Sec Form 4 Filing - JOHNSON JAMES WILLIAM @ CHEVRON CORP - 2017-08-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person JOHNSON JAMES WILLIAM 2. Issuer Name and Ticker or Trading Symbol CHEVRON CORP [ CVX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive Vice President (Last) (First) (Middle) 6001 BOLLINGER CANYON ROAD 3. Date of Earliest Transaction (MM/DD/YY) 08/01/2017 (Street) SAN RAMON, CA94583 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 08/01/2017 M 11,000 A $ 84.96 11,000 D Common Stock 08/01/2017 S 11,000 D $ 110.5933 ( 1 ) 0 D Common Stock 08/02/2017 M 20,000 A $ 84.96 20,000 D Common Stock 08/02/2017 S 20,000 D $ 110.7295 ( 2 ) 0 D Common Stock 4,603 ( 3 ) I by 401(k) plan Common Stock 11,552 ( 4 ) I by JWJ Revocable Trust Common Stock 1,000 I by Spouse Revocable Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Non-Qualified Stock Option (Right to Buy) $ 84.96 08/01/2017 M 11,000 ( 5 ) 03/26/2018 Common Stock 11,000 $ 0 20,000 D Non-Qualified Stock Option (Right to Buy) $ 84.96 08/02/2017 M 20,000 ( 5 ) 03/26/2018 Common Stock 20,000 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other JOHNSON JAMES WILLIAM 6001 BOLLINGER CANYON ROAD SAN RAMON, CA94583 Executive Vice President Signatures /s/ Christine L. Cavallo, Attorney-in-Fact for James William Johnson 08/03/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This transaction was executed in multiple trades at prices ranging from $110.52 to $110.625. 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 and prices at which the transactions were effected. ( 2 )This transaction was executed in multiple trades at prices ranging from $110.60 to $110.90. 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 and prices at which the transactions were effected. ( 3 )Between August 11, 2016 and August 1, 2017, the reporting person acquired 177 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan. ( 4 )Includes 2,055 shares previously directly owned, which are now indirectly owned by the James W. Johnson Revocable Trust. ( 5 )Option granted 3/26/2008. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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