Chevron director-linked trust sells 380,000 shares

CHEVRON CORP director John B. Hess reported indirect open-market sales of 380,000 shares of Common Stock on May 20, 2026 through a trust established for his benefit.

Rhea-AI Filing Summary

CHEVRON CORP director John B. Hess reported indirect open-market sales of 380,000 shares of Common Stock on May 20, 2026 through a trust established for his benefit. The reported sale prices ranged from $191.30 to $197.60 per share, with each line item showing a weighted-average sale price.

After these transactions, the trust held 278,045 shares, while other indirect holdings included 7,244,497 shares held by a limited partnership, 307,500 shares held by a limited liability company, and 29,471 shares held by a family LLC. Hess also reported 355,627 shares held directly.

Insider Trade Summary

Net Seller: 380,000 shares

Net Sell 12 txns

Insider HESS JOHN B

Role Director

Sold 380,000 shs ($73.41M)

Type	Security	Shares	Price	Value
Sale	Common Stock	117,836	$191.5195	$22.57M
Sale	Common Stock	119,787	$192.8617	$23.10M
Sale	Common Stock	59,045	$193.7872	$11.44M
Sale	Common Stock	42,678	$194.6512	$8.31M
Sale	Common Stock	7,038	$195.9655	$1.38M
Sale	Common Stock	30,581	$196.7429	$6.02M
Sale	Common Stock	3,035	$197.4498	$599K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 285,331 shares (Indirect, By Trust); Common Stock — 355,627 shares (Direct); Common Stock — 7,244,497 shares (Indirect, By Limited Partnership); Common Stock — 29,471 shares (Indirect, By Family LLC); Common Stock — 307,500 shares (Indirect, By LLC)

Footnotes (13)

1. F1. These shares were sold in multiple transactions at prices ranging from $191.30 to $192.295, inclusive. 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 ranges set forth in this footnote and in footnotes (3) through (8) to this Form 4.
2. F2. Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
3. F3. These shares were sold in multiple transactions at prices ranging from $192.30 to $193.29, inclusive. The price reported in Column 4 reflects the weighted average sale price.
4. F4. These shares were sold in multiple transactions at prices ranging from $193.30 to $194.295, inclusive. The price reported in Column 4 reflects the weighted average sale price.
5. F5. These shares were sold in multiple transactions at prices ranging from $194.30 to $195.29, inclusive. The price reported in Column 4 reflects the weighted average sale price.
6. F6. These shares were sold in multiple transactions at prices ranging from $195.30 to $196.29, inclusive. The price reported in Column 4 reflects the weighted average sale price.
7. F7. These shares were sold in multiple transactions at prices ranging from $196.30 to $197.26, inclusive. The price reported in Column 4 reflects the weighted average sale price.
8. F8. These shares were sold in multiple transactions at prices ranging from $197.31 to $197.60, inclusive. The price reported in Column 4 reflects the weighted average sale price.
9. F9. This amount has been adjusted to reflect the addition of 102 shares of common stock that were inadvertently omitted.
10. F10. 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. F11. 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. F12. 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. F13. Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.

Key Figures

Shares sold: 380,000 shares Price range: $191.30–$197.60 per share Trust holdings after sale: 278,045 shares +4 more

7 metrics

Shares sold 380,000 shares Net open-market sales reported on May 20, 2026

Price range $191.30–$197.60 per share Multiple transactions, weighted-average prices per line item

Trust holdings after sale 278,045 shares Shares held by trust established for Hess’s benefit after transactions

Limited partnership holdings 7,244,497 shares Shares held indirectly via limited partnership after reported date

LLC holdings 307,500 shares Shares held indirectly via limited liability company

Family LLC holdings 29,471 shares Shares held indirectly via family limited liability company

Direct holdings 355,627 shares Shares held directly by John B. Hess

Key Terms

weighted-average sale price, limited partnership, limited liability company, beneficiary, +1 more

5 terms

weighted-average sale price financial

"The price reported in Column 4 reflects the weighted-average sale price."

limited partnership financial

"Shares are held by a limited partnership of which the reporting person is a limited partner..."

A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.

limited liability company financial

"Shares are held by a limited liability company of which the reporting person is a member..."

A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.

beneficiary financial

"Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary."

indirect ownership financial

"Shares are held by a trust established for the benefit of the reporting person..."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did John B. Hess report for Chevron (CVX)?

John B. Hess reported indirect open-market sales of 380,000 Chevron common shares on May 20, 2026. The sales were executed through a trust established for his benefit, rather than directly in his own name.

At what prices were the Chevron (CVX) shares sold by the Hess-related trust?

The trust’s Chevron share sales occurred at prices ranging from $191.30 to $197.60 per share. Each Form 4 line reflects a weighted-average sale price derived from multiple transactions within those price ranges.

How many Chevron (CVX) shares did the Hess-related trust hold after the sales?

Following the reported sales, the trust established for John B. Hess’s benefit held 278,045 shares of Chevron common stock. This figure represents the trust’s remaining position as reported in the Form 4 after the May 20, 2026 transactions.

What other indirect Chevron (CVX) holdings are associated with John B. Hess?

Beyond the trust, Hess reported indirect Chevron holdings of 7,244,497 shares via a limited partnership, 307,500 shares via a limited liability company, and 29,471 shares via a family LLC, each reported as separate ownership entries.

Does John B. Hess have any direct Chevron (CVX) share ownership?

Yes. In addition to indirect holdings through entities, John B. Hess reported 355,627 Chevron common shares held directly. This direct position is shown as a separate entry from his trust, partnership, and LLC interests in the Form 4.

How many total Chevron (CVX) shares were sold in this Form 4 filing?

The Form 4 transaction summary shows 380,000 shares of Chevron common stock sold in open-market or private transactions. All of these sales were coded as “S” transactions and reported as indirect sales through a trust for Hess’s benefit.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/22/2026 - 04:40 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^*

HESS JOHN B

(Last) (First) (Middle)

1400 SMITH STREET

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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

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

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	05/20/2026		S		117,836	D	$191.5195(1)	540,209	I	By Trust(2)
Common Stock	05/20/2026		S		119,787	D	$192.8617(3)	420,422	I	By Trust(2)
Common Stock	05/20/2026		S		59,045	D	$193.7872(4)	361,377	I	By Trust(2)
Common Stock	05/20/2026		S		42,678	D	$194.6512(5)	318,699	I	By Trust(2)
Common Stock	05/20/2026		S		7,038	D	$195.9655(6)	311,661	I	By Trust(2)
Common Stock	05/20/2026		S		30,581	D	$196.7429(7)	281,080	I	By Trust(2)
Common Stock	05/20/2026		S		3,035	D	$197.4498(8)	278,045	I	By Trust(2)
Common Stock								355,627(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 (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

Explanation of Responses:

1. These shares were sold in multiple transactions at prices ranging from $191.30 to $192.295, inclusive. 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 ranges set forth in this footnote and in footnotes (3) through (8) to this Form 4.

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 $192.30 to $193.29, inclusive. The price reported in Column 4 reflects the weighted average sale price.

4. These shares were sold in multiple transactions at prices ranging from $193.30 to $194.295, inclusive. The price reported in Column 4 reflects the weighted average sale price.

5. These shares were sold in multiple transactions at prices ranging from $194.30 to $195.29, inclusive. The price reported in Column 4 reflects the weighted average sale price.

6. These shares were sold in multiple transactions at prices ranging from $195.30 to $196.29, inclusive. The price reported in Column 4 reflects the weighted average sale price.

7. These shares were sold in multiple transactions at prices ranging from $196.30 to $197.26, inclusive. The price reported in Column 4 reflects the weighted average sale price.

8. These shares were sold in multiple transactions at prices ranging from $197.31 to $197.60, inclusive. The price reported in Column 4 reflects the weighted average sale price.

9. This amount has been adjusted to reflect the addition of 102 shares of common stock that were inadvertently omitted.

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.

	/s/ Rose Z. Pierson, Attorney-In-Fact for John B. Hess	05/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)