Chevron (CVX) president Andrew Walz exercises options and sells 22,200 shares

Rhea-AI Filing Summary

Chevron Corporation executive Andrew Benjamin Walz reported multiple stock option exercises and a share sale. On February 3, 2026, he exercised several non-qualified stock options, acquiring 4,100, 6,900, 7,200, and 4,000 Chevron common shares at exercise prices between $110.37 and $125.35 per share.

On the same day, he sold 22,200 Chevron common shares at a weighted-average price of $176.5338 per share, leaving 666 shares held directly. In addition, 8,799 shares are held indirectly through a 401(k) plan. The sale price reflects multiple trades within a disclosed price range.

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)
02/03/2026

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	02/03/2026		M		4,100	A	$117.24	4,766(1)	D
Common Stock	02/03/2026		M		6,900	A	$125.35	11,666	D
Common Stock	02/03/2026		M		7,200	A	$113.01	18,866	D
Common Stock	02/03/2026		M		4,000	A	$110.37	22,866	D
Common Stock	02/03/2026		S		22,200	D	$176.5338(2)	666	D
Common Stock								8,799	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)	$117.24	02/03/2026		M			4,100	(3)	01/25/2027	Common Stock	4,100	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$125.35	02/03/2026		M			6,900	(4)	01/31/2028	Common Stock	6,900	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$113.01	02/03/2026		M			7,200	(5)	01/30/2029	Common Stock	7,200	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$110.37	02/03/2026		M			4,000	(6)	01/29/2030	Common Stock	4,000	$0	6,600	D

Explanation of Responses:

1. This number is adjusted to include previously rounded fractional amounts (1 share) in connection with the settlement of the restricted stock unit award previously reported by the reporting person though no acquisition occurred.

2. This transaction was executed in multiple trades priced between $176.44 and $176.65. 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.

3. Option granted 1/25/2017. One-third of the shares subject to the option vested on January 31, 2018, January 31, 2019 and January 31, 2020, respectively.

4. Option granted 1/31/2018. One-third of the shares subject to the option vested on January 31, 2019, January 31, 2020 and January 31, 2021, respectively.

5. Option granted 1/30/2019. One-third of the shares subject to the option vested on January 31, 2020, January 31, 2021 and January 31, 2022, respectively.

6. 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.

	/s/ Rose Z. Pierson, Attorney-in-Fact for Andrew Benjamin Walz	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Chevron (CVX) executive Andrew Walz report on February 3, 2026?

Andrew Benjamin Walz reported exercising multiple Chevron stock options and selling shares on February 3, 2026. He exercised options into blocks of 4,100, 6,900, 7,200, and 4,000 shares, then sold 22,200 common shares in market transactions at a disclosed weighted-average price.

How many Chevron (CVX) shares did Andrew Walz sell and at what price?

Andrew Walz sold 22,200 Chevron common shares at a weighted-average price of $176.5338 per share. The filing states the sale occurred in multiple trades between $176.44 and $176.65, with full trade-by-trade detail available on request to specified parties.

What stock options did Andrew Walz exercise in this Chevron (CVX) Form 4 filing?

Walz exercised several non-qualified stock options for Chevron common stock on February 3, 2026. These options covered 4,100, 6,900, 7,200, and 4,000 shares, originally granted between 2017 and 2020, with exercise prices ranging from $110.37 to $125.35 per share.

How many Chevron (CVX) shares does Andrew Walz hold directly after these transactions?

Following the reported transactions, Andrew Walz directly beneficially owns 666 Chevron common shares. This direct holding figure is shown after the 22,200-share sale and the related stock option exercises disclosed for February 3, 2026.

Does Andrew Walz hold any Chevron (CVX) shares indirectly through a retirement plan?

Yes. The filing shows 8,799 Chevron common shares held indirectly for Andrew Walz by a 401(k) plan. This position is listed separately from his directly held shares and is categorized as indirect beneficial ownership in the reported holdings table.

What price range is disclosed for Andrew Walz’s Chevron (CVX) share sale on February 3, 2026?

The sale was executed in multiple trades priced between $176.44 and $176.65 per Chevron share. The Form 4 notes that the weighted-average sale price was $176.5338 and commits to providing full trade details upon request to regulators or security holders.