United States securities and exchange commission logo September 7, 2022 Pierre R. Breber Chief Financial Officer Chevron Corporation 6001 Bollinger Canyon Road San Ramon, CA 94583-2324 Re: Chevron Corporation Form 10-K for the fiscal year ended December 31, 2021 Response dated June 24, 2022 File No. 001-00368 Dear Mr. Breber: We have reviewed your June 24, 2022 response to our comment letter and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to the prior comment is to the comment in our June 13, 2022 letter. Form 10-K for the fiscal year ended December 31, 2021 Financial Statements Note 3 - Information Relating to the Consolidated Statement of Cash Flows, page 68 1. We have considered your response to our prior comment. We note your measure of capital and exploratory expenditures, including equity affiliates, and do not agree with your conclusion that the measure is not a non-GAAP financial measure. Further, we believe your presentation of this measure is contrary to Question 100.04 of our Non- GAAP Compliance and Disclosure Interpretations and therefore should not be disclosed. Please revise your disclosures to comply with the provisions of Item 10(e) of Regulation S-K and Question 100.04 of the Non-GAAP Compliance and Disclosure Interpretations. You may contact Brian McAllister at (202) 551-3341 or Craig Arakawa, Accounting Pierre R. Breber Chevron Corporation September 7, 2022 Page 2 Branch Chief, at (202) 551-3650 if you have questions regarding comments on the financial statements and related matters. Sincerely, FirstName LastNamePierre R. Breber Division of Corporation Finance Comapany NameChevron Corporation Office of Energy & Transportation September 7, 2022 Page 2 cc: Amit Ghay FirstName LastName