Chevron executive Jeff B. Gustavson sells 24,439 shares

The reported sale price was a weighted average across trades executed from $230.62 to $230.83 per share.

Available on EDGAR 11/04/2026 - 04:18 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:17 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Chevron Corp. President, New Energies Jeff B. Gustavson exercised options covering 8,839 shares at $113.01 and 15,600 shares at $110.37 on November 2, 2026, then sold 24,439 shares at a weighted-average price of $230.7081 per share. The sale involved multiple trades priced from $230.62 to $230.83 per share, and no Rule 10b5-1 plan is reported. He also reported 3 shares held indirectly through a 401(k) plan.

Insider Trade Summary

Exercise and Sale: 24,439 shares ($2.92M approx. pre-tax spread)

Exercise and Sale 5 txns

Insider GUSTAVSON JEFF B

Role President, New Energies

Sold 24,439 shs ($5.64M)

Approx. gross sale proceeds $5.64M

Approx. exercise cost $2.72M

Approx. pre-tax spread $2.92M

Share of Position Sold 86.5%

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (Right to Buy) F3	8,839	$0.00	$0.00
Exercise	Non-Qualified Stock Option (Right to Buy) F4	15,600	$0.00	$0.00
Exercise	Common Stock F1	8,839	$113.01	$999K
Exercise	Common Stock	15,600	$110.37	$1.72M
Sale	Common Stock F2	24,439	$230.7081	$5.64M
Holding	Common Stock	--	--	--

Holdings After Transaction: Non-Qualified Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 3,818 shares (Direct); Common Stock — 3 shares (Indirect, By 401(k) plan)

Holdings Before and After: Non-Qualified Stock Option (Right to Buy), 24,439 to 0 contracts (Direct); Common Stock, 3,818 to 3,818 shares (Direct)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (4)

1. F1. This number includes the acquisition of stock resulting from the reinvestment of dividends on vested restricted stock units (32) issued under the Chevron Corporation 2022 Long-Term Incentive Plan.
2. F2. This transaction was executed in multiple trades at prices ranging from $230.62 to $230.83. 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.
3. F3. 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.
4. F4. 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.

Key Figures

Options exercised: 8,839 shares Exercise price: $113.01 per share Options exercised: 15,600 shares +4 more

7 metrics

Options exercised 8,839 shares November 2, 2026; exercise price $113.01 per share

Exercise price $113.01 per share Option covering 8,839 shares exercised November 2, 2026

Options exercised 15,600 shares November 2, 2026; exercise price $110.37 per share

Exercise price $110.37 per share Option covering 15,600 shares exercised November 2, 2026

Shares sold 24,439 shares November 2, 2026

Weighted-average sale price $230.7081 per share Sale on November 2, 2026; multiple trades ranged from $230.62 to $230.83 per share

Indirect shares held 3 shares Held through a 401(k) plan on November 2, 2026

Key Terms

Non-Qualified Stock Option (Right to Buy), weighted-average sale price, vested restricted stock units

3 terms

Non-Qualified Stock Option (Right to Buy) financial

"Non-Qualified Stock Option (Right to Buy)"

weighted-average sale price financial

"the price reported reflects the weighted-average sale price"

vested restricted stock units financial

"reinvestment of dividends on vested restricted stock units"

FAQ

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

How many CVX shares did Jeff B. Gustavson sell, and at what price?

Jeff B. Gustavson sold 24,439 shares on November 2, 2026, at a weighted-average price of $230.7081 per share. The sale comprised multiple trades priced from $230.62 to $230.83 per share. No Rule 10b5-1 plan is reported.

When did Jeff B. Gustavson's CVX options vest?

The option granted January 30, 2019 vested one-third on January 31, 2020, January 31, 2021, and January 31, 2022. The option granted January 29, 2020 vested one-third on January 31, 2021, January 31, 2022, and January 31, 2023.

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

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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^*

GUSTAVSON JEFF 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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	11/02/2026		M		8,839	A	$113.01	12,657(1)	D
Common Stock	11/02/2026		M		15,600	A	$110.37	28,257	D
Common Stock	11/02/2026		S		24,439	D	$230.7081(2)	3,818	D
Common Stock								3	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)	$113.01	11/02/2026		M			8,839	(3)	01/30/2029	Common Stock	8,839	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$110.37	11/02/2026		M			15,600	(4)	01/29/2030	Common Stock	15,600	$0	0	D

Explanation of Responses:

1. This number includes the acquisition of stock resulting from the reinvestment of dividends on vested restricted stock units (32) issued under the Chevron Corporation 2022 Long-Term Incentive Plan.

2. This transaction was executed in multiple trades at prices ranging from $230.62 to $230.83. 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.

3. 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.

4. 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 Jeff B. Gustavson	11/04/2026
	** 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)