[Form 4] CHEVRON CORP Insider Trading Activity

Chevron executive Andrew Benjamin Walz, President, DM&C, exercised stock options for a total of 11,600 shares of Chevron common stock on March 2, 2026, at exercise prices of $110.37 and $88.20 per share.

Rhea-AI Filing Summary

Chevron executive Andrew Benjamin Walz, President, DM&C, exercised stock options for a total of 11,600 shares of Chevron common stock on March 2, 2026, at exercise prices of $110.37 and $88.20 per share. He then sold 11,600 shares of common stock in open-market transactions at weighted-average prices around $188.56–$188.61, reducing his directly held common stock to zero. As of the filing, he reported 8,805 shares held indirectly through a Chevron 401(k) employee savings investment plan.

Insider Trade Summary

Exercise and Sale: 11,600 shares ($1.02M approx. pre-tax spread)

Exercise and Sale 7 txns

Insider Walz Andrew Benjamin

Role President, DM&C

Sold 11,600 shs ($2.19M)

Approx. gross sale proceeds $2.19M

Approx. exercise cost $1.17M

Approx. pre-tax spread $1.02M

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (Right to Buy)	6,600	$0.00	$0.00
Exercise	Non-Qualified Stock Option (Right to Buy)	5,000	$0.00	$0.00
Exercise	Common Stock	6,600	$110.37	$728K
Exercise	Common Stock	5,000	$88.20	$441K
Sale	Common Stock	6,600	$188.5556	$1.24M
Sale	Common Stock	5,000	$188.61	$943K
holding	Common Stock	--	--	--

Holdings After Transaction: Non-Qualified Stock Option (Right to Buy) — 4,100 contracts (Direct); Common Stock — 0 shares (Direct); Common Stock — 8,805 shares (Indirect, By 401(k) plan)

Footnotes (4)

1. F1. This transaction was executed in multiple trades at prices ranging from $188.50 to $188.64. 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 range provided.
2. F2. Between February 19, 2026 and March 2, 2026, the reporting person acquired 3 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) Plan.
3. F3. 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. F4. 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.

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Accepted by SEC EDGAR 03/04/2026 - 06:08 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Walz Andrew Benjamin

(Last) (First) (Middle)

1400 SMITH STREET

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

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)
	President, DM&C

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	03/02/2026		M		6,600	A	$110.37	6,600	D
Common Stock	03/02/2026		M		5,000	A	$88.2	11,600	D
Common Stock	03/02/2026		S		6,600	D	$188.5556(1)	5,000	D
Common Stock	03/02/2026		S		5,000	D	$188.61	0	D
Common Stock								8,805(2)	I	By 401(k) plan

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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)	$110.37	03/02/2026		M			6,600	(3)	01/29/2030	Common Stock	6,600	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$88.2	03/02/2026		M			5,000	(4)	01/27/2031	Common Stock	5,000	$0	4,100	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $188.50 to $188.64. 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 range provided.

2. Between February 19, 2026 and March 2, 2026, the reporting person acquired 3 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) Plan.

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.

	/s/ Rose Z. Pierson, Attorney-in-Fact for Andrew Benjamin Walz	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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