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).

1. Name and Address of Reporting Person* MORRIS RHONDA J (Last) (First) (Middle) 6001 BOLLINGER CANYON ROAD (Street) SAN RAMON CA 94583 (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) Vice President
	3. Date of Earliest Transaction (Month/Day/Year) 12/17/2019
	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	12/17/2019		M(1)		7,800	A	$73.7	8,598(2)	D
Common Stock	12/17/2019		S(1)		7,800	D	$119.6829(3)	798	D
Common Stock	12/17/2019		M(4)		8,100	A	$73.7	34,349(5)	I	by Spouse
Common Stock	12/17/2019		S(4)		8,100	D	$119.6835(6)	26,249	I	by Spouse
Common Stock	12/17/2019		M		39	A	$0	837	D
Common Stock	12/17/2019		F(7)		39	D	$118.6	798	D
Common Stock	12/17/2019		M		22	A	$0	820	D
Common Stock	12/17/2019		F(7)		22	D	$118.6	798	D
Common Stock								9,108(8)	I	by 401(k) plan
Common Stock								770	I	by Morris Living Trust

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)	$73.7	12/17/2019		M			7,800	(9)	01/27/2020	Common Stock	7,800	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$73.7	12/17/2019		M			8,100	(9)	01/27/2020	Common Stock	8,100	$0	0	I	by Spouse
Restricted Stock Units	(10)	12/17/2019		M			39	(10)	(10)	Common Stock	39	$0	2,961(11)	D
Restricted Stock Units	(12)	12/17/2019		M			22	(12)	(12)	Common Stock	22	$0	3,231(13)	D

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2019.

2. This number includes dividend accruals (10 shares).

3. This transaction was executed in multiple trades at prices ranging from $119.53 to $119.81. 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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person's spouse on August 29, 2019.

5. This number includes dividend accruals (1,003 shares).

6. This transaction was executed in multiple trades at prices ranging from $119.55 to $119.82. 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. Reflects withholding of shares to cover required tax obligations under the terms of the award agreement due to the reporting person's age and years of service.

8. Between February 2, 2019 and December 17, 2019, the reporting person acquired 420 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

9. Option granted January 27, 2010. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.

10. Restricted stock units granted on January 31, 2018 under the Chevron Corporation Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron Corporation common stock. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units and are payable in cash upon vesting on January 31, 2023.

11. Between February 2, 2019 and December 17, 2019, the reporting person acquired dividend equivalents (115 shares).

12. Restricted stock units granted on January 25, 2017 under the Chevron Corporation Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron Corporation common stock. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units and are payable in cash upon vesting on January 31, 2022.

13. Between February 2, 2019 and December 17, 2019, the reporting person acquired dividend equivalents (125 shares).

	/s/ Christopher A. Butner, Attorney-in-Fact for Rhonda J. Morris	12/19/2019
	** 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).
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