As to 457,006 shares, this transaction represents a change only in form of beneficial ownership. The remaining shares were distributed to partners as to which the reporting person has no reporting obligations.
[F7] Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
[Transaction #6]
Security: Common Stock
Date: 2026-08-03 | Code: J (Other acquisition/disposition)
Shares: +8,102 | Price: $0.00
Shares Owned After: 365,014 | Ownership: D (Direct)
Footnotes:
[F4] Reflects a pro rata distribution for no consideration, from a limited partnership referred to in footnote (5). As to 457,006 shares, this transaction represents a change only in form of beneficial ownership. The remaining shares were distributed to partners as to which the reporting person has no reporting obligations.
[F8] This number includes the acquisition of dividend equivalent accruals on stock units (12) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
[Transaction #7]
Security: Common Stock
Date: 2026-08-03 | Code: M (Exercise of derivative)
Shares: +170,077 | Price: $55.36
Total Value: $9,415,462.72
Shares Owned After: 535,091 | Ownership: D (Direct)
[Transaction #8]
Security: Common Stock
Date: 2026-08-03 | Code: M (Exercise of derivative)
Shares: +243,706 | Price: $48.51
Total Value: $11,822,178.06
Shares Owned After: 778,797 | Ownership: D (Direct)
[Transaction #9]
Security: Common Stock
Date: 2026-08-03 | Code: M (Exercise of derivative)
Shares: +117,498 | Price: $73.21
Total Value: $8,602,028.58
Shares Owned After: 896,295 | Ownership: D (Direct)
[Transaction #10]
Security: Common Stock
Date: 2026-08-03 | Code: M (Exercise of derivative)
Shares: +103,771 | Price: $98.71
Total Value: $10,243,235.41
Shares Owned After: 1,000,066 | Ownership: D (Direct)
[Transaction #11]
Security: Common Stock
Date: 2026-08-03 | Code: M (Exercise of derivative)
Shares: +74,310 | Price: $138.10
Total Value: $10,262,211.00
Shares Owned After: 1,074,376 | Ownership: D (Direct)
[Transaction #12]
Security: Common Stock
Date: 2026-08-03 | Code: S (Open market sale)
Shares: -174,821 | Price: $194.42
Total Value: $33,989,065.94
Shares Owned After: 899,555 | Ownership: D (Direct)
Footnotes:
[F9] These shares were sold in multiple transactions at prices ranging from $193.87 to $194.86, inclusive. The price reported in Column 4 reflects the weighted average sale price.
[Transaction #13]
Security: Common Stock
Date: 2026-08-03 | Code: S (Open market sale)
Shares: -25,179 | Price: $195.28
Total Value: $4,916,884.62
Shares Owned After: 874,376 | Ownership: D (Direct)
Footnotes:
[F10] These shares were sold in multiple transactions at prices ranging from $194.89 to $195.68, inclusive. The price reported in Column 4 reflects the weighted average sale price.
[Transaction #14]
Security: Common Stock
Date: 2026-08-03 | Code: S (Open market sale)
Shares: -90,031 | Price: $192.75
Total Value: $17,353,349.21
Shares Owned After: 784,345 | Ownership: D (Direct)
Footnotes:
[F11] These shares were sold in multiple transactions at prices ranging from $191.98 to $192.97, inclusive. The price reported in Column 4 reflects the weighted average sale price.
[Transaction #15]
Security: Common Stock
Date: 2026-08-03 | Code: S (Open market sale)
Shares: -118,657 | Price: $193.29
Total Value: $22,935,045.41
Shares Owned After: 665,688 | Ownership: D (Direct)
Footnotes:
[F12] These shares were sold in multiple transactions at prices ranging from $192.98 to $193.9709, inclusive. The price reported in Column 4 reflects the weighted average sale price.
[Transaction #16]
Security: Common Stock
Date: 2026-08-03 | Code: S (Open market sale)
Shares: -271,946 | Price: $194.48
Total Value: $52,888,194.05
Shares Owned After: 393,742 | Ownership: D (Direct)
Footnotes:
[F13] These shares were sold in multiple transactions at prices ranging from $193.98 to $194.97, inclusive. The price reported in Column 4 reflects the weighted average sale price.
[Transaction #17]
Security: Common Stock
Date: 2026-08-03 | Code: S (Open market sale)
Shares: -30,031 | Price: $195.14
Total Value: $5,860,162.25
Shares Owned After: 363,711 | Ownership: D (Direct)
Footnotes:
[F14] These shares were sold in multiple transactions at prices ranging from $194.98 to $195.69, inclusive. The price reported in Column 4 reflects the weighted average sale price.
[F15] Total includes the sale of 1,303 shares directly held.
--- Derivative Transactions ---
[Transaction #1]
Security: Non-Qualified Stock Option (Right to Buy)
Date: 2026-08-03 | Code: M (Exercise of derivative)
Shares: -170,077 | Price: $0.00
Exercisable: N/A | Expires: 2029-03-06
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F18] Option Granted: 3/6/2019. One-third of the shares subject to the option vested on March 6, 2020, March 6, 2021, and March 6, 2022, respectively, pursuant to the Hess Equity Plans.
[Transaction #2]
Security: Non-Qualified Stock Option (Right to Buy)
Date: 2026-08-03 | Code: M (Exercise of derivative)
Shares: -243,706 | Price: $0.00
Exercisable: N/A | Expires: 2030-03-06
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F19] Option Granted: 3/6/2020. One-third of the shares subject to the option vested on March 6, 2021, March 6, 2022, and March 6, 2023, respectively, pursuant to the Hess Equity Plans.
[Transaction #3]
Security: Non-Qualified Stock Option (Right to Buy)
Date: 2026-08-03 | Code: M (Exercise of derivative)
Shares: -117,498 | Price: $0.00
Exercisable: N/A | Expires: 2031-03-06
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F20] Option Granted: 3/6/2021. One-third of the shares subject to the option vested on March 6, 2022, March 6, 2023, and March 6, 2024, respectively, pursuant to the Hess Equity Plans.
[Transaction #4]
Security: Non-Qualified Stock Option (Right to Buy)
Date: 2026-08-03 | Code: M (Exercise of derivative)
Shares: -103,771 | Price: $0.00
Exercisable: N/A | Expires: 2032-03-06
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F21] Option Granted: 3/6/2022. One-third of the shares subject to the option vested on March 6, 2023, March 6, 2024, and March 6, 2025, respectively, pursuant to the Hess Equity Plans.
[Transaction #5]
Security: Non-Qualified Stock Option (Right to Buy)
Date: 2026-08-03 | Code: M (Exercise of derivative)
Shares: -74,310 | Price: $0.00
Exercisable: N/A | Expires: 2033-03-06
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F22] Option Granted: 3/6/2023. One-third of the shares subject to the option vested on March 6, 2024, March 6, 2025, and July 18, 2025, respectively, pursuant to the Hess Equity Plans.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F16] Shares are held by a limited liability company of which the reporting person is a member and is a general partner and manager of a limited partnership that is the manager of the limited liability company.
[Holding #2]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F17] Shares are held by a limited liability company of which the reporting person and the reporting person's son are the sole members, and the reporting person is the manager.
--- Footnotes (Complete Index) ---
F1: These shares were sold in multiple transactions at prices ranging from $193.30 to $194.2999, inclusive. The price reported in Column 4 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 ranges set forth in footnotes (1), (3), and (9) through (14) to this Form 4.
F10: These shares were sold in multiple transactions at prices ranging from $194.89 to $195.68, inclusive. The price reported in Column 4 reflects the weighted average sale price.
F11: These shares were sold in multiple transactions at prices ranging from $191.98 to $192.97, inclusive. The price reported in Column 4 reflects the weighted average sale price.
F12: These shares were sold in multiple transactions at prices ranging from $192.98 to $193.9709, inclusive. The price reported in Column 4 reflects the weighted average sale price.
F13: These shares were sold in multiple transactions at prices ranging from $193.98 to $194.97, inclusive. The price reported in Column 4 reflects the weighted average sale price.
F14: These shares were sold in multiple transactions at prices ranging from $194.98 to $195.69, inclusive. The price reported in Column 4 reflects the weighted average sale price.
F15: Total includes the sale of 1,303 shares directly held.
F16: Shares are held by a limited liability company of which the reporting person is a member and is a general partner and manager of a limited partnership that is the manager of the limited liability company.
F17: Shares are held by a limited liability company of which the reporting person and the reporting person's son are the sole members, and the reporting person is the manager.
F18: Option Granted: 3/6/2019. One-third of the shares subject to the option vested on March 6, 2020, March 6, 2021, and March 6, 2022, respectively, pursuant to the Hess Equity Plans.
F19: Option Granted: 3/6/2020. One-third of the shares subject to the option vested on March 6, 2021, March 6, 2022, and March 6, 2023, respectively, pursuant to the Hess Equity Plans.
F2: Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
F20: Option Granted: 3/6/2021. One-third of the shares subject to the option vested on March 6, 2022, March 6, 2023, and March 6, 2024, respectively, pursuant to the Hess Equity Plans.
F21: Option Granted: 3/6/2022. One-third of the shares subject to the option vested on March 6, 2023, March 6, 2024, and March 6, 2025, respectively, pursuant to the Hess Equity Plans.
F22: Option Granted: 3/6/2023. One-third of the shares subject to the option vested on March 6, 2024, March 6, 2025, and July 18, 2025, respectively, pursuant to the Hess Equity Plans.
F3: These shares were sold in multiple transactions at prices ranging from $194.30 to $195.01, inclusive. The price reported in Column 4 reflects the weighted average sale price.
F4: Reflects a pro rata distribution for no consideration, from a limited partnership referred to in footnote (5). As to 457,006 shares, this transaction represents a change only in form of beneficial ownership. The remaining shares were distributed to partners as to which the reporting person has no reporting obligations.
F5: Shares are held by a limited partnership of which the reporting person is a limited partner and serves on the management committee of the general partner of the limited partnership.
F6: Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
F7: Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
F8: This number includes the acquisition of dividend equivalent accruals on stock units (12) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
F9: These shares were sold in multiple transactions at prices ranging from $193.87 to $194.86, inclusive. The price reported in Column 4 reflects the weighted average sale price.
--- Signature ---
/s/ /s/ Christine L. Cavallo, Attorney-In-Fact for John B. Hess (2026-08-05)
