# EDGAR Filing Document

**Accession Number:** 0000093410
**File Stem:** 0000093410-26-000158
**Filing Date:** 2026-6
**Character Count:** 84334
**Document Hash:** cc4f08aac6dcbf7de9cf0fb2d393f461
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000093410-26-000158.hdr.sgml**: 20260624

**ACCESSION NUMBER**: 0000093410-26-000158

**CONFORMED SUBMISSION TYPE**: 11-K

**PUBLIC DOCUMENT COUNT**: 35

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260624

**DATE AS OF CHANGE**: 20260624

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CHEVRON CORP
- **CENTRAL INDEX KEY:** 0000093410
- **STANDARD INDUSTRIAL CLASSIFICATION:** PETROLEUM REFINING [2911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 940890210
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 11-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-00368
- **FILM NUMBER:** 261116899

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 SMITH STREET
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77002
- **BUSINESS PHONE:** 832-854-1000

**MAIL ADDRESS:**
- **STREET 1:** 1400 SMITH STREET
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CHEVRONTEXACO CORP
- **DATE OF NAME CHANGE:** 20011009

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CHEVRON CORP
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STANDARD OIL CO OF CALIFORNIA
- **DATE OF NAME CHANGE:** 19840705

?xml version='1.0' encoding='ASCII'? cvx-20260624

---

| | |
|:---|:---|
| **UNITED STATES** | **UNITED STATES** |
| **SECURITIES AND EXCHANGE COMMISSION** | **SECURITIES AND EXCHANGE COMMISSION** |
| **Washington, D.C. 20549** | **Washington, D.C. 20549** |
| ____________ | ____________ |
| **FORM 11-K** | **FORM 11-K** |
| **____________** | **____________** |
| **[X]** | **ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES** |
|  | **EXCHANGE ACT OF 1934** |
|  | For the fiscal year ended December 31, 2025 |
| OR | OR |
| **[ ]** | **TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES** |
|  | **EXCHANGE ACT OF 1934** |
|  | For the transition period from ________________ to __________________ |
|  | **Commission file number** 001-00368 |
| A. | &nbsp;&nbsp;&nbsp;&nbsp;Full title of the plan and the address of the plan, if different from that of the issuer named below: |
| **CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN** | **CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN** |
| B. | &nbsp;&nbsp;&nbsp;&nbsp;Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
| **Chevron Corporation** | **Chevron Corporation** |
| **1400 Smith Street** | **1400 Smith Street** |
| **Houston, TX 77002** | **Houston, TX 77002** |

---

------

PN:001

**CHEVRON**

**EMPLOYEE SAVINGS INVESTMENT PLAN**

FINANCIAL STATEMENTS

AND SUPPLEMENTAL SCHEDULE

TOGETHER WITH REPORT OF INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM

DECEMBER 31, 2025 AND 2024

------

 **CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

&nbsp;&nbsp;&nbsp;&nbsp;

<u>**TABLE OF CONTENTS**</u>

---

| | |
|:---|:---|
| | <u>Page No.</u> |
| Report of Independent Registered Public Accounting Firm | 1 |
| Financial Statements |  |
| Statements of Net Assets Available for Benefits<br>&nbsp;&nbsp;&nbsp;&nbsp; as of December 31, 2025 and 2024 | 2 |
| Statement of Changes in Net Assets Available for Benefits <br>&nbsp;&nbsp;&nbsp;&nbsp; for the Year Ended December 31, 2025 | 3 |
| Notes to Financial Statements&nbsp;&nbsp;&nbsp;&nbsp; | 4 |
| Supplemental Schedule\* |  |
| Schedule of Assets (Held at End of Year)&nbsp;&nbsp;&nbsp;&nbsp; as of December 31, 2025 | 19 |
| Exhibit Index | 29 |
| Signature | 30 |
| \* Other schedules required under Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended, have been omitted because they are not applicable or not required. | \* Other schedules required under Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended, have been omitted because they are not applicable or not required. |

---

i

------

**Report of Independent Registered Public Accounting Firm**

To the Plan Administrator and Participants of Chevron Employee Savings Investment Plan

**Opinion on the Financial Statements**

We have audited the accompanying statements of net assets available for benefits of Chevron Employee Savings Investment Plan (the "Plan") as of December 31, 2025 and 2024, and the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes and schedule (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purposes of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

**Supplemental Information**

The supplemental information in the accompanying Schedule of Assets (Held at End of Year) as of December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ WithumSmith+Brown, PC

We have served as the auditor of the Plan since 2025.

Whippany, New Jersey

June 24, 2026

PCAOB ID Number 100

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**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

DECEMBER 31, 2025 AND 2024

(thousands of dollars)

---

| | | |
|:---|:---|:---|
| | 2025 | 2024 |
| <u>Assets</u> |  |  |
| Investments - at fair value | $21910480 | $20044135 |
| Investments - at contract value | 216052 | 210966 |
| Notes receivable from brokers | 1145 | 75 |
| Notes receivable from participants | 124295 | 123529 |
| Total assets | 22251972 | 20378705 |
| <u>Liabilities</u> |  |  |
| Net assets available for benefits | $22251972 | $20378705 |
| The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. |

---

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**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

YEAR ENDED DECEMBER 31, 2025

(thousands of dollars)

---

| | |
|:---|:---|
| <u>Additions</u> |  |
| Contributions: |  |
| Employer contributions | $326339 |
| Participant contributions | 410123 |
| Participant rollovers | 93930 |
| Total contributions | 830392 |
| Investment income: |  |
| Net appreciation in fair value of investments | 2650269 |
| Interest and dividends | 242520 |
| Total investment income | 2892789 |
| Other additions: |  |
| &nbsp;&nbsp;Interest income on notes receivable from participants | 8409 |
| Total additions | 3731590 |
| <u>Deductions</u> |  |
| Distribution to participants | 3016350 |
| Administrative fees | 3320 |
| Total deductions | 3019670 |
| <u>Transfer from another plan</u> |  |
| Transfer from Hess Corporation Employees´ Savings Plan | 1161347 |
| Net increase in net assets available for benefits | 1873267 |
| Net assets available for benefits: |  |
| Beginning of year | 20378705 |
| End of year | $22251972 |
| The accompanying notes are an integral part of this financial statement. | The accompanying notes are an integral part of this financial statement. |

---

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**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 1 - Description of the Plan**

The following description of the Chevron Employee Savings Investment Plan (ESIP or the Plan) provides only general information. Participants should refer to the Plan document or Summary Plan Description for a more complete description of the Plan's provisions.

The Plan is a defined contribution plan that is intended to be a qualified profit-sharing plan under Section 401(a) of the Internal Revenue Code (the Code), a qualified cash or deferred arrangement under Section 401(k) of the Code, and, effective December 1, 1989, to include a leveraged Employee Stock Ownership Plan (ESOP) qualified under Section 4975(e)(7) of the Code.

**Plan Sponsor/Administrator.** Chevron Corporation (the Corporation) is the Plan Sponsor and the Plan Administrator of the ESIP. It has the authority to appoint one or more trustees to hold the assets of the Plan and to appoint a recordkeeper. In its capacity as fiduciary and administrator, the Corporation makes such rules, regulations and computations and takes whatever action is necessary to administer the Plan in accordance with provisions of the Code and the Employee Retirement Income Security Act of 1974, as amended (ERISA).

**Eligibility.** Employees of the Corporation and each other participating company (the Company) or employees who are represented by a labor organization that has bargained for and agreed to participation in the Plan, hired on to the U.S. payroll are eligible to join the Plan upon their first day of employment.

**Contributions.** Participants may contribute up to 75 percent of regular pay each pay period as combined basic (1 or 2 percent) and supplemental (up to 73 percent) contributions. For 2025, the maximum contribution amount on a combined before-tax and Roth 401(k) basis was the annual Code limit of $23,500 for participants under age 50 and $31,000 for participants aged 50 and up. The Plan has a fixed match feature. The Company will match 4 percent of regular pay to participants making basic contributions of 1 percent to the Plan or 8 percent of regular pay to participants making basic contributions of 2 percent to the Plan. The Code limits the amount of compensation that can be taken into account when calculating participant and company matching contributions to the Plan; for the year 2025, company matching contributions ceased when a participant reached regular pay of $350,000.

The Company matching contribution is made in cash and allocated according to the participants' current payroll elections. Participants may elect to receive dividends on shares in their Chevron Stock and Chevron ESOP accounts as a taxable distribution or reinvest the dividends into their Chevron Stock account.

**Vesting.** Employees are always fully vested in all contributions to their accounts, as well as the investment income earned from all contributions to the Plan.

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 1 - Description of the Plan (Continued)**

**Participant Accounts.** Contributions are invested in various investment options offered within the Plan. Employee contributions are comprised of basic and supplemental contributions and rollover contributions from other qualified retirement plans or from a rollover IRA, on a pre-tax, after-tax, and/or Roth 401(k) basis.

**Trustee.** Fidelity Management Trust Company and Fidelity Workplace Services, LLC are the Plan's trustee and the recordkeeper, respectively (collectively referred to herein as Fidelity). Fidelity also performs the custodial and administrator functions for the separate accounts. The trustee has the authority to manage the assets of the Plan in accordance with the terms of the service agreements.

**Notes Receivable from Participants.** The Plan loan provision allows participants to borrow funds from their Plan account, subject to certain restrictions and limitations. Participants may borrow up to the lesser of $50,000 or 50% of their total account balance or the value of the account(s) used to fund the loan. The minimum loan is $1,000. The minimum term for repayment of any loan is 6 months and the maximum term is 5 years. However, the maximum term for repayment of a loan to purchase the participant's principal residence is 25 years. Loans bear a reasonable fixed rate of interest. Interest rates charged during 2025 and 2024 on new and carried loans ranged from 2.23% to 10.25% with maturities extending to 2054. Most loan repayments are made through payroll deductions and the principal and interest paid by the participants are reinvested in the participants' accounts. Notes receivable from participants totaled $124,294,748 and $123,529,117 as of December 31, 2025 and 2024, respectively.

**Plan Termination.** The Corporation expects to continue the ESIP indefinitely but has the authority to amend or terminate the ESIP at any time. In the event of Plan termination, the trust fund shall continue until any previously unallocated assets of the Plan are allocated to accounts and distributed to participants or beneficiaries in accordance with applicable law and pursuant to written rules and procedures adopted by the Corporation prior to such termination. In addition, upon Plan termination, neither the Corporation nor any other person shall have a liability or obligation to provide additional benefits. Participants or beneficiaries shall obtain benefits solely from the trust fund.

**Benefit Payment** / **Distribution.** At the request of the participant, distributions can be received in installment payments, partial distribution, or single lump-sum payment after termination of employment. While employed, a participant may make withdrawals from their employer or employee contribution accounts (as allowed under IRS regulations) subject to certain restrictions described in the Plan, which may be waived in the event a participant demonstrates a financial hardship. The Plan requires automatic cash outs of account balances less than $1,000 upon termination of employment. Benefit payments to participants are recorded when paid.

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 1 - Description of the Plan (Continued)**

**Plan Expenses.** In accordance with the Department of Labor's (DOL) rules under ERISA Section 408(b)(2), total all-in fees are disclosed by the service provider. In accordance with these DOL rules, recordkeeping and trustee fees are unbundled and paid by the participants. Other administrative expenses relating to the Plan, including audit fees and participant education retirement services are paid by the Plan to the extent Plan forfeiture funds or other suspense account funds are sufficient. If not, such fees are paid by the Corporation. Certain Chevron employee labor and administrative costs for Plan-related services are reimbursed to the Corporation by the Plan. As of December 31, 2025 and 2024, funds in the forfeiture account were $1,366,027 and $419,496, respectively. Amounts of forfeited account balances used to pay Plan expenses totaled $278,624 for the year ended December 31, 2025. As of December 31, 2025 and 2024, funds in all suspense accounts were $2,317,403 and $1,152,948, respectively. Amounts of suspense account balances used to pay Plan expenses totaled $1,557,764 for the year ended December 31, 2025.

**Diversification.** Each participant is permitted to direct any contributions made to their account to be invested in investment options available under the Plan. Participants are not subject to any restriction, holding periods or otherwise, when moving assets, other than those noted below under Stable Value Funds Equity Wash.

**Put Option.** For so long as the Corporation's shares are readily tradable on an established market, the Corporation shall not be required to provide the participant or beneficiary with an option to put the shares to the Corporation, in accordance with Section 409(h) of the Code.

**Plan Mergers.** Effective December 31, 2025, the assets and participant accounts of the Hess Corporation Employees' Savings Plan (Hess 401(k)) merged into the ESIP. The investments of $1,161,346,863 were transferred on December 31, 2025.

**Stable Value Fund Equity Wash.** Per agreement with the Plan's stable value fund managers, to discourage market timing and other forms of speculative behavior, investors are restricted from moving assets from these funds directly into existing ESIP money market funds. All assets moving out of these stable value funds are to be moved to another non-money market ESIP investment for at least 90 days before moving to a money market investment. These provisions apply to the Chevron Stable Value Separate Account (Putnam).

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 2 - Summary of Significant Accounting Policies**

The following are the significant accounting policies followed by the Plan:

**Basis of Accounting.** The financial statements of the ESIP are presented on the accrual basis of accounting.

**Investment Valuation and Income Recognition.** Investments, with the exception of the Chevron Stable Value Separate Account (Putnam), are reported at fair value, which is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Investments in the core and supplemental options are valued on each business day on which the New York Stock Exchange is open for trading to reflect contributions, distributions, income, expenses, gains and losses. The difference between cost and market value represents unrealized appreciation or depreciation as of the reporting date. The valuation of the underlying securities in Fidelity Brokerage Link are determined by Fidelity Brokerage Service daily. The Putnam account is at contract value. Contract value is the relevant measure for the Plan's fully benefit-responsive investment contracts, because contract value is the amount participants generally receive when executing transactions under the terms of the contract and plan provisions.

Net appreciation (depreciation) in fair value of investments includes realized gains (losses) and unrealized appreciation (depreciation).

Realized gains (losses) on investments are based on sales proceeds less average cost. Sales and purchases between participants are included in realized gains (losses). Security purchases and sales are recorded as of the trade date for such transactions.

Dividend income earned on investments held and interest income earned on funds pending investment are recorded on an accrual basis.

**Notes Receivable from Participants.** Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent notes receivable from participants are reclassified as distributions based upon the terms of the Plan rules.

**Use of Estimates.** The preparation of financial statements in conformity with U.S. generally accepted accounting principles (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

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**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 3 - Fair Value Measurements** 

The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1: Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.

Level 2:&nbsp;&nbsp;&nbsp;&nbsp;Inputs to the valuation methodology include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;Quoted prices for similar assets or liabilities in active markets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;Quoted prices for identical or similar assets or liabilities in inactive markets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;Inputs other than quoted prices that are observable for the asset or liability; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;Inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

Net Asset Value (NAV) as a practical expedient: Inputs to the valuation methodology are allowed as a practical expedient to measure certain investments at NAV provided:

• The investment doesn't have a readily determinable fair value;

• The investee is an investment company within the scope of ASC Topic 946, Financial Services - Investment Companies.

The asset's or liability's fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used must maximize the use of observable inputs and minimize the use of unobservable inputs.

Following is a description of the valuation methodologies used for assets and liabilities measured at fair value. There have been no changes in the methodologies used at December 31, 2025 and 2024.

• Common stocks are valued at the closing price reported on the active market on which the individual securities are traded.

• Preferred stock held in a separate account fund values are derived from both dealer-supplied valuations and pricing models at year-end.

• Shares of registered investment companies are valued at the closing price reported on the active market on which the individual securities are traded.

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**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 3 - Fair Value Measurements (continued)**

• Corporate bonds held in a separate account fund values are derived from both dealer-supplied valuations and pricing models at year-end.

• Other collective investment fund values are given the market value of underlying investments and are therefore classified as Level 2.

• Mortgage backed securities held in a separate account fund are valued on the basis of their future principal and interest payments discounted at prevailing interest rates for similar investments.

• U.S. government securities held in a separate account fund values are derived from both dealer supplied valuations and pricing models at year-end.

• Asset backed securities are priced based on a compilation of primarily observable market information.

• Cash equivalents are valued at cost, which approximates fair value.

• Investments in Fidelity BrokerageLink hold shares of registered investment companies and are valued at the closing price reported on the active market on which the individual securities are traded.

**•** Stable value collective trusts are stated at fair value based on the NAV of the underlying investments, as reported to the Plan by the contract issuer. The NAV, as provided by Fidelity Management Trust Company, is used as a practical expedient to estimate fair value.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following tables set forth by level, within the fair value hierarchy, the Plan's investments at fair value as of December 31, 2025 and 2024:

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**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 3 - Fair Value Measurements (Continued)**

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| | | | | |
|:---|:---|:---|:---|:---|
| | Investments at Fair Value (in thousands) as of December 31, 2025 | Investments at Fair Value (in thousands) as of December 31, 2025 | Investments at Fair Value (in thousands) as of December 31, 2025 | Investments at Fair Value (in thousands) as of December 31, 2025 |
| | Level 1 | Level 2 | Level 3 | Total |
| Common stocks | $4739578 | $— | $— | $4739578 |
| Registered investment companies |  |  |  |  |
| Fidelity BrokerageLink | 689002 |  |  | 689002 |
| Other collective investment funds |  | 15811760 |  | 15811760 |
| Separate account (Dodge & Cox): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock |  | 4705 |  | 4705 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds |  | 200527 |  | 200527 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage backed securities |  | 282332 |  | 282332 |
| &nbsp;&nbsp;&nbsp;&nbsp;Government securities |  | 104105 |  | 104105 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset backed securities |  | 51575 |  | 51575 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash equivalents |  | 7934 |  | 7934 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unsettled sales & purchases |  | 17252 |  | 17252 |
| Chevron Stable Value Separate Account (Putnam): | Chevron Stable Value Separate Account (Putnam): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash equivalents |  | 2181 |  | 2181 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unsettled sales & purchases |  | (471) |  | (471) |
| Total investments in the fair value hierarchy | $5428580 | $16481900 | $— | $21910480 |
| &nbsp;&nbsp;Total investments at fair value |  |  |  | $21910480 |

---

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**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 3 - Fair Value Measurements (Continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Investments at Fair Value (in thousands) as of December 31, 2024 | Investments at Fair Value (in thousands) as of December 31, 2024 | Investments at Fair Value (in thousands) as of December 31, 2024 | Investments at Fair Value (in thousands) as of December 31, 2024 |
| | Level 1 | Level 2 | Level 3 | Total |
| Common stocks | $4807816 | $— | $— | $4807816 |
| Registered investment companies | 216 |  |  | 216 |
| Fidelity BrokerageLink | 583833 |  |  | 583833 |
| Other collective investment funds |  | 14018594 |  | 14018594 |
| Separate account (Dodge & Cox): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock |  | 4671 |  | 4671 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds |  | 180702 |  | 180702 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage backed securities |  | 271247 |  | 271247 |
| &nbsp;&nbsp;&nbsp;&nbsp;Government securities |  | 111532 |  | 111532 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset backed securities |  | 42844 |  | 42844 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash equivalents |  | 9596 |  | 9596 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unsettled sales & purchases |  | 9255 |  | 9255 |
| Chevron Stable Value Separate Account (Putnam): | Chevron Stable Value Separate Account (Putnam): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash equivalents |  | 3104 |  | 3104 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unsettled sales & purchases |  | 41 |  | 41 |
| Total investments in the fair value hierarchy | $5391865 | $14651586 | $— | $20043451 |
| Investments at NAV <sup>(a)</sup> |  |  |  | 684 |
| &nbsp;&nbsp;Total investments at fair value |  |  |  | $20044135 |

---

(a) In accordance with Topic 820, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefits.

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**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 3 - Fair Value Measurements (Continued)**

The following table summarizes investments for which fair value is measured using NAV per share practical expedient as of December 31, 2024. Redemption restrictions are reported above in Note 1, Stable Value Fund Equity Wash; the redemption notice period is applicable only to the Plan.

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| | | | | |
|:---|:---|:---|:---|:---|
| | December 31, 2024 Fair Value <br>(in thousands) | Unfunded Commitments | Redemption Frequency | Redemption Notice Period |
| **Stable value collective investment funds:** | **Stable value collective investment funds:** |  |  |  |
| Associated Benefits Corporation | $130 | N/A | Daily | 12 months |
| Associated Benefits Corporation | $554 | N/A | Daily | 12 months |
|  | $684 |  |  |  |

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**NOTE 4 - Investments**

At December 31, 2025, the following broad range of investment options were utilized by the Plan:

**Target Date Retirement Funds**

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| | |
|:---|:---|
| Fund Name | Fund Type |
| BlackRock LifePath Index Retirement Account C | Balanced |
| BlackRock LifePath Index 2030 Retirement Account C | Balanced |
| BlackRock LifePath Index 2035 Retirement Account C | Balanced |
| BlackRock LifePath Index 2040 Retirement Account C | Balanced |
| BlackRock LifePath Index 2045 Retirement Account C | Balanced |
| BlackRock LifePath Index 2050 Retirement Account C | Balanced |
| BlackRock LifePath Index 2055 Retirement Account C | Balanced |
| BlackRock LifePath Index 2060 Retirement Account C | Balanced |
| BlackRock LifePath Index 2065 Retirement Account C | Balanced |
| BlackRock LifePath Index 2070 Retirement Account C | Balanced |

---

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 4 - Investments (Continued)**

**Core Funds**

---

| | |
|:---|:---|
| Fund Name | Fund Type |
| BlackRock U.S. Debt Index Account C | Fixed Income |
| BlackRock Equity Index Account C | Large-Cap Stock |
| BlackRock Extended Equity Market Fund M | Small & Mid-Cap Growth Stock |
| BlackRock MSCI ACWI ex-U.S. Index Account C | International Stock |
| BlackRock Gov't Short-Term Investment Account C | Money Market |
| Chevron Stable Value Separate Account (Putnam) | Fixed Income |
| Principal Diversified Real Asset CIT Tier 3 | Real Assets |
| EARNEST Partners Smid Cap Core Fund Class | Small & Midcap Stock |
| Separate Account (Dodge & Cox) | Fixed Income |
| Capital Group EuroPacific Growth Trust | International Stock |
| Associated Benefits Corporation Stable Value Fund <sup>1</sup> | Fixed Income |

---

<sup>1</sup> Residual values; no longer available for participant investment.

**Chevron Stock**

---

| | |
|:---|:---|
| Fund Name | Fund Type |
| Chevron Leveraged ESOP | Company Stock |
| Chevron Common Stock | Company Stock |

---

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 4 - Investments (Continued)**

At December 31, 2024, the following broad range of investment options were utilized by the Plan:

**Target Date Retirement Funds** 

---

| | |
|:---|:---|
| Fund Name | Fund Type |
| BlackRock LifePath Index Retirement Account C | Balanced |
| BlackRock LifePath Index 2030 Retirement Account C | Balanced |
| BlackRock LifePath Index 2035 Retirement Account C | Balanced |
| BlackRock LifePath Index 2040 Retirement Account C | Balanced |
| BlackRock LifePath Index 2045 Retirement Account C | Balanced |
| BlackRock LifePath Index 2050 Retirement Account C | Balanced |
| BlackRock LifePath Index 2055 Retirement Account C | Balanced |
| BlackRock LifePath Index 2060 Retirement Account C | Balanced |
| BlackRock LifePath Index 2065 Retirement Account C | Balanced |
| BlackRock LifePath Index 2070 Retirement Account C | Balanced |

---

**Core Funds**

---

| | |
|:---|:---|
| Fund Name | Fund Type |
| BlackRock U.S. Debt Index Account C | Fixed Income |
| BlackRock Equity Index Account C | Large-Cap Stock |
| BlackRock Extended Equity Market Fund M | Small & Mid-Cap Growth Stock |
| BlackRock MSCI ACWI ex-U.S. Index Account C | International Stock |
| BlackRock Gov't Short-Term Investment Account C | Money Market |
| Chevron Stable Value Separate Account (Putnam) | Fixed Income |
| Principal Diversified Real Asset CIT Tier 3 | Real Assets |
| EARNEST Partners Smid Cap Core Fund Class | Small & Midcap Stock |
| Separate Account (Dodge & Cox) | Fixed Income |
| Capital Group EuroPacific Growth Trust | International Stock |
| Associated Benefits Corporation Stable Value Fund <sup>1</sup> | Fixed Income |
| Vanguard Federal Money Market Fund <sup>1</sup> | Money Market |
| Fidelity Managed Income Portfolio (MIP CL2) <sup>2</sup> | Fixed Income |

---

<sup>1</sup> Residual values; no longer available for participant investment.

<sup>2</sup> Fund transferred to the Chevron ESIP from PDC Energy on December 31, 2024.

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 4 - Investments (Continued)**

**Chevron Stock**

---

| | |
|:---|:---|
| Fund Name | Fund Type |
| Chevron Leveraged ESOP | Company Stock |
| Chevron Common Stock | Company Stock |

---

**Fidelity BrokerageLink** 

Through the Fidelity Brokerage Services, LLC, a participant may choose from approximately 10,000 mutual funds from Fidelity and other companies, and Exchange-Traded Funds that are not included in the core or supplemental investment funds. There is no annual fee charged to participants who use this option. Within each fund offered in the Fidelity BrokerageLink, additional fees may be charged, either accrued within a fund's pooled price or charged directly on deposits or withdrawals depending upon the investment.

**Chevron Stable Value Separate Account (Putnam)**

The investments that make up the Chevron Stable Value Separate Account (Putnam) are held by the Plan in a separate account with the Plan's recordkeeper. These investments are primarily high-quality guaranteed investment contracts (GICs) and security-backed investment contracts (SBICs) also referred to as a synthetic GIC. GICs are issued by insurance companies which guarantee the return of principal and a stated rate of interest (Contract Value). SBICs are comprised of two components: investment contracts issued by a financial institution and underlying portfolios of fixed income securities whose market prices fluctuate. The investment contract component of the SBIC is designed to allow participants to transact at Contract Value without reference to the price fluctuations of the underlying fixed income securities. Therefore, GICs and SBICs are normally valued at Contract Value.

The key difference between a synthetic investment contract and a traditional investment contract is that the Plan owns the underlying assets of the synthetic investment contract. A synthetic investment contract includes a wrapper contract, which is an agreement for the wrap issuer, such as a bank or insurance company, to make payments to the Plan in certain circumstances. The wrapper contract typically includes certain conditions and limitations on the underlying assets owned by the Plan. With traditional investment contracts, the Plan owns only the contract itself. Synthetic and traditional investment contracts are designed to accrue interest based on crediting rates established by the contract issuers.

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 4 - Investments (Continued)**

The synthetic investment contracts held by the Plan include wrapper contracts that provide a guarantee that the credit rate will not fall below 0 percent. Cash flow volatility (for example, timing of benefit payments) as well as asset underperformance can be passed through to the Plan through adjustments to future contract crediting rates. Formulas are provided in each contract that adjusts renewal crediting rates to recognize the difference between the fair value and the book value of the underlying assets. Crediting rates are reviewed monthly for resetting.

Both the contracts that back GICs and SBICs are not tradable on any secondary market; however, they are fully benefit-responsive to Plan-permitted transactions, which allows participants to initiate withdrawals, loans or transfers to other funds within the Plan at Contract Value. Franklin Templeton, on behalf of the Plan, negotiates both GIC and SBIC contracts with certain employer-initiated transaction provisions (e.g., allowances for targeted layoffs and reorganizations) that make it unlikely that any event would occur that would limit a participant's ability to transact at Contract Value. There currently are no events that limit the ability to transact at contract value.

The only events or circumstances that would allow issuers to immediately terminate one of the Plan's GICs or SBICs at an amount different from Contract Value would be if they were provided with willfully fraudulent information about the Plan. Issuers, in some cases, have provisions that allow them to terminate at book value over a specified period of time.

Total Contract Value for GICs and SBICs held directly by the Plan is as follows (in thousands):

---

| | | |
|:---|:---|:---|
| | December 31, | December 31, |
| | 2025 | 2024 |
| Guaranteed Investment Contracts (GICs) | $56314 | $59825 |
| Security-Backed Investment Contracts (SBICs) (synthetic GICs) | 159738 | 151141 |
| Total Investment Contracts | $216052 | $210966 |

---

The Chevron Stable Value Separate Account (Putnam) includes cash and cash equivalents as noted on the fair value tables in Note 3, above.

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 5 - Income Taxes**

The Plan received a determination letter dated October 23, 2013 from the Internal Revenue Service (IRS) stating that the Plan is qualified with the applicable requirements of the Code. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. Subsequent to this issuance of the determination letter, the Plan was restated and amended. The Corporation believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan, as restated and amended, is qualified and the related trust is tax exempt.

The Corporation has reviewed the Plan's administrative procedures and is of the opinion that they are in accordance with technical compliance requirements of ERISA.

U.S. GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain tax position that would not meet the more likely than not standard and be-sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2025 and December 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions.

**NOTE 6 - Risks and Uncertainties**

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes, both positive and negative, in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the statement of net assets available for benefits.

**NOTE 7 - Related Party Transactions**

Plan investments include a Separate Account managed by Fidelity and shares of common stock of the Corporation. Transactions with Fidelity, as the trustee and recordkeeper and the Corporation as the Plan Sponsor and Plan Administrator, qualify as party-in-interest transactions. Certain internal and external administrative costs are reimbursed by the Plan to Chevron. In 2025, $358,277 was reimbursed.

As of December 31, 2025 and 2024, the Plan held 31,097,309 and 33,193,767 shares Chevron Corporation common stock, respectively, with a fair value of $4,739,578,577 and $4,807,815,608, respectively. In 2025, $217,223,544 in dividends of Chevron common stock were paid to participants.

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

**NOTE 8 - Subsequent Events**

The Plan has evaluated subsequent events through June 24, 2026, the date the financial statements were available to be issued.

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

EIN 94-0890210 PLAN NO. 001

SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD

DECEMBER 31, 2025

(thousands of dollars)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a) | | (b) | (c) | (d) | | (e) | (f) |
| | | | | Description of Investment Including | | | |
| | Identity of Issue, Borrower, | Identity of Issue, Borrower, | Rate of Interest | Maturity Date, | Number of | | |
| | Lessor, or Similar Party | Lessor, or Similar Party | | Collateral, or Maturity Value | Shares / Units | Cost | Current Value |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **COMMON STOCK** | | | | |
| \* | Chevron Corporation |  | Common Stock | 31097309 | $4739578 |
|  | **TOTAL COMMON STOCK** |  |  |  | **4739578** |
| **\*** | **FIDELITY BROKERAGELINK** |  |  |  | **689002** |
|  | **STABLE VALUE COLLECTIVE INVESTMENT FUNDS** | **STABLE VALUE COLLECTIVE INVESTMENT FUNDS** | **STABLE VALUE COLLECTIVE INVESTMENT FUNDS** |  |  |
|  | Associated Benefits Corporation Stable Value Fund | Associated Benefits Corporation Stable Value Fund | Associated Benefits Corporation Stable Value Fund | 6488 |  |
|  | **TOTAL STABLE VALUE FUNDS** |  |  |  |  |
|  | **OTHER COLLECTIVE INVESTMENT FUNDS** |  |  |  |  |
|  | EARNEST Partners Small Midcap Core Fund Class 1 | EARNEST Partners Small Midcap Core Fund Class 1 | EARNEST Partners Small Midcap Core Fund Class 1 | 3095333 | 54323 |
|  | Principal Diversified Real Asset Fund |  |  | 8593361 | 139814 |
|  | BlackRock LifePath Index Retirement Account C | BlackRock LifePath Index Retirement Account C | BlackRock LifePath Index Retirement Account C | 42632968 | 548938 |
|  | BlackRock LifePath Index 2030 Account C | BlackRock LifePath Index 2030 Account C | BlackRock LifePath Index 2030 Account C | 32270938 | 438097 |
|  | BlackRock LifePath Index 2035 Account C | BlackRock LifePath Index 2035 Account C | BlackRock LifePath Index 2035 Account C | 35952620 | 509945 |
|  | BlackRock LifePath Index 2040 Account C | BlackRock LifePath Index 2040 Account C | BlackRock LifePath Index 2040 Account C | 33294821 | 492018 |
|  | BlackRock LifePath Index 2045 Account C | BlackRock LifePath Index 2045 Account C | BlackRock LifePath Index 2045 Account C | 35226326 | 541154 |
|  | BlackRock LifePath Index 2050 Account C | BlackRock LifePath Index 2050 Account C | BlackRock LifePath Index 2050 Account C | 28106244 | 445554 |
|  | BlackRock LifePath Index 2055 Account C | BlackRock LifePath Index 2055 Account C | BlackRock LifePath Index 2055 Account C | 18366778 | 295279 |
|  | BlackRock LifePath Index 2060 Account C | BlackRock LifePath Index 2060 Account C | BlackRock LifePath Index 2060 Account C | 9909466 | 159526 |
|  | BlackRock LifePath Index 2065 Account C | BlackRock LifePath Index 2065 Account C | BlackRock LifePath Index 2065 Account C | 5106299 | 82224 |
|  | BlackRock LifePath Index 2070 Account C | BlackRock LifePath Index 2070 Account C | BlackRock LifePath Index 2070 Account C | 737102 | 8802 |
|  | BlackRock MSCI ACWI ex-U.S. Index Account C | BlackRock MSCI ACWI ex-U.S. Index Account C | BlackRock MSCI ACWI ex-U.S. Index Account C | 86008705 | 1325110 |
|  | BlackRock Equity Index Account C | BlackRock Equity Index Account C | BlackRock Equity Index Account C | 438308968 | 7439769 |
|  | BlackRock Extended Equity Market Fund M | BlackRock Extended Equity Market Fund M | BlackRock Extended Equity Market Fund M | 126836508 | 1518601 |
|  | BlackRock Government Short-Term Invstmnt Acct C | BlackRock Government Short-Term Invstmnt Acct C | BlackRock Government Short-Term Invstmnt Acct C | 1008801986 | 1008802 |
|  | BlackRock U.S. Debt Index Account C | BlackRock U.S. Debt Index Account C | BlackRock U.S. Debt Index Account C | 45294033 | 506931 |
|  | Capital Group EuropPacific Growth Trust | Capital Group EuropPacific Growth Trust | Capital Group EuropPacific Growth Trust | 17723765 | 296873 |
|  | **TOTAL OTHER COLLECTIVE INVESTMENT FUNDS** | **TOTAL OTHER COLLECTIVE INVESTMENT FUNDS** | **TOTAL OTHER COLLECTIVE INVESTMENT FUNDS** |  | **15811760** |
|  | **SEPARATE ACCOUNT (DODGE & COX)** | **SEPARATE ACCOUNT (DODGE & COX)** | **SEPARATE ACCOUNT (DODGE & COX)** |  |  |
|  | Preferred Stock | Preferred Stock | Preferred Stock |  |  |
|  | CITIGROUP CAP XIII | 7.875% | VAR PFD PAR=25 | 155850 | 4705 |
|  | Corporate Debt |  |  |  |  |
|  | AT&T INC | 2.55% | 12/01/2033 | 1900000 | 1622 |
|  | ELEVANCE HEALTH INC | 5.15% | 06/15/2029 | 875000 | 903 |
|  | ELEVANCE HEALTH INC | 4.75% | 02/15/2030 | 750000 | 765 |
|  | BAT CAPITAL CORP | 6.421% | 08/02/2033 | 775000 | 855 |
|  | BAT CAPITAL CORP | 2.726% | 03/25/2031 | 1775000 | 1637 |
|  | BAT CAPITAL CORP | 4.742% | 03/16/2032 | 900000 | 909 |
|  | BNP PARIBAS | 4.375% | 05/12/2026 144A | 2000000 | 2000 |
|  | BNP PARIBAS | 4.625% | 03/13/2027 144A | 600000 | 603 |
|  | BANK OF AMERICA CORPORATION | 4.25% | 10/22/2026 | 875000 | 877 |
|  | BANK OF AMERICA CORPORATION | 3.593% | VAR 07/21/2028 | 650000 | 646 |
|  | BANK OF AMERICA CORPORATION | 2.496% | VAR 02/13/2031 | 1350000 | 1258 |
|  | BANK OF AMERICA CORPORATION | 3.846% | VAR 03/08/2037 | 3050000 | 2873 |
|  | BANK OF AMERICA CORPORATION | 4.948% | VAR 07/22/2028 | 1000000 | 1014 |
|  | BANK OF AMERICA CORPORATION | 4.623% | VAR 05/09/2029 | 1275000 | 1292 |
|  | BARCLAYS PLC | 4.836% | 05/09/2028 | 1525000 | 1538 |
|  | BARCLAYS PLC | 5.09% | VAR 06/20/2030 | 625000 | 636 |
|  | BARCLAYS PLC | 5.501% | VAR 08/09/2028 | 600000 | 613 |
|  | BARCLAYS PLC | 7.437% | VAR 11/02/2033 | 350000 | 400 |
|  | BARCLAYS PLC | 5.829% | VAR 05/09/2027 | 925000 | 930 |

---

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

EIN 94-0890210 PLAN NO. 001

SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD

DECEMBER 31, 2025

(thousands of dollars)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a) | | (b) | (c) | (d) | | (e) | (f) |
| | | | | Description of Investment Including | | | |
| | Identity of Issue, Borrower, | Identity of Issue, Borrower, | Rate of Interest | Maturity Date, | Number of | | |
| | Lessor, or Similar Party | Lessor, or Similar Party | | Collateral, or Maturity Value | Shares / Units | Cost | Current Value |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| BARCLAYS PLC | 6.49% | VAR 09/13/2029 | 575000 | 608 |
| BAYER US FIN LLC | 6.25% | 01/21/2029 144A | 600000 | 631 |
| BAYER US FIN LLC | 6.375% | 11/21/2030 144A | 1477000 | 1579 |
| BAYER US FIN LLC | 6.5% | 11/21/2033 144A | 400000 | 433 |
| BAYER US FIN II LLC | 4.375% | 12/15/2028 144A | 1100000 | 1101 |
| BNP PARIBAS | 2.588% | VAR 08/12/2035 144A | 1975000 | 1786 |
| BNP PARIBAS | 5.786% | VAR 01/13/2033 144A | 625000 | 656 |
| BNP PARIBAS | 5.085% | VAR 05/09/2031 144A | 1000000 | 1021 |
| BOSTON PROPERTIES LP | 3.65% | 02/01/2026 | 2275000 | 2274 |
| BOSTON PROPERTIES LP | 2.75% | 10/01/2026 | 450000 | 446 |
| BOSTON PROPERTIES LP | 3.4% | 06/21/2029 | 1450000 | 1404 |
| BOSTON PROPERTIES LP | 6.5% | 01/15/2034 | 700000 | 754 |
| CCO HLDGS LLC/CAP CORP | 4.5% | 06/01/2033 144A | 3875000 | 3392 |
| CCO HLDGS LLC/CAP CORP | 4.5% | 05/01/2032 | 1505000 | 1351 |
| CIGNA GROUP (THE) | 4.375% | 10/15/2028 | 450000 | 454 |
| CIGNA GROUP (THE) | 7.875% | 05/15/2027 | 234000 | 245 |
| CIGNA GROUP (THE) | 2.4% | 03/15/2030 | 1000000 | 928 |
| CVS HEALTH CORP | 4.78% | 03/25/2038 | 450000 | 425 |
| CVS HEALTH CORP | 5.05% | 03/25/2048 | 450000 | 397 |
| CVS HEALTH CORP | 3.75% | 04/01/2030 | 275000 | 269 |
| CVS HEALTH CORP | 5.125% | 02/21/2030 | 1000000 | 1027 |
| CVS HEALTH CORP | 6.75% | VAR 12/10/2054 | 325000 | 339 |
| CVS HEALTH CORP | 7% | VAR 03/10/2055 | 2400000 | 2518 |
| CAPITAL ONE FIN CORP | 4.927% | VAR 05/10/2028 | 825000 | 835 |
| CAPITAL ONE FIN CORP | 7.624% | VAR 10/30/2031 | 2225000 | 2515 |
| CAPITAL ONE FIN CORP | 5.7% | VAR 02/01/2030 | 1050000 | 1092 |
| CEMEX SAB DE CV | 5.45% | 11/19/2029 144A | 1650000 | 1671 |
| CEMEX SAB DE CV | 5.2% | 09/17/2030 144A | 925000 | 937 |
| CEMEX SAB DE CV | 3.875% | 07/11/2031 144A | 700000 | 669 |
| CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COM |  |  | 1180000 | 1109 |
| CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COM |  |  | 2575000 | 2121 |
| CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COM |  |  | 1275000 | 1088 |
| COMCAST CORP | 4.95% | 05/15/2032 | 650000 | 666 |
| COX COMMUNICATIONS INC | 3.35% | 09/15/2026 144A | 775000 | 771 |
| COX COMMUNICATIONS INC | 3.5% | 08/15/2027 144A | 400000 | 395 |
| COX COMMUNICATIONS INC | 1.8% | 10/01/2030 144A | 675000 | 591 |
| COX COMMUNICATIONS INC | 5.45% | 09/15/2028 144A | 1325000 | 1363 |
| COX COMMUNICATIONS INC | 5.7% | 06/15/2033 144A | 1100000 | 1109 |
| UBS GROUP AG | 6.327% | VAR 12/22/2027 144A | 250000 | 255 |
| UBS GROUP AG | 6.246% | VAR 09/22/2029 144A | 1175000 | 1237 |
| UBS GROUP AG | 6.301% | VAR 09/22/2034 144A | 1575000 | 1718 |
| DILLARDS INC | 7.75% | 07/15/2026 | 210000 | 213 |
| DILLARDS INC | 7.75% | 05/15/2027 | 125000 | 129 |
| DILLARDS INC | 7% | 12/1/2028 | 280000 | 294 |
| DOMINION ENERGY INC | 5% | 6/15/2030 | 1850000 | 1901 |
| ELANCO ANIMAL HEALTH INC VAR |  | 08/28/2028 | 975000 | 1019 |
| ENEL FINANCE INTL NV | 6% | 10/07/2039 144A | 825000 | 867 |
| ENEL FINANCE INTL NV | 5% | 06/15/2032 144A | 1125000 | 1145 |
| META PLATFORMS INC | 4.6% | 11/15/2032 | 425000 | 428 |
| META PLATFORMS INC | 4.875% | 11/15/2035 | 475000 | 474 |
| FORD MOTOR CREDIT CO LLC | 2.7% | 08/10/2026 | 925000 | 916 |
| FORD MOTOR CREDIT CO LLC | 7.35% | 11/04/2027 | 1850000 | 1931 |
| FORD MOTOR CREDIT CO LLC | 6.8% | 05/12/2028 | 1575000 | 1643 |
| FORD MOTOR CREDIT CO LLC | 6.798% | 11/07/2028 | 1350000 | 1416 |
| FORD MOTOR CREDIT CO LLC | 4.542% | 08/01/2026 | 1144000 | 1142 |
| GE HEALTHCARE TECHNOLOGIES INC | 4.8% | 08/14/2029 | 625000 | 639 |
| GE HEALTHCARE TECHNOLOGIES INC | 5.905% | 11/22/2032 | 800000 | 862 |
| GOLDMAN SACHS GROUP INC (THE) | 5.727% | VAR 04/25/2030 | 1175000 | 1228 |
| GOLDMAN SACHS GROUP INC (THE) | 4.937% | VAR 04/23/2028 | 1150000 | 1163 |

---

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

EIN 94-0890210 PLAN NO. 001

SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD

DECEMBER 31, 2025

(thousands of dollars)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a) | | (b) | (c) | (d) | | (e) | (f) |
| | | | | Description of Investment Including | | | |
| | Identity of Issue, Borrower, | Identity of Issue, Borrower, | Rate of Interest | Maturity Date, | Number of | | |
| | Lessor, or Similar Party | Lessor, or Similar Party | | Collateral, or Maturity Value | Shares / Units | Cost | Current Value |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| GOLDMAN SACHS GROUP INC (THE) | 5.218% | VAR 04/23/2031 | 875000 | 904 |
| GOLDMAN SACHS GROUP INC (THE) | 3.615% | VAR 03/15/2028 | 1775000 | 1765 |
| HCA INC | 3.375% | 03/15/2029 | 1450000 | 1413 |
| HCA INC | 5.25% | 03/01/2030 | 975000 | 1007 |
| HSBC HOLDINGS PLC | 6.5% | 05/02/2036 | 1360000 | 1514 |
| HSBC HOLDINGS PLC | 6.5% | 09/15/2037 | 1300000 | 1426 |
| HSBC HOLDINGS PLC | 2.357% | VAR 08/18/2031 | 1100000 | 1000 |
| HSBC HOLDINGS PLC | 4.762% | VAR 03/29/2033 | 1525000 | 1516 |
| HSBC HOLDINGS PLC | 4.755% | VAR 06/09/2028 | 1275000 | 1286 |
| HSBC HOLDINGS PLC | 8.113% | VAR 11/03/2033 | 350000 | 410 |
| HSBC HOLDINGS PLC | 6.254% | VAR 03/09/2034 | 1050000 | 1142 |
| HSBC HOLDINGS PLC | 5.24% | VAR 05/13/2031 | 700000 | 721 |
| IMPERIAL BRANDS FINANCE PLC | 3.5% | 07/26/2026 144A | 375000 | 373 |
| IMPERIAL BRANDS FINANCE PLC | 3.875% | 07/26/2029 144A | 1200000 | 1176 |
| IMPERIAL BRANDS FINANCE PLC | 6.125% | 07/27/2027 144A | 800000 | 823 |
| IMPERIAL BRANDS FINANCE PLC | 5.5% | 02/01/2030 144A | 850000 | 881 |
| IMPERIAL BRANDS FINANCE PLC | 5.875% | 07/01/2034 144A | 425000 | 444 |
| IMPERIAL BRANDS FINANCE PLC | 4.5% | 06/30/2028 144A | 1050000 | 1058 |
| JPMORGAN CHASE & CO | 2.739% | VAR 10/15/2030 | 800000 | 759 |
| JPMORGAN CHASE & CO | 2.522% | VAR 04/22/2031 | 900000 | 838 |
| JPMORGAN CHASE & CO | 2.956% | VAR 05/13/2031 | 5770000 | 5443 |
| JPMORGAN CHASE & CO | 5.717% | VAR 09/14/2033 | 1225000 | 1295 |
| JAPAN TOBACCO INC | 4.85% | 05/15/2028 144A | 375000 | 382 |
| JAPAN TOBACCO INC | 5.21% | 06/15/2030 144A | 525000 | 545 |
| JAPAN TOBACCO INC | 5.856% | 06/15/2035 144A | 375000 | 400 |
| KINDER MORGAN ENERGY PTNRS LP | 6.95% | 01/15/2038 | 325000 | 365 |
| KINDER MORGAN ENERGY PTNRS LP | 6.5% | 09/01/2039 | 925000 | 998 |
| KINDER MORGAN INC DEL | 4.8% | 02/01/2033 | 725000 | 727 |
| LLOYDS BANKING GROUP PLC | 7.953% | VAR 11/15/2033 | 2400000 | 2792 |
| LLOYDS BANKING GROUP PLC | 4.818% | VAR 06/13/2029 | 625000 | 635 |
| LLOYDS BANKING GROUP PLC | 4.65% | 03/24/2026 | 1500000 | 1502 |
| MARS INC | 4.45% | 03/01/2027 144A | 300000 | 302 |
| MARS INC | 4.6% | 03/01/2028 144A | 450000 | 456 |
| MARS INC | 4.8% | 03/01/2030 144A | 1600000 | 1635 |
| PROSUS NV | 4.85% | 07/06/2027 144A | 2100000 | 2114 |
| NATWEST GROUP PLC | 1.642% | VAR 06/14/2027 | 800000 | 791 |
| NATWEST GROUP PLC | 6.016% | VAR 03/02/2034 | 2425000 | 2601 |
| NATWEST GROUP PLC | 6.475% | VAR 06/01/2034 | 650000 | 682 |
| NEXTERA ENERGY CAP HLDGS INC | 4.625% | 07/15/2027 | 800000 | 809 |
| NEXTERA ENERGY CAP HLDGS INC | 4.90% | 3/15/2029 | 1600000 | 1640 |
| NEXTERA ENERGY CAP HLDGS INC | 4.85% | 02/04/2028 | 450000 | 458 |
| NEXTERA ENERGY CAP HLDGS INC | 5.05% | 03/15/2030 | 1900000 | 1960 |
| NORDSTROM INC | 6.95% | 03/15/2028 | 125000 | 129 |
| FIBERCOP SPA | 7.2% | 07/18/2036 144A | 318000 | 316 |
| FIBERCOP SPA | 7.721% | 06/04/2038 144A | 859000 | 861 |
| ORACLE CORP | 4.2% | 09/27/2029 | 1125000 | 1103 |
| ORACLE CORP | 4.8% | 08/03/2028 | 525000 | 528 |
| PETROLEOS MEXICANOS | 6.625% | 06/15/2035 | 2350000 | 2225 |
| PETROLEOS MEXICANOS | 6.7% | 02/16/2032 | 3237000 | 3228 |
| PETROLEOS MEXICANOS | 6.75% | 09/21/2047 | 725000 | 595 |
| PETROLEOS MEXICANOS | 7.69% | 01/23/2050 | 8025000 | 7193 |
| PHILIP MORRIS INTL INC | 5.125% | 02/15/2030 | 1050000 | 1085 |
| PHILIP MORRIS INTL INC | 5.375% | 02/15/2033 | 900000 | 941 |
| PHILIP MORRIS INTL INC | 4.875% | 02/13/2029 | 150000 | 154 |
| PHILIP MORRIS INTL INC | 5.125% | 02/13/2031 | 150000 | 155 |
| PROSUS NV | 3.68% | 01/21/2030 144A | 200000 | 192 |
| PROSUS NV | 3.832% | 02/08/2051 144A | 1173000 | 788 |
| PROSUS NV | 3.061% | 07/13/2031 144A | 3075000 | 2792 |
| PROSUS NV | 4.193% | 01/19/2032 144A | 775000 | 743 |

---

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

EIN 94-0890210 PLAN NO. 001

SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD

DECEMBER 31, 2025

(thousands of dollars)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a) | | (b) | (c) | (d) | | (e) | (f) |
| | | | | Description of Investment Including | | | |
| | Identity of Issue, Borrower, | Identity of Issue, Borrower, | Rate of Interest | Maturity Date, | Number of | | |
| | Lessor, or Similar Party | Lessor, or Similar Party | | Collateral, or Maturity Value | Shares / Units | Cost | Current Value |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| PROSUS NV | 4.987% | 01/19/2052 144A | 1500000 | 1193 |
| UNUM GROUP | 7.25% | 03/15/2028 | 185000 | 194 |
| RTX CORP | 6% | 03/15/2031 | 375000 | 404 |
| RTX CORP | 6.1% | 03/15/2034 | 375000 | 410 |
| RIO OIL FINANCE TRUST SERIES | 9.75% | 01/06/20 | 367999 | 378 |
| RIO OIL FINANCE TR SER | 8.2% | 04/06/2028 144A | 1180850 | 1217 |
| NATWEST GROUP PLC | 4.892% | VAR 05/18/2029 | 825000 | 839 |
| SCHWAB CHARLES CORP | 5.643% | VAR 05/19/2029 | 1050000 | 1090 |
| SCHWAB CHARLES CORP | 5.853% | VAR 05/19/2034 | 200000 | 214 |
| SCHWAB CHARLES CORP | 6.136% | VAR 08/24/2034 | 750000 | 817 |
| SCHWAB CHARLES CORP | 6.196% | VAR 11/17/2029 | 1275000 | 1348 |
| SOUTHERN COMPANY STEP | | 08/01/2027 | 1825000 | 1854 |
| SOUTHERN COMPANY T | | 5Y+NA 01/15/2051 | 1875000 | 1874 |
| SOUTHERN COMPANY | 3.75% | VAR 09/15/2051 | 1125000 | 1109 |
| SOUTHERN COMPANY | 4.85% | 06/15/2028 | 675000 | 687 |
| SYNOPSYS INC | 4.65% | 04/01/2028 | 225000 | 228 |
| SYNOPSYS INC | 4.85% | 04/01/2030 | 1090000 | 1113 |
| SYNOPSYS INC | 5% | 04/01/2032 | 475000 | 485 |
| T-MOBILE USA INC | 4.375% | 04/15/2040 | 375000 | 336 |
| T-MOBILE USA INC | 3.875% | 04/15/2030 | 1175000 | 1155 |
| T-MOBILE USA INC | 3.375% | 04/15/2029 | 1225000 | 1194 |
| T-MOBILE USA INC | 3.5% | 04/15/2031 | 1125000 | 1076 |
| T-MOBILE USA INC | 2.55% | 02/15/2031 | 550000 | 502 |
| T-MOBILE USA INC | 3.4% | 10/15/2052 | 800000 | 538 |
| TIME WARNER CABLE LLC | 7.3% | 07/01/2038 | 400000 | 428 |
| TRANSCANADA TRUST | 5.875% | VAR 08/15/2076 | 2762000 | 2765 |
| TRANSCANADA TRUST | 5.3% | VAR 03/15/2077 | 2400000 | 2400 |
| TRANSCANADA TRUST | 5.5% | VAR 09/15/2079 | 2225000 | 2208 |
| UBS GROUP AG | 5.959% | VAR 01/12/2034 144A | 2050000 | 2185 |
| UNUM GROUP | 6.75% | 12/15/2028 | 75000 | 80 |
| ULTRAPAR INTERNATIONL SA | 5.25% | 10/06/2026 144A | 700000 | 697 |
| ULTRAPAR INTERNATIONL SA | 5.25% | 06/06/2029 144A | 286000 | 284 |
| UNICREDIT SPA | 7.296% | VAR 04/02/2034 144A | 2300000 | 2466 |
| UNICREDIT SPA | 5.459% | VAR 06/30/2035 144A | 2550000 | 2599 |
| UNION PAC RR CO | 5.866% | 07/02/2030 | 15814 | 16 |
| VERIZON COMMUNICATIONS INC | 1.75% | 01/20/2031 | 1925000 | 1694 |
| VODAFONE GROUP PLC USSW | | 5+NA 04/04/2079 | 1375000 | 1457 |
| WELLS FARGO & CO NEW | 4.1% | 06/03/2026 | 675000 | 675 |
| WELLS FARGO & CO NEW | 2.393% | VAR 06/02/2028 | 725000 | 708 |
| WELLS FARGO & CO NEW | 3.35% | VAR 03/02/2033 | 600000 | 560 |
| WELLS FARGO & CO NEW | 4.897% | VAR 07/25/2033 | 1275000 | 1295 |
| WELLS FARGO & CO NEW | 5.389% | VAR 04/24/2034 | 1075000 | 1118 |
| WELLS FARGO & CO NEW | 5.198% | VAR 01/23/2030 | 1000000 | 1030 |
| WELLS FARGO & CO NEW | 4.9% | VAR 01/24/2028 | 625000 | 630 |
| Total Corporate Debt | | | | 200527 |
| Mortgage Backed Securities |  |  |  |  |
| FHLG | 5.50% | 1/35 #G01749 | 8517 | 9 |
| FHLG | 6.50% | 12/32 #G01767 | 5917 | 7 |
| FHLG | 6.00% | 2/35 #G01777 | 280449 | 294 |
| FHLG | 5.50% | 3/34 #G01665 | 18285 | 19 |
| FNMA ARM | 2.37% | 12/01/2050#841677 | 1383046 | 1311 |
| FNMA ARM | 2.322% | 05/01/2052#841408 | 1704919 | 1566 |
| FNMA ARM | 3.307% | 06/01/2052#841422 | 3331280 | 3204 |
| FHLG | 6.50% | 10/26 #G30305 | 437 | 1 |
| FHLM ARM | 3.326% | 9/33 #1B1150 | 7513 | 8 |
| FHLM ARM | 2.74% | 4/36 #847671 | 4373 | 5 |
| FHLG | 6.50% | 03/01/2038# | 12739 | 14 |

---

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

EIN 94-0890210 PLAN NO. 001

SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD

DECEMBER 31, 2025

(thousands of dollars)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a) | | (b) | (c) | (d) | | (e) | (f) |
| | | | | Description of Investment Including | | | |
| | Identity of Issue, Borrower, | Identity of Issue, Borrower, | Rate of Interest | Maturity Date, | Number of | | |
| | Lessor, or Similar Party | Lessor, or Similar Party | | Collateral, or Maturity Value | Shares / Units | Cost | Current Value |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| FHLG | 7.00% | 11/38 #G05603 | 3184 | 3 |
| FHLG | 5.50% | 07/01/2035# | 10874 | 11 |
| FHLG | 6.00% | 1/38 #G06238 | 11170 | 12 |
| FHLG | 6.00% | 2/39 #G06570 | 13113 | 14 |
| FHLG | 6.00% | 1/39 #G06932 | 143514 | 152 |
| FHLG | 5.50% | 1/40 #G07074 | 234259 | 243 |
| FHLG | 4.50% | 09/01/2041#G07568 | 217071 | 218 |
| FHLG | 4.50% | 11/01/2043#G07596 | 201362 | 202 |
| FHLG | 4% | 11/01/2035#C91857 | 156275 | 156 |
| FHLG | 3.50% | 10/01/2035#C91853 | 253915 | 250 |
| FHLM ARM | 2.37% | 1/36 #1H2581 | 4961 | 5 |
| FHLM ARM | 2.60% | 3/37 #1G2667 | 4846 | 5 |
| FHLM ARM | 5.31% | 7/37 #1G2080 | 8277 | 9 |
| FHLM ARM | 5.23% | 2/38 #1Q0479 | 1544 | 2 |
| FHLM ARM | 4.93% | 6/38 #1Q0556 | 2594 | 3 |
| FHLM ARM | 4.91% | 4/38 #1Q0557 | 421 |  |
| FHLM ARM | 5.09% | 4/38 #1Q0558 | 5579 | 6 |
| FHLM ARM | 0% | 07/38#1Q1400 | 46958 | 49 |
| FHLG | 6.50% | 9/37 #H09070 | 1595 | 2 |
| FHLG | 6.00% | 6/38 #H09203 | 776 | 1 |
| FHLM ARM | 5.43% | 10/38 #848349 | 3213 | 3 |
| FHLM ARM | 2.54% | 01/01/2042#849254 | 42063 | 44 |
| FHLM ARM | 0% | 01/45#849625 | 43974 | 45 |
| FHLM ARM | 0% | 05/44#2B2591 | 21192 | 22 |
| FHLM ARM | 2.896% | 02/01/45#2B3797 | 64755 | 67 |
| FHLG | 3.50% | 06/01/2034#SB0019 | 714352 | 704 |
| FHLG | 3% | 04/01/2052#SD1000 | 9860843 | 8832 |
| FHLG | 3% | 05/01/2052#SD1080 | 1341401 | 1198 |
| FHLG | 4.50% | 01/01/2054#SD6706 | 12098746 | 11850 |
| FHLG | 4.50% | 02/01/2054#SD7485 | 2940925 | 2883 |
| FHLG | 2.50% | 11/01/2050#SD7530 | 3559914 | 3070 |
| FHLG | 3.50% | 02/01/2052# | 1379554 | 1283 |
| FHLG | 3.50% | 06/52#SD8221 | 15093244 | 13978 |
| FHLG | 4% | 07/01/2052#SD8227 | 9956387 | 9512 |
| FHLG | 3.50% | 05/01/2052#SD8214 | 10377767 | 9611 |
| FHLG | 4% | 10/01/2052#SD8256 | 6704013 | 6390 |
| FHLG | 4% | 09/01/2052#SD8244 | 31412096 | 29960 |
| FHLG | 4% | 12/01/2052#SD8274 | 3749188 | 3566 |
| FHLG | 4.50% | 12/01/2052#SD8275 | 6914150 | 6783 |
| FHLG | 4.50% | 03/47#V83108 | 411191 | 410 |
| FHLG | 4.50% | 06/01/2047#Q48869 | 308665 | 308 |
| FHLG | 4.50% | 02/45#G60034 | 264359 | 264 |
| FHLG | 4.50% | 03/47#G61080 | 1279982 | 1282 |
| FHLG | 3.50% | 06/01/2052#QE3344 | 1900064 | 1760 |
| FHLG | 4% | 10/01/2052#QF1212 | 2134153 | 2034 |
| FHLG | 2.50% | 11/01/2051#RA6337 | 10274558 | 8831 |
| FHLG | 3.50% | 07/01/2052#RA7656 | 8394005 | 7811 |
| FHLG | 2% | 01/01/2042#RB5141 | 2189905 | 1913 |
| FHLM ARM | 0% | 08/46#840380 | 135947 | 140 |
| FHLM ARM | 0% | 05/45#840402 | 296311 | 305 |
| FHLM ARM | 2.37% | 2/34 #781274 | 6993 | 7 |
| FHLM ARM | 0% | 09/36#782735 | 58798 | 60 |
| FEDERAL NAT MTG ASN GTD REM PA | 3% | 12/25/42 | 1623975 | 1490 |
| FEDERAL NAT MTG ASN GTD REM PA |  | 30A+63.448 12/25/43 | 147345 | 145 |
| FNMA | 7.00% | 11/37 #256985 | 8544 | 9 |
| FNMA | 6.50% | 2/38 #310048 | 5060 | 5 |
| FEDERAL HOME LN MTG MLT CTF GT VAR |  | 12/15/2043 | 135551 | 135 |
| FEDERAL HOME LN MTG MLT CTF GT | 2.50% | 01/15/2044 | 10452951 | 9335 |
| FEDERAL HOME LN MTG MLT CTF GT VAR |  | 03/15/2044 | 272472 | 275 |

---

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

EIN 94-0890210 PLAN NO. 001

SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD

DECEMBER 31, 2025

(thousands of dollars)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a) | | (b) | (c) | (d) | | (e) | (f) |
| | | | | Description of Investment Including | | | |
| | Identity of Issue, Borrower, | Identity of Issue, Borrower, | Rate of Interest | Maturity Date, | Number of | | |
| | Lessor, or Similar Party | Lessor, or Similar Party | | Collateral, or Maturity Value | Shares / Units | Cost | Current Value |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| FEDERAL HOME LN MTG MLT CTF GT | 3% | 12/15/20 | 1293250 | 1196 |
| FEDERAL HOME LN MTG MLT CTF GT VAR |  | 03/25/2026 | 544696 | 1 |
| FEDERAL HOME LN MTG MLT CTF GT VAR |  | 05/25/2026 | 207045 |  |
| FEDERAL HOME LN MTG MLT CTF GT | 3.50% | 03/15/2047 | 2985223 | 2741 |
| FEDERAL HOME LN MTG MLT CTF GT |  | 04/25/2027 | 2459930 | 18 |
| FEDERAL HOME LN MTG MLT CTF GT |  | 06/25/2027 | 2121998 | 17 |
| FEDERAL HOME LN MTG MLT CTF GT CSTR |  | 7/25/2027 | 5685139 | 39 |
| FEDERAL HOME LN MTG MLT CTF GT | 4% | 08/15/2048 | 1688315 | 1596 |
| FEDERAL HOME LN MTG MLT CTF GT K |  | 090 X1 VAR 02/25/29 | 15881433 | 323 |
| FEDERAL HOME LN MTG MLT CTF GT X |  | 1 CSTR 01/25/2030 | 7157393 | 371 |
| FEDERAL HOME LN MTG MLT CTF GT | 3% | 07/25/2041 | 2221842 | 2027 |
| FEDERAL HOME LN MTG MLT CTF GT | 2.50% | 04/25/2050 | 884082 | 775 |
| FNMA | 6.00% | 3/33 #555285 | 11734 | 12 |
| FNMA ARM | 5.79% | 11/37 #AL0144 | 1814 | 2 |
| FNMA ARM |  | 5.125 10/38 #AL1043 | 6510 | 7 |
| FNMA | 4.50% | #AL4165 | 349176 | 351 |
| FNMA ARM | 0% | 02/44#AL4831 | 92937 | 96 |
| FNMA ARM | 2.99% | 02/01/2044#AL4980 | 51565 | 53 |
| FNMA ARM | 2.569% | 04/01/2044#AL5129 | 127785 | 132 |
| FNMA | 4.50% | #AL5441 | 186475 | 187 |
| FNMA | 4.50% | 07/01/2042#AL5749 | 224543 | 225 |
| FNMA ARM | 2.719% | 10/01/2044#AL5968 | 68294 | 71 |
| FNMA | 3.50% | 12/01/2029#AL7205 | 70357 | 70 |
| FNMA | 4.50% | 09/42#AL7306 | 325288 | 326 |
| FNMA | 4.50% | 09/45#AL7384 | 164922 | 165 |
| FNMA | 4.50% | 02/46#AL9781 | 293333 | 294 |
| FNMA | 3.50% | 02/01/2031#AL9063 | 226880 | 225 |
| FNMA | 4.50% | 02/01/2046#AL9128 | 65031 | 65 |
| FNMA | 4.50% | #AL9407 | 93562 | 94 |
| FNMA ARM | 0% | 11/01/2046# | 81833 | 85 |
| FNMA | 4.50% | 07/46#AL8816 | 241306 | 241 |
| FNMA ARM | 4.031% | 04/01/2042# | 58887 | 61 |
| FNMA ARM RFT |  | 1Y+156.5 565 03/01/2043#AR6900 | 27602 | 28 |
| FNMA ARM | 2.907% | 09/01/2044#AT7040 | 7260 | 8 |
| FNMA ARM | 0% | 05/44#AW4688 | 40662 | 42 |
| FNMA ARM | 2.764% | 12/01/2044#AX2197 | 67954 | 70 |
| FNMA | 4% | 10/45#AZ4765 | 1450379 | 1404 |
| FNMA | 5.50% | 2/33 #677709 | 10206 | 11 |
| FNW | 7% | 07/25/2042 | 28340 | 29 |
| FNW | 7.50% | 03/25/2044 | 5048 | 5 |
| FNW | 7.50% | 06/25/2044 | 3977 | 4 |
| FNW |  | 2005-W1 1A3 7 10/44 | 19443 | 20 |
| FEDERAL NAT MTG ASN GTD REM PA | 5.00% | 05/25/2037 | 52334 | 52 |
| FNW |  | 2007-W10 1A CSTR 8/47 | 16305 | 16 |
| FNW |  | 2007-W10 2A CSTR 8/47 | 4744 | 5 |
| FHR |  | 3312 AB 6.5 6/32 | 5206 | 5 |
| FNR |  | 2008-24 GD 6.5 3/37 | 1927 | 2 |
| FNR |  | 2009-40 TB 6 6/39 | 9390 | 10 |
| FNR | 7% | 11/25/2040 | 66260 | 70 |
| FEDERAL NAT MTG ASN GTD REM PA | 3.50% | 12/25/2030 | 301283 | 299 |
| FNMA | 5.50% | 2/34 #725206 | 4262 | 4 |
| FNMA | 6.00% | 3/34 #725228 | 49283 | 51 |
| FNMA | 6.00% | 3/34 #725330 | 65902 | 69 |
| FNMA | 6.50% | 12/32 #735415 | 25753 | 27 |
| FNMA ARM | 4.83% | 8/35 #735869 | 2318 | 2 |
| FNMA ARM | 2.53% | 1/36 #745303 | 5269 | 5 |
| FNMA | 6.00% | 6/35 #745398 | 6649 | 7 |
| FNMA | 6.00% | 4/34 #745942 | 8990 | 9 |
| FNMA ARM | 2.20% | 8/35 #832257 | 3972 | 4 |

---

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

EIN 94-0890210 PLAN NO. 001

SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD

DECEMBER 31, 2025

(thousands of dollars)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a) | | (b) | (c) | (d) | | (e) | (f) |
| | | | | Description of Investment Including | | | |
| | Identity of Issue, Borrower, | Identity of Issue, Borrower, | Rate of Interest | Maturity Date, | Number of | | |
| | Lessor, or Similar Party | Lessor, or Similar Party | | Collateral, or Maturity Value | Shares / Units | Cost | Current Value |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| FNMA | 4.50% | 02/01/2041#BF0199 | 1251647 | 1256 |
| FNMA ARM | 0% | 10/47#BH9347 | 18447 | 19 |
| FNMA | 4.50% | 06/01/2048#BJ9262 | 478526 | 475 |
| FNMA | 4.50% | 01/43#BM1357 | 267102 | 267 |
| FNMA ARM | 3.331% | 03/01/2048#BM3572 | 506088 | 520 |
| FNMA | 4% | 02/01/2047#BM3386 | 681444 | 660 |
| FNMA ARM | 3.359% | 10/01/2049#BM6149 | 302472 | 307 |
| FNMA | 4% | 05/01/2052#BV5583 | 1680788 | 1606 |
| FNMA | 4.50% | 11/01/2048#CA2643 | 259477 | 258 |
| FNMA | 2.50% | 07/01/2050#CA6271 | 3658415 | 3144 |
| FNMA | 2.50% | 07/01/2050#CA6329 | 4465709 | 3851 |
| FNMA | 2.50% | 07/01/2050#CA6398 | 2457272 | 2120 |
| FNMA | 4.50% | 10/01/2052#CB4852 | 2246832 | 2204 |
| FNMA | 3.50% | 01/01/2051#FM7599 | 1955151 | 1826 |
| FNMA | 2.50% | 03/01/2051#FM8215 | 3248469 | 2807 |
| FNMA | 2.50% | 11/01/2051#FM9719 | 9447168 | 8096 |
| FNMA | 3.50% | 04/01/2052#FS1443 | 5051513 | 4700 |
| FNMA | 3% | 09/01/2042#FS3743 | 2234446 | 2063 |
| FNMA | 4.50% | 02/01/2054#FS9443 | 4538698 | 4446 |
| FNMA | 6.50% | 11/37 #888891 | 6852 | 7 |
| FNMA | 6.00% | 3/36 #888956 | 12946 | 13 |
| FNMA | 7.00% | 12/37 #889886 | 8352 | 9 |
| FNMA ARM | 2.979% | 2/37 #907860 | 3564 | 4 |
| FNMA | 6.00% | 8/37 #995487 | 5983 | 6 |
| FNMA | 5.50% | 9/36 #995575 | 5062 | 5 |
| FNMA ARM | 5.29% | 10/38 #995005 | 1255 | 1 |
| FNMA | 6.00% | 5/36 #995212 | 20573 | 22 |
| FNMA | 6.50% | 12/38 #995694 | 5083 | 5 |
| FNMA | 5.50% | 9/36 #995788 | 69322 | 72 |
| FNMA | 4.00% | 11/1/30 #AB1763 | 45802 | 46 |
| FNMA | 4.00% | 03/01/2034#MA1814 | 377953 | 379 |
| FNMA | 4.00% | 09/01/2034 #MA2055 | 249547 | 249 |
| FNMA | 4.00% | 01/01/2035#MA2141 | 350829 | 350 |
| FNMA | 4.00% | 07/01/2035#MA2366 | 199857 | 199 |
| FNMA | 3.50% | 04/37#MA2962 | 337975 | 330 |
| FNMA | 5% | 03/01/2049#MA3617 | 143575 | 146 |
| FNMA | 4.00% | 9/31 #MA3894 | 90617 | 90 |
| FNMA | 3.50% | 06/01/2052# | 1288226 | 1193 |
| FNMA | 4% | 06/01/2052#MA4626 | 1732062 | 1652 |
| FNMA | 3.50% | 05/01/2052#MA4600 | 6268366 | 5805 |
| FNMA | 3.50% | 07/01/2052#MA4654 | 5384967 | 4987 |
| FNMA | 4.50% | 08/01/2052#MA4701 | 1869867 | 1834 |
| FNMA | 4% | 09/01/2052#MA4732 | 19841875 | 18924 |
| FNMA | 4.50% | 09/01/2052#MA4733 | 5567352 | 5462 |
| FNMA | 4.50% | 04/01/2053#MA4977 | 666003 | 653 |
| FNMA | 4.50% | 07/01/2053#MA5070 | 855258 | 838 |
| FNMA | 4.50% | 12/01/2054#MA5551 | 5129933 | 5010 |
| FNMA | 5.50% | 9/38 #AD0198 | 33100 | 34 |
| FNMA | 5.50% | 4/37 #AD0249 | 37216 | 38 |
| FNMA | 5.50% | 12/39 #AD0494 | 5872 | 6 |
| FNMA | 5.50% | 9/39 #AD0650 | 6017 | 6 |
| FNMA | 5.50% | 6/36 #AD0663 | 26171 | 27 |
| FNMA | 5.50% | 7/35 #AD0931 | 10080 | 10 |
| FNMA | 6.50% | 9/38 #AE0012 | 24846 | 26 |
| FNMA | 6.50% | 1/39 #AE0442 | 22930 | 24 |
| FHLM | 4% | 04/01/2053#SL1300 | 1644295 | 1570 |
| FHLM ARM | 0% | 01/01/2053#8C6022 | 6501845 | 6451 |
| GOVERNMENT NAT MTG ASSN HECM |  | 12M+86.513 12/20/1967 | 972104 | 975 |

---

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

EIN 94-0890210 PLAN NO. 001

SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD

DECEMBER 31, 2025

(thousands of dollars)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a) | | (b) | (c) | (d) | | (e) | (f) |
| | | | | Description of Investment Including | | | |
| | Identity of Issue, Borrower, | Identity of Issue, Borrower, | Rate of Interest | Maturity Date, | Number of | | |
| | Lessor, or Similar Party | Lessor, or Similar Party | | Collateral, or Maturity Value | Shares / Units | Cost | Current Value |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| GOVERNMENT NAT MTG ASSN HECM | | 2018-H02 FM TSFR12M+8 | 968922 | 971 |
| GOVERNMENT NAT MTG ASSN HECM | | 12M+98.513 9/20/1967 | 662676 | 667 |
| GNR | | 2018-H05 FE TSFR12M+78.513 02/68 | 1398189 | 1402 |
| GOVERNMENT NAT MTG ASSN HECM | | 2018-H09 FA TSFR12M+1 | 802466 | 812 |
| GOVERNMENT NAT MTG ASSN HECM TSFR | | 1M+71.448 12/20/2 | 2112147 | 2111 |
| GOVERNMENT NAT MTG ASSN HECM | | 2019-H04 FA TSFR12M+1 | 867169 | 872 |
| GOVERNMENT NAT MTG ASSN HECM TSFR | | 12M+106.513 05/20 | 487000 | 491 |
| GOVERNMENT NAT MTG ASSN HECM TSFR | | 12M+116.513 05/20 | 3498054 | 3527 |
| GOVERNMENT NAT MTG ASSN HECM TSFR | | 1M+76.448 01/20/2 | 1224629 | 1223 |
| GNR | | 2022-H09 FA SOFR30A+67 04/20/2072 | 2747424 | 2741 |
| GOVERNMENT NAT MTG AS REMIC PT SOFR | | 30A+97 05/20/20 | 1189415 | 1198 |
| SBAP | 5.32% | 2007-20D 1 4/27 | 2624 | 3 |
| US DEPT VETS AFF GTD REMI PASS | 7.50% | 6/15/2027 | 5573 | 6 |
| Total Mortgage Backed Securities | | | | 282332 |
| Government Securities (Municipal Bonds & U.S. Govt & Foreign Obligations) | Government Securities (Municipal Bonds & U.S. Govt & Foreign Obligations) | Government Securities (Municipal Bonds & U.S. Govt & Foreign Obligations) |  |  |
| CA ST | 7.55% | 04/01/2039 | 850000 | 1032 |
| CA ST | 7.3% | 10/01/2039 | 410000 | 477 |
| CA ST | 7.35% | 11/01/2039 | 1005000 | 1175 |
| CA ST | 7.625% | 03/01/2040 | 785000 | 946 |
| IL ST TAXMUNI | 5.1% | 06/01/2033 | 4602696 | 4717 |
| NEW JERSEY ST TPK AUTH TPK |  | 01/01/2041 | 1470000 | 1717 |
| USTPRIN | 0% | 08/15/2053 | 43165000 | 10995 |
| USTPRIN | 0% | 11/15/2055 | 2762000 | 640 |
| UNITED STATES TREASURY BOND | 2.875% | 05/15/2052 | 6345000 | 4434 |
| UNITED STATES TREASURY BOND | 3% | 08/15/2052 | 1066000 | 763 |
| USTN TII | 1.5% | 02/15/2053 | 2610000 | 2231 |
| UNITED STATES TREASURY BOND | 3.625% | 05/15/2053 | 2960000 | 2394 |
| UNITED STATES TREASURY BOND | 4.125% | 08/15/2053 | 20838000 | 18447 |
| UNITED STATES TREASURY BOND | 4.25% | 02/15/2054 | 15504000 | 14017 |
| USTN TII | 2.125% | 02/15/2054 | 736000 | 702 |
| UNITED STATES TREASURY BOND | 4.5% | 11/15/2054 | 10506000 | 9909 |
| UNITED STATES TREASURY BOND | 4.625% | 02/15/2055 | 1352000 | 1305 |
| USTN TII | 2.375% | 02/15/2055 | 1835000 | 1798 |
| UNITED STATES TREASURY BOND | 4.75% | 05/15/2055 | 1986000 | 1952 |
| UST NOTES | 4.25% | 08/15/2035 | 12149000 | 12236 |
| UST NOTES | 4% | 11/15/2035 | 9612000 | 9474 |
| COLOMBIA REPUBLIC OF | 3.125% | 04/15/2031 | 1250000 | 1084 |
| COLOMBIA REPUBLIC OF | 7.75% | 11/07/2036 | 250000 | 261 |
| COLOMBIA REPUBLIC OF | 7.375% | 04/25/2030 | 1325000 | 1399 |
| Total Government Securities |  |  |  | 104105 |
| Asset-Backed Securities |  |  |  |  |
| ECMC GROUP STUDENT LN TR |  | 2017-1A A SOFR30A+131.448 | 2489830 | 2509 |
| FORD CRDT AUTO OWNER TRUST | 5.09% | 2024 12/15/2028 | 2576135 | 2598 |
| FORD CREDIT AUTO OWNER TRUST | 4.52% | 2025-A 02/15/2031 | 3825000 | 3886 |
| FORD CREDIT AUTO OWNER TRUST | 4.88% | 2024-D 09/15/2030 | 1876000 | 1913 |
| HONDA AUTO RECEIVABLES OWNER | 4.57% | 09/21/2029 | 1972000 | 1994 |
| HONDA AUTO RECEIVABLES OWNER | 4.64% | 05/21/2031 | 1841000 | 1873 |
| HYUNDAI AUTO RECEIVABLES TRUST | 4.41% | 2024-C A3 05/15/29 | 1942000 | 1957 |
| NAVIENT STUDENT LOAN TRUST |  | 2016-5A A SOFR30A+136.4 | 4139018 | 4212 |
| NAVIENT STUDENT LOAN TRUST |  | 2017-2 SOFR30A+116.448 | 9117280 | 9164 |
| NISSAN AUTO RECEIVABLES | 4.34% | 2024-B OWNER TRUST 0 | 1603000 | 1611 |
| SLC STUDENT LN TR SOFR |  | 90A+41.161 02/15/2045 | 4463808 | 4384 |
| SLC STUDENT LN TR |  | 2007 1 A5 SOFR90A+35.161 05/15/2 | 1430855 | 1385 |
| SLM STUDENT LN TR SOFR |  | 90A+43.161 07/25/2040 | 5204615 | 5130 |

---

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

EIN 94-0890210 PLAN NO. 001

SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD

DECEMBER 31, 2025

(thousands of dollars)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a) | | (b) | (c) | (d) | | (e) | (f) |
| | | | | Description of Investment Including | | | |
| | Identity of Issue, Borrower, | Identity of Issue, Borrower, | Rate of Interest | Maturity Date, | Number of | | |
| | Lessor, or Similar Party | Lessor, or Similar Party | | Collateral, or Maturity Value | Shares / Units | Cost | Current Value |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| SLM STUDENT LN TR | | 2006 8 SOFR90A+42.161 01/25/2041 | 1779910 | 1723 |
| SMB PRIVATE ED LN TR | 4.99% | 2023-B A1A 10/16/2056 1 | 1956140 | 1973 |
| SBAP | | 2006-20A 1 5.21 1/26 | 499 |  |
| SBAP | | 2006-20C 1 5.57 3/26 | 712 | 1 |
| SBAP | 6.07% | 2006-20G 1 7/26 | 1718 | 2 |
| SBAP | | 2007-20A 1 5.32 1/27 | 2080 | 2 |
| SBAP | | 2007-20C 1 5.23 3/27 | 3763 | 4 |
| SBAP | | 2007-20G 1 5.82 7/27 | 3144 | 3 |
| SMB PRIVATE EDUCATION LOAN TRUST | 5.24% | 2024-A A1A | 2455570 | 2500 |
| SMB PRIVATE ED LN TR | 5.13% | 2025-A 04/15/2054 144A | 1439385 | 1461 |
| TOYOTA AUTO RECEIVABLES | 4.64% | 2025-A OWNER TRUST 0 | 1208000 | 1221 |
| UNION PAC RR CO | 6.176% | 2007 3 PT TR 01/02/2031 | 64931 | 69 |
| Total Asset backed securities | | | | 51575 |
| Cash & Cash Equivalents |  |  |  |  |
| State Street Bank & Trust Co |  | Short Term Investment Fund | 7933704 | 7934 |
| Unsettled Sales & Purchases |  |  |  | 17252 |
| **TOTAL SEPARATE ACCOUNT (DODGE & COX)** | **TOTAL SEPARATE ACCOUNT (DODGE & COX)** | **TOTAL SEPARATE ACCOUNT (DODGE & COX)** |  | **668430** |
| **CHEVRON STABLE VALUE SEPARATE ACCOUNT (PUTNAM)** | **CHEVRON STABLE VALUE SEPARATE ACCOUNT (PUTNAM)** | **CHEVRON STABLE VALUE SEPARATE ACCOUNT (PUTNAM)** |  |  |
| Guaranteed Investment Contracts |  |  |  |  |
| Principal Life Insurance Co. | 5.86% |  | 11514730 | 11515 |
| Lincoln National Life Insurance Co. | 5.87% |  | 11555284 | 11555 |
| Lincoln National Life Insurance Co. | 5.93% | 12/31/2027 | 5766798 | 5767 |
| Minnesota Life Insurance Co. | 5.60% |  | 11461910 | 11462 |
| Metropolitan Life Insurance Co. | 5.65% | 1/30/2026 | 5747264 | 5747 |
| Athene Annuity and Life Co. | 4.84% | 3/31/2028 | 5133843 | 5134 |
| United of Omaha Insurance Co. | 4.82% | 6/30/2028 | 5134219 | 5134 |
| Total Guaranteed Investment Contracts |  |  |  | 56314 |
| Security-Backed Investment Contracts | Security-Backed Investment Contracts | Security-Backed Investment Contracts |  |  |
| Putnam Short Duration Government Corporate Trust: |  |  |  |  |
| Prudential Insurance Co. | 5.45% |  | 20847334 | 20847 |
| American General Life Insurance Co. | 5.77% |  | 25837432 | 25838 |
| Massachusetts Mutual Insurance Co. | 5.77% |  | 25838041 | 25838 |
| Pacific Life Insurance Co. | 5.44% |  | 20849271 | 20849 |
| New York Life Insurance Co. | 5.77% |  | 24667201 | 24667 |
| Citibank | 5.44% |  | 20848782 | 20849 |
| American United Life Insurance Co. | 5.45% |  | 20850271 | 20850 |
| Total Security-Backed Investment Contracts | Total Security-Backed Investment Contracts | Total Security-Backed Investment Contracts |  | 159738 |
| Cash & Cash Equivalents | Cash & Cash Equivalents | Cash & Cash Equivalents |  |  |
| Fidelity |  | Short Term Investment Fund | 2181015 | 2181 |
| Unsettled Sales & Purchases |  |  |  | (471) |
| **TOTAL CHEVRON STABLE VALUE SEPARATE ACCOUNT (PUTNAM)** | **TOTAL CHEVRON STABLE VALUE SEPARATE ACCOUNT (PUTNAM)** | **TOTAL CHEVRON STABLE VALUE SEPARATE ACCOUNT (PUTNAM)** |  | **217762** |
| **TOTAL INVESTMENTS PER FINANCIAL STATEMENTS** | **TOTAL INVESTMENTS PER FINANCIAL STATEMENTS** | **TOTAL INVESTMENTS PER FINANCIAL STATEMENTS** |  | **22126532** |
| Cash |  |  |  | **—** |

---

------

**CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN**

EIN 94-0890210 PLAN NO. 001

SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD

DECEMBER 31, 2025

(thousands of dollars)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| (a) | | (b) | (c) | (d) | | (e) | (f) |
| | | | | Description of Investment Including | | | |
| | Identity of Issue, Borrower, | Identity of Issue, Borrower, | Rate of Interest | Maturity Date, | Number of | | |
| | Lessor, or Similar Party | Lessor, or Similar Party | | Collateral, or Maturity Value | Shares / Units | Cost | Current Value |

---

---

| | | | |
|:---|:---|:---|:---|
| **\*** | **PARTICIPANT LOANS** | Interest rates ranging from 2.23% to 10.25% | **124295** |
|  |  | Maturity dates extend to 2054 |  |
|  | **TOTAL INVESTMENTS PER FORM 5500** |  | $**22250827** |
| \* Party-in-interest as defined by ERISA. | \* Party-in-interest as defined by ERISA. | \* Party-in-interest as defined by ERISA. |  |
| ^ Participant directed investment cost not required to be included | ^ Participant directed investment cost not required to be included | ^ Participant directed investment cost not required to be included |  |

---

------

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| Exhibit<br>Number | Description of Exhibit |
| 23.1\* | <u>[Consent of WithumSmith+Brown, PC Independent Registered Public Accounting Firm](a202611-kex231consentchevr.htm)</u> |
| \* Filed herewith. | \* Filed herewith. |

---

------

**SIGNATURES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*The Plan.* Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 24, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN** | **CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN** |
| **By:** | **Chevron Corporation, Plan Administrator** |
| By: | /s/ Rose Z. Pierson |
|  | Rose Z. Pierson<br>Assistant Secretary, Chevron Corporation |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 23.1

**Exhibit 23.1**

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement No. 333-202203 on Form S-8 of our report dated June 24, 2026, appearing in this Annual Report on Form 11-K of the Chevron Employee Savings Investment Plan for the year ended December 31, 2025.

/s/ WithumSmith+Brown, PC

Whippany, New Jersey

June 24, 2026

<br>