Chevron (NYSE: CVX) discloses president’s stock, options and RSU holdings

Rhea-AI Filing Summary

Chevron Corporation reported the equity holdings of its President, Upstream as of December 3, 2025. The executive beneficially owns 8,366 shares of Chevron common stock directly, plus 9,791 shares held through a 401(k) plan and 1 share held indirectly by a spouse, for which beneficial ownership is disclaimed.

The filing also lists multiple non-qualified stock options to buy Chevron common stock, including grants covering 19,334, 41,134, 32,500, 17,400 and 21,200 shares with exercise prices between $88.20 and $179.08, expiring from 2030 to 2035. Various restricted stock unit awards and phantom stock units are outstanding, many tied to vesting dates from 2026 through 2028, with some settling in cash and others in Chevron shares.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Neff Robert Clay JR

(Last) (First) (Middle)

1400 SMITH STREET

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/03/2025

3. Issuer Name and Ticker or Trading Symbol
CHEVRON CORP [ CVX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Upstream

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	8,366	D
Common Stock	9,791(1)	I	By 401(k) plan
Common Stock	1	I	By spouse(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy)	(3)	01/29/2030	Common Stock	19,334	$110.37	D
Non-Qualified Stock Option (Right to Buy)	(4)	01/27/2031	Common Stock	41,134	$88.2	D
Non-Qualified Stock Option (Right to Buy)	(5)	01/26/2032	Common Stock	32,500	$132.69	D
Non-Qualified Stock Option (Right to Buy)	(6)	01/25/2033	Common Stock	17,400	$179.08	D
Non-Qualified Stock Option (Right to Buy)	(7)	02/06/2034	Common Stock	21,200	$152.35	D
Non-Qualified Stock Option (Right to Buy)	(8)	02/04/2035	Common Stock	21,700	$153.22	D
Restricted Stock Units	(9)	(9)	Common Stock	10,026	(9)	D
Restricted Stock Units	(10)	(10)	Common Stock	6,443	(10)	D
Restricted Stock Units	(11)	(11)	Common Stock	1,660	(11)	D
Restricted Stock Units	(12)	(12)	Common Stock	3,814	(12)	D
Restricted Stock Units	(13)	(13)	Common Stock	5,500	(13)	D
Phantom Stock Units	(14)	(14)	Common Stock	5,038	(14)	I	Excess Benefit Plan

Explanation of Responses:

1. This number represents the reporting person's shares of Chevron Corporation common stock under the Chevron Corporation Employee Savings and Investment Plan, a 401(k) plan.

2. These securities are held by the reporting person's spouse in a custodial account. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

3. Option granted 1/29/2020. One-third of the shares subject to the option vested on January 31, 2021, January 31, 2022 and January 31, 2023, respectively.

4. Option granted 1/27/2021. One-third of the shares subject to the option vested on January 31, 2022, January 31, 2023 and January 31, 2024, respectively.

5. Option granted 1/26/2022. One-third of the shares subject to the option vested on January 31, 2023, January 31, 2024 and January 31, 2025, respectively.

6. Option granted 1/25/2023. One-third of the shares subject to the option vested on January 31, 2024, and one-third vested on January 31, 2025. The balance of the shares vests on January 31, 2026.

7. Option granted 2/6/2024. One-third of the shares subject to the option vested on February 10, 2025, and one-third of the shares will vest on February 10, 2026 and February 10, 2027, respectively.

8. Option granted 2/4/2025. One-third of the shares subject to the option will vest on February 10, 2026, February 10, 2027 and February 10, 2028, respectively.

9. Restricted stock units granted on January 27, 2021 under the Chevron Corporation 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 and are payable in cash upon vesting on January 31, 2026.

10. Restricted stock units granted on January 26, 2022 under the Chevron Corporation 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 and are payable in cash upon vesting on January 31, 2027.

11. Restricted stock units granted on January 25, 2023 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 the award vested on January 31, 2024 and January 31, 2025, respectively, and one-third of the shares subject to the award will vest on January 31, 2026, and will settle in shares of Chevron common stock on the date of vesting.

12. Restricted stock units granted on February 6, 2024 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 the award vested on February 10, 2025, and one-third of the shares subject to the award will vest on February 10, 2026, and February 10, 2027, respectively, and are payable in cash on the date of vesting.

13. Restricted stock units granted on February 4, 2025 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 the award will vest on February 10, 2026, February 10, 2027, and February 10, 2028, respectively, and are payable in cash on the date of vesting.

14. Each phantom stock unit is the economic equivalent of one share of Chevron Corporation common stock. The phantom stock units, which are issued under the Chevron ESIP-RP, are payable in cash upon the reporting person's retirement or other termination of service.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Rose Z. Pierson, Attorney-in-Fact for Robert Clay Neff, Jr.	12/08/2025
	** Signature of Reporting Person	Date
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