[Form 4] Chevron Corporation Insider Trading Activity

Rhea-AI Filing Summary

Dambisa F. Moyo, a Chevron (CVX) director, reported a non-derivative transaction showing a gift of 495 shares of Chevron common stock on 08/06/2025 at a reported price of $0. The filing identifies the transaction with Code G (gift) and records ownership held directly.

The report shows 14,772 shares beneficially owned following the transaction, and states that this total includes 65 dividend-equivalent accruals credited as stock units under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan. The form was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Transparent disclosure of a director transaction (Code G) reducing holdings by 495 shares
• Clarification that 65 units are dividend-equivalent accruals from the Non-Employee Directors' Equity Compensation and Deferral Plan

Negative

• None.

Insights

Financial Analyst

TL;DR: Director reported a small gift of 495 CVX shares; direct holdings remain 14,772 shares including 65 dividend-equivalent units.

The filing discloses a Code G transaction (gift) of 495 Chevron shares at a reported price of $0, reducing direct beneficial ownership to 14,772 shares as reported. The disclosure also clarifies that 65 of those shares represent dividend-equivalent accruals under the Non-Employee Directors' equity plan, which affects the composition of director compensation. For investors, this is a routine insider disposition and a transparency event rather than an operational or financial development for Chevron itself.

Corporate Governance Expert

TL;DR: Routine director disclosure showing a gift and continued direct ownership; uses attorney-in-fact signature and references director equity plan.

The Form 4 shows standard governance-practice disclosure: a director-reported gift (Code G) and the continued direct ownership stake of 14,772 shares. The filing notes that 65 shares are dividend-equivalent stock units issued under the company's Non-Employee Directors' Equity Compensation and Deferral Plan, which ties part of director compensation to equity. The form is executed by an attorney-in-fact, consistent with permitted signing practices for such filings.

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
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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^*

Moyo Dambisa F

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025

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	08/06/2025		G		495	D	$0	14,772(1)	D

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. This number includes the acquisition of dividend equivalent accruals on stock units (65) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

Remarks:

Exhibit List: Exhibit - 24 - Power of Attorney

	/s/ Rose Z. Pierson, Attorney-in-Fact for Dambisa F. Moyo	08/08/2025
	** 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 did the Chevron (CVX) Form 4 filed for Dambisa F. Moyo report?

The Form 4 reports a gift (Code G) of 495 Chevron common shares on 08/06/2025 at a reported price of $0.

How many Chevron (CVX) shares does Dambisa F. Moyo beneficially own after the transaction?

The filing reports 14,772 shares beneficially owned following the transaction, held directly.

Does the filing explain any special components of the ownership total?

Yes. The filing states the total includes 65 dividend-equivalent accruals on stock units issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.

What transaction code was used and what does it indicate?

The transaction is reported with Code G, which in this filing indicates a gift of shares; the price reported is $0.

Who signed the Form 4 on behalf of the reporting person?

The form is signed by Rose Z. Pierson, Attorney-in-Fact for Dambisa F. Moyo, with a signature date of 08/08/2025 shown on the filing.