Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

pay versus performance table

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive Compensation Actually Paid (“CAP”) and certain financial performance of the Company. For further information concerning the Company’s variable pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Executive Compensation–Compensation Discussion and Analysis” starting on page 47.

	CEO pay							Other NEO pay							Value of initial fixed $100 investment based on:						Other performance measures
Year	Summary compensation table total for CEO(1)			CAP for CEO(2)				Average summary compensation table total for non-CEO NEOs(3)			Average CAP for non-CEO NEOs(4)				Total stockholder return(5)			Peer Group total stockholder return(5)(6)			Net income (billions)(7)				Return on  capital  employed  (ROCE)(8)
2024		$	32,716,940		$	32,819,290			$	7,940,633		$	8,381,055			$	150		$	153		$	17.7			10.1	%
2023(9)		$	27,385,655		$	(23,775,565	)		$	9,582,811		$	(3,233,256	)		$	148		$	151		$	21.4			11.9	%
2022(9)		$	24,192,742		$	87,365,079			$	8,065,929		$	25,159,420			$	171		$	145		$	35.5			20.3	%
2021		$	22,610,285		$	54,351,572			$	8,654,188		$	17,681,842			$	108		$	92		$	15.6			9.4	%
2020		$	29,017,031		$	7,582,335			$	9,053,126		$	2,548,051			$	74		$	66		$	(5.5	)		(2.8	)%

(1) Represents amounts reported for Mr. Wirth for each corresponding year in the “Summary Compensation Table” in the “Total” column.

(2) Amounts for each fiscal year do not reflect the actual amount of compensation earned by or paid to Mr. Wirth during the applicable year. In accordance with SEC rules, the amounts reported in this column were calculated by making the following adjustments to amounts reported for Mr. Wirth in the “Summary Compensation Table” in the “Total” column:

Year	Reported summary compensation table total for CEO		Less reported value of equity awards(a)		Plus award adjustments(b)		Less reported change in the actuarial present value of pension benefits(c)		Plus pension benefit adjustments(d)		CAP  to CEO
2024		$32,716,940		$(18,657,345)		$24,669,488		$(6,719,876)		$810,083		$32,819,290

(a) Represents the sum of the amounts reported in the “Summary Compensation Table” in the “Stock Awards” and “Option Awards” columns.

(b) Represents the following adjustments: (i) the addition of year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the addition (or subtraction if negative) of the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the addition of the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the addition (or subtraction if negative) of the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the addition of the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. Equity award values are calculated in accordance with ASC Topic 718. The amounts deducted or added in calculating the equity award adjustments are as follows:

Year	Year-end fair value of equity awards granted in the year and unvested at year-end		Year over year  change in fair  value of  outstanding  and unvested  equity awards				Fair value as of vesting date of equity awards granted and vested in the year		Year over year change in fair value of equity awards granted in prior years that vested in the year			Fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year				Value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation		Total equity  award  adjustments
2024		$20,514,805		$	(129,038	)		—		$	4,339,116		$	(55,395	)		—		$	24,669,488

(c) Represents the amount reported in the “Summary Compensation Table” in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column.

(d) Represents the aggregate of two components: (i) the actuarially determined service cost under the CRP and RRP for services rendered by Mr. Wirth during the applicable year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the applicable year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments are as follows:

Year	Service cost			Prior service cost		Total pension benefit adjustments
2024		$	810,083		—		$	810,083

(3) Represents, for each applicable year, the average of the amounts reported in the “Summary Compensation Table” in the “Total” column for the NEOs as a group (excluding Mr. Wirth). The NEOs (excluding Mr. Wirth) included for purposes of calculating the average amounts in each applicable year are as follows: for 2024, Ms. Bonner and Messrs. Nelson, Hearne, Pate, and Breber; for 2023, Messrs. Breber, Nelson, Hearne, and Pate; for 2022, Messrs. Breber, Johnson, Nelson, and Pate; and for 2021 and 2020, Messrs. Breber, Johnson, Geagea, and Nelson.

(4) Amounts for each fiscal year do not reflect the actual average of reported amounts of compensation earned by or paid to the NEOs as a group (excluding Mr. Wirth) during the applicable year. In accordance with SEC rules, the amounts reported in this column for each fiscal year were calculated by making the following adjustments to average total compensation for the NEOs as a group (excluding Mr. Wirth), using the same methodology described above in footnote 2. For Ms. Bonner and Mr. Hearne, amounts include U.K. pension benefits.

Year	Average reported summary compensation table total for non-CEO NEOs			Less average reported value of equity awards				Plus average equity award adjustments(a)			Less average reported change in the actuarial present value of pension benefits				Plus average pension benefit adjustments(b)			Average  CAP to  non-CEO NEOs
2024		$	7,940,633		$	(4,213,819	)		$	5,633,988		$	(1,198,160	)		$	218,413		$	8,381,055

(a) The amounts deducted or added in calculating the total average equity award adjustments are as follows:

Year	Average year- end fair value of equity awards granted in the year and unvested at year-end		Year over year average change in fair value of outstanding and unvested equity awards		Average fair value as of vesting date of equity awards granted and vested in the year		Year over year average change in fair value of equity awards granted in prior years that vested in the year		Average fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year			Average value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation		Total average  equity award  adjustments
2024	$	4,633,369	$	40,035		—	$	973,236	$	(12,652	)		—	$	5,633,988

(b) The amounts deducted or added in calculating the total pension benefit adjustments are as follows:

Year	Average service cost			Average prior service cost		Total average pension benefit  adjustments
2024		$	218,413		—		$	218,413

(5) Represents, for each applicable year, cumulative total stockholder return beginning December 31, 2019, at market close.

(6) Competitor Peer Group refers to BP, ExxonMobil, Shell, and TotalEnergies. The average cumulative TSR is weighted by each peer’s market cap as of the beginning of each year.

(7) Figures rounded.

(8) ROCE is calculated by dividing earnings (adjusted for after-tax interest expense and noncontrolling interests) by the average of total debt, noncontrolling interests, and Chevron Corporation stockholders’ equity for the year.

(9) Revised as described in footnote 6(g) of the “Summary Compensation Table” in this Proxy Statement.

Company Selected Measure Name

ROCE

Named Executive Officers, Footnote

for 2024, Ms. Bonner and Messrs. Nelson, Hearne, Pate, and Breber; for 2023, Messrs. Breber, Nelson, Hearne, and Pate; for 2022, Messrs. Breber, Johnson, Nelson, and Pate; and for 2021 and 2020, Messrs. Breber, Johnson, Geagea, and Nelson.

Peer Group Issuers, Footnote

Competitor Peer Group refers to BP, ExxonMobil, Shell, and TotalEnergies.

PEO Total Compensation Amount

$ 32,716,940

$ 27,385,655

$ 24,192,742

$ 22,610,285

$ 29,017,031

PEO Actually Paid Compensation Amount

$ 32,819,290

(23,775,565)

87,365,079

54,351,572

7,582,335

Adjustment To PEO Compensation, Footnote

(2) Amounts for each fiscal year do not reflect the actual amount of compensation earned by or paid to Mr. Wirth during the applicable year. In accordance with SEC rules, the amounts reported in this column were calculated by making the following adjustments to amounts reported for Mr. Wirth in the “Summary Compensation Table” in the “Total” column:

Year	Reported summary compensation table total for CEO		Less reported value of equity awards(a)		Plus award adjustments(b)		Less reported change in the actuarial present value of pension benefits(c)		Plus pension benefit adjustments(d)		CAP  to CEO
2024		$32,716,940		$(18,657,345)		$24,669,488		$(6,719,876)		$810,083		$32,819,290

(a) Represents the sum of the amounts reported in the “Summary Compensation Table” in the “Stock Awards” and “Option Awards” columns.

(b) Represents the following adjustments: (i) the addition of year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the addition (or subtraction if negative) of the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the addition of the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the addition (or subtraction if negative) of the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the addition of the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. Equity award values are calculated in accordance with ASC Topic 718. The amounts deducted or added in calculating the equity award adjustments are as follows:

Year	Year-end fair value of equity awards granted in the year and unvested at year-end		Year over year  change in fair  value of  outstanding  and unvested  equity awards				Fair value as of vesting date of equity awards granted and vested in the year		Year over year change in fair value of equity awards granted in prior years that vested in the year			Fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year				Value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation		Total equity  award  adjustments
2024		$20,514,805		$	(129,038	)		—		$	4,339,116		$	(55,395	)		—		$	24,669,488

(c) Represents the amount reported in the “Summary Compensation Table” in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column.

(d) Represents the aggregate of two components: (i) the actuarially determined service cost under the CRP and RRP for services rendered by Mr. Wirth during the applicable year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the applicable year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments are as follows:

Year	Service cost			Prior service cost		Total pension benefit adjustments
2024		$	810,083		—		$	810,083

Non-PEO NEO Average Total Compensation Amount

$ 7,940,633

9,582,811

8,065,929

8,654,188

9,053,126

Non-PEO NEO Average Compensation Actually Paid Amount

$ 8,381,055

(3,233,256)

25,159,420

17,681,842

2,548,051

Adjustment to Non-PEO NEO Compensation Footnote

(4) Amounts for each fiscal year do not reflect the actual average of reported amounts of compensation earned by or paid to the NEOs as a group (excluding Mr. Wirth) during the applicable year. In accordance with SEC rules, the amounts reported in this column for each fiscal year were calculated by making the following adjustments to average total compensation for the NEOs as a group (excluding Mr. Wirth), using the same methodology described above in footnote 2. For Ms. Bonner and Mr. Hearne, amounts include U.K. pension benefits.

Year	Average reported summary compensation table total for non-CEO NEOs			Less average reported value of equity awards				Plus average equity award adjustments(a)			Less average reported change in the actuarial present value of pension benefits				Plus average pension benefit adjustments(b)			Average  CAP to  non-CEO NEOs
2024		$	7,940,633		$	(4,213,819	)		$	5,633,988		$	(1,198,160	)		$	218,413		$	8,381,055

(a) The amounts deducted or added in calculating the total average equity award adjustments are as follows:

Year	Average year- end fair value of equity awards granted in the year and unvested at year-end		Year over year average change in fair value of outstanding and unvested equity awards		Average fair value as of vesting date of equity awards granted and vested in the year		Year over year average change in fair value of equity awards granted in prior years that vested in the year		Average fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year			Average value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation		Total average  equity award  adjustments
2024	$	4,633,369	$	40,035		—	$	973,236	$	(12,652	)		—	$	5,633,988

(b) The amounts deducted or added in calculating the total pension benefit adjustments are as follows:

Year	Average service cost			Average prior service cost		Total average pension benefit  adjustments
2024		$	218,413		—		$	218,413

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and TSR (cumulative and peer)(1)

Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Income(1)

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid and ROCE(1)

Total Shareholder Return Vs Peer Group

Compensation Actually Paid and TSR (cumulative and peer)(1)

Tabular List, Table

financial performance measures

The three measures listed below are important financial performance measures used by the Company to link CAP to the NEOs, for the most recently completed fiscal year, to the Company’s performance. These financial measures are part of our short-term and long-term incentive plan design that reflects the Company’s philosophy to pay for absolute and competitive performance, in alignment with stockholder returns.

• Earnings1

• ROCE2

• Free cash flow3

1. Earnings as detailed in “Definitions of Selected Financial Terms” in Exhibit 99.1 of Chevron’s Annual Report on Form 10-K for the year ended December 31, 2024.

2. ROCE is calculated by dividing earnings (adjusted for after-tax interest expense and noncontrolling interests) by the average of total debt, noncontrolling interests and Chevron Corporation stockholders’ equity for the year.

3. Free cash flow is a non-GAAP financial measure. See Appendix A for a reconciliation to U.S. GAAP.

Total Shareholder Return Amount

$ 150

148

171

108

74

Peer Group Total Shareholder Return Amount

153

151

145

92

66

Net Income (Loss)

$ 17,700,000,000

$ 21,400,000,000

$ 35,500,000,000

$ 15,600,000,000

$ (5,500,000,000)

Company Selected Measure Amount

10.1

11.9

20.3

9.4

(2.8)

PEO Name

Mr. Wirth

Measure:: 1

Pay vs Performance Disclosure

Name

Earnings

Measure:: 2

Pay vs Performance Disclosure

Name

ROCE

Measure:: 3

Pay vs Performance Disclosure

Name

Free cash flow

Non-GAAP Measure Description

Free cash flow is a non-GAAP financial measure. See Appendix A for a reconciliation to U.S. GAAP.

PEO | Equity Awards Adjustments

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 24,669,488

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

20,514,805

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(129,038)

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

4,339,116

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(55,395)

PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Reported Value of Equity Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(18,657,345)

PEO | Reported Change in the Actuarial Present Value of Pension Benefits [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(6,719,876)

PEO | Pension Benefit Adjustments [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

810,083

PEO | Service Cost [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

810,083

PEO | Prior Service Cost [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Equity Awards Adjustments

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

5,633,988

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

4,633,369

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

40,035

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

973,236

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(12,652)

Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Reported Value of Equity Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(4,213,819)

Non-PEO NEO | Reported Change in the Actuarial Present Value of Pension Benefits [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,198,160)

Non-PEO NEO | Pension Benefit Adjustments [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

218,413

Non-PEO NEO | Service Cost [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

218,413

Non-PEO NEO | Prior Service Cost [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0