Sec Form 4 Filing - HESS JOHN B @ CHEVRON CORP - 2025-11-20

Insider filing report for Changes in Beneficial Ownership
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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
HESS JOHN B
2. Issuer Name and Ticker or Trading Symbol
CHEVRON CORP [ CVX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
1400 SMITH STREET
3. Date of Earliest Transaction (MM/DD/YY)
11/20/2025
(Street)
HOUSTON, TX77002
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 11/20/2025 S 220,250 D $ 150.5122 ( 1 ) 1,182,795 I By Trust ( 2 )
Common Stock 11/20/2025 S 37,441 D $ 151.3677 ( 3 ) 1,145,354 I By Trust ( 2 )
Common Stock 11/20/2025 S 17,309 D $ 152.4329 ( 4 ) 1,128,045 I By Trust ( 2 )
Common Stock 11/21/2025 S 31,076 D $ 149.4779 ( 5 ) 1,096,969 I By Trust ( 2 )
Common Stock 11/21/2025 S 226,367 D $ 150.1976 ( 6 ) 870,602 I By Trust ( 2 )
Common Stock 11/21/2025 S 17,557 D $ 150.8494 ( 7 ) 853,045 I By Trust ( 2 )
Common Stock 355,499 ( 8 ) ( 9 ) D
Common Stock 7,244,497 I By Limited Partnership ( 10 )
Common Stock 29,471 I By Family LLC ( 11 )
Common Stock 307,500 I By LLC ( 12 )
Common Stock 7,286 I By Trust ( 13 )
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HESS JOHN B
1400 SMITH STREET
HOUSTON, TX77002
X
Signatures
/s/ Rose Z. Pierson, Attorney-In-Fact for John B. Hess 11/24/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares were sold in multiple transactions at prices ranging from $150.0600 to $151.0594. 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.
( 2 )Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
( 3 )These shares were sold in multiple transactions at prices ranging from $151.0631 to $151.9700. 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.
( 4 )These shares were sold in multiple transactions at prices ranging from $152.0800 to $153.0197. 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.
( 5 )These shares were sold in multiple transactions at prices ranging from $148.7800 to $149.7750. 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.
( 6 )These shares were sold in multiple transactions at prices ranging from $149.7800 to $150.7700. 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.
( 7 )These shares were sold in multiple transactions at prices ranging from $150.7800 to $151.0100. 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.
( 8 )This number includes 76,946 shares previously indirectly owned under the Hess Corporation Employee's Savings Plan, which are now directly owned. Share totals with respect to the Hess Corporation Employees' Savings Plan are based upon unit accounting and therefore may reflect a change in units previously reported by the reporting person though no acquisition or disposition occurred.
( 9 )This number includes the acquisition of dividend equivalent accruals on stock units (14) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
( 10 )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.
( 11 )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.
( 12 )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.
( 13 )Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.

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