Director Hess John B sold $82,749,549 worth of shares (550,000 units at $150.45) (SEC Form 4)
$CVX
Integrated oil Companies
Energy
| 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 |
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| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CHEVRON CORP [ CVX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/20/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 11/20/2025 | S | 220,250 | D | $150.5122(1) | 1,182,795 | I | By Trust(2) | ||
| Common Stock | 11/20/2025 | S | 37,441 | D | $151.3677(3) | 1,145,354 | I | By Trust(2) | ||
| Common Stock | 11/20/2025 | S | 17,309 | D | $152.4329(4) | 1,128,045 | I | By Trust(2) | ||
| Common Stock | 11/21/2025 | S | 31,076 | D | $149.4779(5) | 1,096,969 | I | By Trust(2) | ||
| Common Stock | 11/21/2025 | S | 226,367 | D | $150.1976(6) | 870,602 | I | By Trust(2) | ||
| Common Stock | 11/21/2025 | S | 17,557 | D | $150.8494(7) | 853,045 | I | By Trust(2) | ||
| Common Stock | 355,499(8)(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) | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 $150.0600 to $151.0594. 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. |
| 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 $151.0631 to $151.9700. 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. |
| 4. These shares were sold in multiple transactions at prices ranging from $152.0800 to $153.0197. 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. |
| 5. These shares were sold in multiple transactions at prices ranging from $148.7800 to $149.7750. 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. |
| 6. These shares were sold in multiple transactions at prices ranging from $149.7800 to $150.7700. 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. |
| 7. These shares were sold in multiple transactions at prices ranging from $150.7800 to $151.0100. 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. |
| 8. This number includes 76,946 shares previously indirectly owned under the Hess Corporation Employee's Savings Plan, which are now directly owned. Share totals with respect to the Hess Corporation Employees' Savings Plan are based upon unit accounting and therefore may reflect a change in units previously reported by the reporting person though no acquisition or disposition occurred. |
| 9. This number includes the acquisition of dividend equivalent accruals on stock units (14) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan. |
| 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 | 11/24/2025 | |
| ** 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. | ||