11-K 1 a2024form11-k.htm 11-K Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________
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, 2023
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.  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
B.  Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Chevron Corporation
5001 Executive Parkway, Suite 200
San Ramon, CA 94583










PN:001




CHEVRON
EMPLOYEE SAVINGS INVESTMENT PLAN

FINANCIAL STATEMENTS
AND SUPPLEMENTAL SCHEDULE

TOGETHER WITH REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM

DECEMBER 31, 2023 AND 2022

























CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN

    

TABLE OF CONTENTS





PAGE
Report of Independent Registered Public Accounting Firm1
Financial Statements:
Statements of Net Assets Available for Benefits
       as of December 31, 2023 and 2022
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2023
Notes to Financial Statements    4 - 18
Supplemental Schedule:
Schedule of Assets (Held at End of Year)19 - 27
Exhibit - Consent of Grant Thornton LLP28 
Signature29 

i


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Plan Administrator and Plan Participants
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, 2023 and 2022, the related statement of changes in net assets available for benefits for the year ended December 31, 2023, and the related notes (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, 2023 and 2022, and the changes in net assets available for benefits for the year ended December 31, 2023 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 the Plan’s 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 audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose 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, Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year) as of December 31, 2023 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, 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 is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ GRANT THORNTON LLP
We have served as the Plan’s auditor since 2021.
Bellevue, Washington
June 27, 2024


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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2023 AND 2022
(thousands of dollars)


20232022
Assets
Cash$798$91,419 
Investments - at fair value18,606,52818,405,434
Investments - at contract value212,065 
Notes receivable from brokers3,631662
Notes receivable from participants117,346112,383
Total assets 18,940,36818,609,898
Liabilities— — 
Net assets available for benefits$18,940,368$18,609,898
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, 2023
(thousands of dollars)
Additions
Contributions:
Employer contributions $313,218 
Participant contributions 389,444 
Participant rollovers 69,121 
Total contributions 771,783 
Investment income:
Net appreciation in fair value of investments1,039,883 
Interest and dividends 253,106 
Total investment income1,292,989 
Other additions:
Interest on notes receivable from participants5,548 
Total additions2,070,320 
Deductions
Distribution to participants 1,739,374 
Administrative fees 3,193 
Total deductions1,742,567 
Transfers of Employees' Savings Plans
Transfer from Magnum Development LLC1,902 
Transfer from American Natural Gas LLC for Beyond 6815 
Net Increase330,470 
Net assets available for benefits:
Beginning of year18,609,898 
End of year$18,940,368 
The accompanying notes are an integral part of these financial statements.
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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

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 (ERISA), as amended.

Eligibility. Employees of the Corporation and each other participating company (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 as combined basic (1 or 2 percent) and supplemental (up to 73 percent) contributions. For 2023, the maximum contribution amount on a before-tax and Roth 401(k) basis was the annual Code limit of $22,500 for participants under age 50 and $30,000 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. Both participant and company match contributions to the Plan ceased when a participant reached regular pay of $330,000 for the year 2023.

The Company matching contribution is made in cash and allocated according to the participants’ current payroll deduction distribution 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.


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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

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, 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 2023 and 2022 on new and carried loans ranged from 2.23% to 10.25% with maturities extending to 2049. 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 $117,346,032 and $112,383,139 as of December 31, 2023 and 2022, 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.









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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 1 - Description of the Plan (Continued)

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.

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. At year end 2023 and 2022, funds in forfeiture were $128,257 and $582,646, respectively, while $950,426 was paid from the forfeiture account in 2023.

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 27, 2023, the assets and participant accounts of the Retirement Income Security Plan for Magnum Development LLC (Magnum) merged into the ESIP. The investments of $1,902,272 were transferred on December 27, 2023.

Effective December 31, 2023, the American Natural Gas LLC 401(k) Plan for Beyond6, LLC (formerly doing business as American Natural Gas LLC) merged into the ESIP. The investments of $798,406, as well as $17,094 of employee loans, were transferred on January 2, 2024.




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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 1 - Description of the Plan (Continued)

Stable Value Fund Equity Wash. Following the PRSI Union Plan and REG Plan mergers on December 31, 2022, two stable value funds were introduced into the ESIP. Per agreement with the fund managers, to discourage market timing and other forms of speculative behavior, investors were restricted from moving assets from these funds directly into existing ESIP money market funds. All assets moving out of these stable value funds were to be moved to another non-money market ESIP investment for at least 90 days before moving to a money market investment. The PRSI Union Plan fund was terminated as of May 31, 2023. The REG Plan fund terminated as of October 31, 2023 and continued to have small balances through the end of the year. On May 31, 2023, the Chevron Stable Value Separate Account (Putnam) was added to the lineup for the ESIP, which also has an equity wash restriction.


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.


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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 2 - Summary of Significant Accounting Policies (continued)

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 (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.


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:    Inputs to the valuation methodology include:
•    Quoted prices for similar assets or liabilities in active markets;
•    Quoted prices for identical or similar assets or liabilities in inactive markets;
•    Inputs other than quoted prices that are observable for the asset or liability; and
•    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.





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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 3 - Fair Value Measurements (continued)

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, 2023 and 2022.

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.
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 reported at NAV of units of the collective trust as provided by the fund managers as of the financial statement dates. NAV is a readily determinable fair value and is the basis for current transactions but is not a direct quote from an active market so it is 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.



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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 3 - Fair Value Measurements (Continued)

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, 2023 and 2022:
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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 3 - Fair Value Measurements (Continued)

Investments at Fair Value (in thousands) as of December 31, 2023
Level 1Level 2Level 3Total
Common stocks$5,130,645 $— $— $5,130,645 
Registered investment companies282 — — 282 
Fidelity BrokerageLink453,662 — — 453,662 
Other collective investment funds— 12,631,502 — 12,631,502 
Separate account (Dodge & Cox):
   Preferred stock— 4,453 — 4,453 
   Corporate bonds— 148,895 — 148,895 
   Mortgage backed securities— 150,320 — 150,320 
   Government securities— 46,034 — 46,034 
   Asset backed securities— 20,204 — 20,204 
   Cash equivalents— 5,722 — 5,722 
   Unsettled sales & purchases— 5,183 — 5,183 
Chevron stable value separate account (Putnam):
   Cash equivalents— 9,324 — 9,324 
   Unsettled sales & purchases— 258 — 258 
Total investments in the fair value hierarchy$5,584,589 $13,021,895 $— $18,606,484 
Investments at NAV (a)44 
Total investments at fair value$18,606,528 
(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.

The following table summarizes investments for which fair value is measured using NAV per share practical expedient as of December 31, 2023. Redemption restrictions are reported above in Note 1, Stable Value Fund Equity Wash; the redemption notice period is applicable only to the Plan.

Dec 31, 2023 Fair Value
Unfunded CommitmentsRedemption FrequencyRedemption Notice Period
Stable value collective investment funds$44 N/ADaily12 months
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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 3 - Fair Value Measurements (Continued)
Investments at Fair Value (in thousands) as of December 31, 2022
Level 1Level 2Level 3Total
Common stocks$6,192,864 $— $— $6,192,864 
Registered investment companies3,804,333 — — 3,804,333 
Fidelity BrokerageLink358,624 — — 358,624 
Other collective investment funds— 7,693,554 — 7,693,554 
Separate account (Dodge & Cox):
   Preferred stock— 4,585 — 4,585 
   Corporate bonds— 152,245 — 152,245 
   Mortgage backed securities— 136,257 — 136,257 
   Government securities— 27,836 — 27,836 
   Asset backed securities— 20,055 — 20,055 
   Cash equivalents— 11,888 — 11,888 
   Unsettled sales— 3,218 — 3,218 
   Unsettled purchases— (6,432)— (6,432)
Total investments in the fair value hierarchy$10,355,821 $8,043,206 $— $18,399,027 
Investments at NAV (a)6,407 
Total investments at fair value$18,405,434 
(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.

The following table summarizes investments for which fair value is measured using NAV per share practical expedient as of December 31, 2022. Redemption restrictions are reported above in Note 1, Stable Value Fund Equity Wash; the redemption notice period is applicable only to the Plan.

Dec 31, 2022 Fair Value
Unfunded CommitmentsRedemption FrequencyRedemption Notice Period
Stable value collective investment funds$6,407 N/ADaily12 months



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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 4 - Investments

At December 31, 2023, the following broad range of investment options were utilized by the plan:

Target Date Retirement Funds *
Fund NameFund Type
BlackRock LifePath Index Retirement Account C Balanced
BlackRock LifePath Index 2025 Retirement Account C Balanced
BlackRock LifePath Index 2030 Retirement Account CBalanced
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

* All Target Date Funds available for investment June 1, 2023.


Core Funds
Fund NameFund Type
BlackRock U.S. Debt Index Account C 1
Fixed Income
BlackRock Equity Index Account C 1
Large-Cap Stock
BlackRock Extended Equity Market Fund M 1
Small & Mid-Cap Growth Stock
BlackRock MSCI ACWI ex-U.S. Index Account C 1
International Stock
BlackRock Gov’t Short-Term Investment Account C 1
Money Market
Chevron Stable Value Separate Account (Putnam) 1
Fixed Income
Principal Diversified Real Asset CIT Tier 3 1
Real Assets
EARNEST Partners Smid Cap Core Fund Class 1
Small & Midcap Stock
Separate Account (Dodge & Cox) Fixed Income
Capital Group EuroPacific Growth TrustInternational Stock
ABC Stable Value Fund 2
Fixed Income
Vanguard Federal Money Market Fund 3
Money Market

1 The fund was available for investment June 1, 2023.
2 Residual values; no longer available for participant investment. Fund transferred to the ESIP from REG Plan on December 30, 2022.
3 Residual values; no longer available for participant investment.


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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 4 - Investments (Continued)

Chevron Stock
Fund NameFund Type
Chevron Leveraged ESOPCompany Stock
Chevron StockCompany Stock

At December 31, 2022, the following broad range of investment options were utilized by the plan:

Target Date Retirement Funds *
Fund NameFund Type
Vanguard Target Retirement Income Trust Select Balanced
Vanguard Target Retirement 2020 Trust Select Balanced
Vanguard Target Retirement 2025 Trust Select Balanced
Vanguard Target Retirement 2030 Trust Select Balanced
Vanguard Target Retirement 2035 Trust Select Balanced
Vanguard Target Retirement 2040 Trust Select Balanced
Vanguard Target Retirement 2045 Trust Select Balanced
Vanguard Target Retirement 2050 Trust Select Balanced
Vanguard Target Retirement 2055 Trust Select Balanced
Vanguard Target Retirement 2060 Trust Select Balanced
Vanguard Target Retirement 2065 Trust Select Balanced
Vanguard Target Retirement 2070 Trust Select Balanced

* The Vanguard Target Date Funds were no longer offered for investment effective May 31, 2023.














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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 4 - Investments (Continued)

Core Funds
Fund NameFund Type
Vanguard Federal Money Market FundMoney Market
Vanguard Institutional Total Bond Market Index TrustFixed Income
Vanguard Short-Term Bond Index FundFixed Income
Vanguard Institutional 500 Index TrustLarge-Cap Stock
Vanguard Institutional Extended Market TrustSmall & Mid-Cap Growth Stock
Vanguard Developed Markets Index Fund 1
International Stock
Vanguard Developed Markets Index Trust 2
International Stock
Vanguard REIT Index FundReal Estate
Vanguard Emerging Markets Stock Index FundInternational Stock
SSgA US Inflations Protected Bond FundFixed Income
Separate Account (Dodge & Cox)Fixed Income
Vanguard PRIMECAP FundLarge-Cap Growth Stock
Vanguard Value Index FundLarge-Cap Value Stock
Capital Group EuroPacific Growth TrustInternational Stock
TRP Stable Value Fund 3
Fixed Income
ABC Stable Value Fund 3
Fixed Income

1 Fund no longer offered for investment effective December 7, 2021.
2 Fund available for investment effective December 8, 2021.
3 Funds transferred to the ESIP from PRSI Union Plan and REG Plan on December 30, 2022.

Chevron Stock
Fund NameFund Type
Chevron Leveraged ESOPCompany Stock
Chevron StockCompany 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.




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CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 4 - Investments (Continued)

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.

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.



- 16 -



CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

NOTE 4 - Investments (Continued)

Total Contract Value for GICs and SBICs held directly by the Plan are:
Contract Value (in thousands)
31-Dec-2331-Dec-22
Guaranteed Investment Contracts (GICs)89,700
Security-Backed Investment Contracts (SBICs) (synthetic GICs)122,365
Total Investment Contracts$212,065

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


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, 2023 and December 31, 2022, 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.









- 17 -



CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022

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 2023, $294,333 was reimbursed.

As of December 31, 2023 and 2022, the Plan held 34,396,590 and 34,502,324 shares Chevron Corporation common stock, respectively, with a fair value of $5,130,645,172 and $6,192,863,959, respectively. In 2023, $207,317,327 in dividends of Chevron common stock were paid to participants.

NOTE 8 - Subsequent Events

The Plan has evaluated subsequent events through June 27, 2024, the date the financial statements were available to be issued.

Effective August 7, 2023, the Corporation completed its acquisition of PDC Energy, Inc. (PDCE) and intends to merge the PDCE 401(k) Plan into the ESIP around January 1, 2025.



- 18 -


CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
EIN 94-0890210 PLAN NO. 001
SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD
DECEMBER 31, 2023
(thousands of dollars)

(a) (b) (c)(d) (e)
 Description of Investment Including
 Identity of Issue, Borrower, Maturity Date, Rate of Interest, Number of
 Lessor, or Similar Party Collateral, or Maturity Value Shares / UnitsCost Current Value
COMMON STOCK
 * Chevron Corporation Common Stock 34,396,590 ^$5,130,645 
TOTAL COMMON STOCK5,130,645 
REGISTERED INVESTMENT COMPANIES
Vanguard Federal Money Market Fund 282,106 ^282 
TOTAL REGISTERED INVESTMENT COMPANIES282 
 * FIDELITY BROKERAGELINK^453,662 
STABLE VALUE COLLECTIVE INVESTMENT FUNDS
Associated Benefits Corporation Stable Value Fund3,305 ^44 
TOTAL STABLE VALUE FUNDS44
OTHER COLLECTIVE INVESTMENT FUNDS
EARNEST Partners Small Midcap Core Fund Class 11,907,734 ^30,180 
Principal Diversified Real Asset Fund12,176,048 ^167,055 
BlackRock LifePath Index Retirement Account C26,121,168 ^279,209 
BlackRock LifePath Index 2025 Account C27,193,714 ^292,074 
BlackRock LifePath Index 2030 Account C30,581,849 ^332,987 
BlackRock LifePath Index 2035 Account C29,024,885 ^319,875 
BlackRock LifePath Index 2040 Account C27,802,849 ^310,005 
BlackRock LifePath Index 2045 Account C28,001,298 ^315,569 
BlackRock LifePath Index 2050 Account C22,745,664 ^257,954 
BlackRock LifePath Index 2055 Account C13,931,754 ^158,256 
BlackRock LifePath Index 2060 Account C7,169,377 ^81,442 
BlackRock LifePath Index 2065 Account C3,206,595 ^36,427 
BlackRock MSCI ACWI ex-U.S. Index Account C71,331,014 ^783,664 
BlackRock Equity Index Account C495,215,702 ^5,703,845 
BlackRock Extended Equity Market Fund M147,727,896 ^1,357,841 
BlackRock Government Short-Term Invstmnt Acct C1,062,891,017 ^1,062,891 
BlackRock U.S. Debt Index Account C72,839,202 ^749,858 
Capital Group EuropPacific Growth Trust31,848,234 ^392,370 
TOTAL OTHER COLLECTIVE INVESTMENT FUNDS12,631,502 
SEPARATE ACCOUNT
Preferred Stock
CitigroupCapital XIII Preferred Stock 7.875% 155,850 ^4,453 
Corporate Debt
AT&T INC4.5% 03/09/20481,514,000 ^1,321 
AT&T INC3.55% 09/15/20551,210,000 ^870 
AT&T INC2.55% 12/01/2033500,000 ^408 
BAT CAPITAL CORP6.421% 08/02/20331,350,000 ^1,412 
BAT CAPITAL CORP4.39% 08/15/2037175,000 ^147 
BAT CAPITAL CORP4.54% 08/15/2047600,000 ^461 
BAT CAPITAL CORP2.726% 03/25/2031925,000 ^776 
BAT CAPITAL CORP3.734% 09/25/2040125,000 ^92 
BAT CAPITAL CORP5.65% 03/16/2052350,000 ^316
BAT CAPITAL CORP4.742% 03/16/20321,775,000 ^1,703 
BNP PARIBAS 4.375% 05/12/2026 144A2,000,000 ^1,948 
BURLINGTON NO SF 5.72% 1/15/249,790 ^10 
BNP PARIBAS 4.25% 10/15/2024800,000 ^791 
BNP PARIBAS 4.375% 09/28/2025 144A1,300,000 ^1,271 

- 19 -




CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
EIN 94-0890210 PLAN NO. 001
SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD
DECEMBER 31, 2023
(thousands of dollars)

(a) (b) (c)(d) (e)
 Description of Investment Including
 Identity of Issue, Borrower, Maturity Date, Rate of Interest, Number of
 Lessor, or Similar Party Collateral, or Maturity Value Shares / UnitsCost Current Value
BNP PARIBAS 4.625% 03/13/2027 144A600,000 ^588 
BANK OF AMERICA CORPORATION4.25% 10/22/2026875000^859
BANK OF AMERICA CORPORATION2.496/VAR 02/13/20311,350,000 ^1,159 
BANK OF AMERICA CORPORATION3.846%/VAR 03/08/20372,250,000 ^1,976 
BANK OF AMERICA CORPORATION4.948/VAR 07/22/20281,000,000 ^1,000 
BARCLAYS PLC (UNGTD) 7.437%/VAR 11/02/20331,525,000 ^1,489 
BARCLAYS PLC (UNGTD) 4.836% 05/09/2028600,000 ^603 
BARCLAYS PLC (UNGTD) 5.501%/VAR 08/09/2028350,000 ^392 
BARCLAYS PLC5.829%/VAR 05/09/2027925,000 ^933 
BARCLAYS PLC6.224%/VAR 05/09/2034250,000 ^259 
BARCLAYS PLC7.05% 06/27/2034250,000 ^266 
BARCLAYS PLC6.41% 09/13/2029575,000 ^599 
BAYER US FIN II LLC4.25% 12/15/2025 144A700,000 ^682 
BAYER US FIN II LLC4.375% 12/15/2028 144A1,100,000 ^1,045 
BNP PARIBAS 2.588%/VAR 08/12/2035 144A550,000 ^451 
BOSTON PPTYS LTD PARTNERSHIP 3.65% 02/01/20262,275,000 ^2,190 
BOSTON PPTYS LTD PARTNERSHIP 2.75% 10/01/2026450,000 ^417 
BOSTON PPTYS LTD PARTNERSHIP 6.5% 01/15/2034700,000 ^738 
CCO HLDGS LLC/CAP CORP4.5% 06/01/2033 144A1,750,000 ^1,481 
CCO HLDGS LLC/CAP CORP4.5% 05/01/2032500,000 ^428 
CCO HLDGS LLC/CAP CORP4.25% 01/15/2034 144A750,000 ^609 
CIGNA CORP4.125% 11/15/2025425,000 ^420 
CIGNA CORP7.875% 05/15/2027234,000 ^255 
CVS HEALTH CORP4.78% 03/25/2038450,000 ^426 
CVS HEALTH CORP5.05% 03/25/2048450,000 ^421 
CVS HEALTH CORP3.75% 04/01/2030275,000 ^259 
CAPITAL ONE FINANCIAL CORP 4.2% 10/29/2025425,000 ^417 
CAPITAL ONE FINANCIAL CORP4.927/VAR 05/10/20281,725,000 ^1,695 
CAPITAL ONE FINANCIAL CORP5.268/VAR 05/10/2033450,000 ^442 
CAPITAL ONE FINANCIAL CORP7.624%/VAR 10/30/2031475,000 ^522 
CEMEX SAB DE CV 5.2% 09/17/2030 144A925,000 ^887 
CHARTER COMMUNICATIONS OPERATINGMaturity 10/23/20453,480,000 ^3,419 
CHARTER COMMUNICATIONS OPERATINGMaturity 5/1/2047825,000 ^701 
CHARTER COMMUNICATIONS OPERATINGMaturity 4/1/20481,450,000 ^1,287 
CHARTER COMMUNICATIONS OPERATINGMaturity 4/1/2053425,000 ^356 
Citigroup Inc3.785%/VAR 03/17/20331,125,000 ^1,012 
COX COMMUNICATIONS INC 3.35% 09/15/2026 144A775,000 ^744 
COX COMMUNICATIONS INC 3.5% 08/15/2027 144A400,000 ^381 
COX COMMUNICATIONS INC 1.8% 10/01/2030 144A675,000 ^549 
COX COMMUNICATIONS INC 5.45% 09/15/2028 144A250,000 ^255 
COX COMMUNICATIONS INC 5.7% 06/15/2033 144A1,100,000 ^1,144 
UBS GROUP AG 6.327%/VAR 12/22/2027 144A250,000 ^258 
UBS GROUP AG 6.301%/VAR 09/22/2034 144A800,000 ^847 
DILLARDS INC7.75% 07/15/2026210,000 ^218 
DILLARDS INC7.75% 05/15/2027125,000 ^130 
DILLARDS INC7% 12/01/2028280,000 ^291 
DOMINION RESOURCE INC 5.75/VAR 10/01/20542,075,000 ^2,038 
DOW CHEMICAL CO 9.4% 05/15/2039985,000 ^1,370 
ELANCO ANIMAL HEALTH INC VAR 08/28/2028975,000 ^1010
ENEL FINANCE INTL NV 6.8% 09/15/2037 144A875,000 ^954
ENEL FINANCE INTL NV 6% 10/07/2039 144A825,000 ^838 
FORD MTR CR CO LLC3.375% 11/13/20251,275,000 ^1,220 
FORD MTR CR CO LLC2.7% 08/10/2026925,000 ^857 
FORD MTR CR CO LLC7.35% 11/04/2027675,000 ^712 
FORD MTR CR CO LLC6.8% 05/12/20281,150,000 ^1,201 
FORD MTR CR CO LLC6.798% 11/07/2028600,000 ^628 
FORD MTR CR CO LLC3.81% 01/09/20241,575,000 ^1,574 
FORD MTR CR CO LLC4.542% 08/01/20261,144,000 ^1,108 
FORD MTR CR CO LLC4.063% 11/01/2024525,000 ^516 

- 20 -




CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
EIN 94-0890210 PLAN NO. 001
SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD
DECEMBER 31, 2023
(thousands of dollars)

(a) (b) (c)(d) (e)
 Description of Investment Including
 Identity of Issue, Borrower, Maturity Date, Rate of Interest, Number of
 Lessor, or Similar Party Collateral, or Maturity Value Shares / UnitsCost Current Value
GE HEALTHCARE TECHNOLOGIES INC 5.905% 11/22/2032 1800,000 ^853 
GOLDMAN SACHS GROUP INC (THE) 3.615/VAR 03/15/20281,775,000 ^1,702 
HCA INC 3.375% 03/15/2029 144A650,000 ^600 
HSBC HOLDINGS PLC6.5% 05/02/20361,360,000 ^1,443 
HSBC HOLDINGS PLC6.5% 09/15/20371,300,000 ^1,407 
HSBC HOLDINGS PLC4.95% 03/31/2030745,000 ^739 
HSBC HOLDINGS PLC0.976/VAR 05/24/2025925,000 ^906 
HSBC HOLDINGS PLC 4.762/VAR 03/29/20331,525,000 ^1,420 
HSBC HOLDINGS PLC 8.113%/VAR 11/03/2033350,000 ^404 
HSBC HOLDINGS PLC 6.254%/VAR 03/09/20341,050,000 ^1,116 
IMPERIAL BRANDS FINANCE PLC 3.875% 07/26/2029 144A1,200,000 ^1,120 
IMPERIAL BRANDS FINANCE PLC 6.125% 07/27/2027 144A800,000 ^821 
IMPERIAL BRANDS FINANCE PLC 4.25% 07/21/2025 144A3,550,000 ^3,486 
JPMORGAN CHASE & CO4.25% 10/01/2027450,000 ^445 
JPMORGAN CHASE & CO2.522/VAR 04/22/2031900,000 ^778 
JPMORGAN CHASE & CO2.956/VAR 05/13/20313,845,000 ^3,379 
JPMORGAN CHASE & CO5.717%/VAR 09/14/20331,825,000 ^1,888 
KINDER MORGAN ENERGY PTNRS LP 6.95% 01/15/20381,050,000 ^1,152 
KINDER MORGAN ENERGY PTNRS LP 6.5% 09/01/20391,575,000 ^1,653 
LLOYDS BANKING GROUP PLC4.582% 12/10/2025500,000 ^489 
LLOYDS BANK PLC 7.953%/VAR 11/15/20331,075,000 ^1,229 
LLOYDS BANKING GROUP PLC4.5% 11/04/20241,445,000 ^1,428 
LLOYDS BANKING GROUP PLC4.65% 03/24/2026850,000 ^833 
PROSUS NV 4.85% 07/06/2027 144A2,100,000 ^2,019 
NATWEST GRP PLC(UNGTD) 1.642/VAR 06/14/2027800,000 ^730 
NATWEST GRP PLC(UNGTD) 6.016%/VAR 03/02/20342,425,000 ^2,546 
Nextera Energy Cap Hldgs Inc6.051% 03/01/20251,225,000 ^1,236 
Nextera Energy Cap Hldgs Inc5.749% 09/01/2025400,000 ^404 
NORDSTROM INC 6.95% 03/15/2028125,000 ^127 
OCCIDENTAL PETROLEUM CORP2.9% 08/15/20241,205,000 ^1,185 
PETROLEOS MEXICANOS 6.625% 06/15/2035950,000 ^723 
PETROLEOS MEXICANOS 6.7% 02/16/2032 144A3,462,000 ^2,865 
PETROBRAS GLOBAL FINANCE BV6.9% 03/19/2049550,000 ^542 
PETROBRAS GLOBAL FINANCE BV6.75% 06/03/20501,200,000 ^1,159 
PETROLEOS MEXICANOS 7.69% 01/23/20507,050,000 ^5,014 
PHILIP MORRIS INTL INC 5.375% 02/15/2033900,000 ^923 
PROSUS NV 3.68% 01/21/2030 144A200,000 ^174 
PROSUS NV 3.832% 02/08/2051 144A1,173,000 ^738 
PROSUS NV 3.061% 07/13/2031 144A2,200,000 ^1,768 
PROSUS NV 4.193% 01/19/2032 144A775,000 ^666 
PROSUS NV 4.987% 01/19/2052 144A2,400,000 ^1,791 
UNUM GROUP 7.25% 03/15/2028185,000 ^197 
RAYTHEON TECHNOLOGIES CORP 6% 03/15/2031375,000 ^399 
RAYTHEON TECHNOLOGIES CORP 6.1% 03/15/2034375,000 ^407 
RIO OIL FINANCE TRUST SERIES 2014-3 9.75% 01/06/20886,971 ^919
RIO OIL FINANCE TR SER 2018-1 8.2% 04/06/2028 144A900,240 ^914 
SCHWAB CHARLES CORP 5.643%/VAR 05/19/2029400,000 ^410 
SCHWAB CHARLES CORP 5.853%/VAR 5/19/2034200,000 ^206 
SCHWAB CHARLES CORP 6.136%/VAR 08/24/2034250,000 ^264 
SCHWAB CHARLES CORP 6.196%/VAR 11/17/2029650,000 ^682 
SOUTHERN COMPANY STEP 08/01/20271,100,000 ^1,115 
SOUTHERN COMPANY 4%/VAR 01/15/20511,875,000 ^1,783 
SOUTHERN COMPANY 3.75/VAR 09/15/20511,125,000 ^1,024 
SOUTHERN COMPANY 4.85% 06/15/2028675,000 ^680 
T-MOBILE USA INC4.375% 04/15/2040375,000 ^338 
T-MOBILE USA INC3.875% 04/15/20301,175,000 ^1,114 
T-MOBILE USA INC3.375% 04/15/2029 144A600,000 ^557 
T-MOBILE USA INC3.5% 04/15/2031 144A425,000 ^389 
T-MOBILE USA INC3.4% 10/15/2052800,000 ^583 

- 21 -




CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
EIN 94-0890210 PLAN NO. 001
SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD
DECEMBER 31, 2023
(thousands of dollars)

(a) (b) (c)(d) (e)
 Description of Investment Including
 Identity of Issue, Borrower, Maturity Date, Rate of Interest, Number of
 Lessor, or Similar Party Collateral, or Maturity Value Shares / UnitsCost Current Value
TELECOM ITALIA CAP7.2% 07/18/2036425,000 ^427 
TELECOM ITALIA CAP7.721% 06/04/20381,275,000 ^1,298 
TELECOM ITALIA SPA5.303% 05/30/2024 144A2,575,000 ^2,563 
TIME WARNER CABLE LLC 7.3% 07/01/2038400,000 ^413 
TRANSCANADA TRUST5.625/VAR 05/20/20751,450,000 ^1,367 
TRANSCANADA TRUST5.875%/VAR 8/15/761,225,000 ^1,158 
TRANSCANADA TRUST5.3%/VAR 3/15/772,400,000 ^2,133 
TRANSCANADA TRUST5.5%/VAR 09/15/20792,225,000 ^1,898 
UBS GROUP AG 5.959% 01/12/2034 144A2,050,000 ^2,120 
UNUM GROUP 6.75% 12/15/202875,000 ^79 
ULTRAPAR INTERNATIONL SA 5.25% 10/06/2026 144A700,000 ^678 
ULTRAPAR INTERNATIONL SA 5.25% 06/06/2029 144A286,000 ^268 
UNICREDIT SPA 7.296%/VAR 04/02/20341,675,000 ^1,722 
UNICREDIT SPA 5.459/VAR 06/30/2035 144A1,575,000 ^1,481 
UNION PAC RR CO 2006 1 PT TR 5.866% 7/02/30104,128 ^107 
VODAFONE GROUP PLC 7%/VAR 04/04/20791,375,000 ^1,418 
WELLS FARGO & CO NEW4.1% 06/03/2026675,000 ^660 
WELLS FARGO & CO NEW4.3% 07/22/2027925,000 ^905 
WELLS FARGO & CO NEW3.35%/VAR 3/02/2033600,000 ^524 
WELLS FARGO & CO NEW4.897%/VAR 07/25/2033375,000 ^365 
WELLS FARGO & CO NEW5.389%/VAR 04/24/2034375,000 ^377 
Total Corporate Debt148,895 
Mortgage Backed Securities
FHLG5.50% 1/35 #G0174911,939  ^ 12 
FHLG6.50% 12/32 #G017679,190  ^ 10 
FHLG6.00% 2/35 #G01777398,357  ^ 413 
FHLG5.50% 3/34 #G0166526,546  ^ 27 
FNMAARM 2.322% 05/01/2052#8414081,925,159  ^ 1,690 
FNMAARM 3.307% 06/01/2052#8414224,352,120  ^ 4,006 
FHLG6.50% 10/26 #G303053,109  ^
FHLMARM 3.326% 9/33 #1B115012,454  ^ 13 
FHLMARM 2.74% 4/36 #8476717,106  ^
FHLG30YR 6.5% 03/01/2038#16,478  ^ 17 
FHLG7.00% 11/38 #G056034,180  ^
FHLG30YR 5.5% 07/01/2035#16,353  ^ 17 
FHLG6.00% 1/38 #G0623814,607  ^ 15 
FHLG6.00% 2/39 #G0657017,244  ^ 18 
FHLG6.00% 1/39 #G06932187,890  ^ 196 
FHLG5.50% 1/40 #G07074307,917  ^ 319 
FHLG30YR 4.5% 09/01/2041#G07568261,559  ^ 261 
FHLG30YR 4.5% 11/01/2043#G07596258,183  ^ 259 
FHLG20YR 4% 11/01/2035#C91857215,881  ^ 212 
FHLG20YR 3.5% 10/01/2035#C91853341,486  ^ 328 
FHLMARM 2.37% 1/36 #1H25817,173  ^
FHLMARM 2.60% 3/37 #1G26675,392  ^
FHLMARM 5.31% 7/37 #1G208011,984  ^ 12
FHLMARM 5.23% 2/38 #1Q04791,790  ^
FHLMARM 4.93% 6/38 #1Q05564,033  ^
FHLMARM 4.91% 4/38 #1Q05575,894  ^
FHLMARM 5.09% 4/38 #1Q055811,422  ^ 12 
FHLMARM 0% 07/38#1Q140064,907  ^ 66 
FHLG6.50% 9/37 #H090701,812  ^
FHLG6.00% 6/38 #H09203870  ^
FHLMARM 5.43% 10/38 #8483497,851  ^
FHLMARM 2.54% 01/01/2042#84925455,979  ^ 57 
FHLMARM 0% 01/45#84962582,738  ^ 84 
FHLMARM 0% 05/44#2B259122,214  ^ 23 

- 22 -




CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
EIN 94-0890210 PLAN NO. 001
SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD
DECEMBER 31, 2023
(thousands of dollars)

(a) (b) (c)(d) (e)
 Description of Investment Including
 Identity of Issue, Borrower, Maturity Date, Rate of Interest, Number of
 Lessor, or Similar Party Collateral, or Maturity Value Shares / UnitsCost Current Value
FHLMARM 2.896% 02/01/45#2B379787,745  ^ 89 
FHLG15YR 3.5% 06/01/2034#SB00191,072,034  ^ 1,038 
FHLG30YR 3% 04/01/2052#SD100011,764,687  ^ 10,482 
FHLG30YR 3% 05/01/2052#SD10801,553,918  ^ 1,383 
FHLG30YR 2.5% 11/01/2050#SD75304,225,776  ^ 3,650 
FHLG30YR 2.5% 05/01/2052#SD82126,739,037  ^ 5,740 
FHLG30YR 3.5% 05/01/2052#SD82141,585,368  ^ 1,455 
FHLG30YR 4.5% 03/47#V83108497,671  ^ 493 
FHLG30YR 4.5% 06/01/2047#Q48869371,820  ^ 368 
FHLG30YR 4.5% 02/45#G60034300,632  ^ 300 
FHLG30YR 4.5% 03/47#G610801,611,908  ^ 1,604 
FHLG30YR 3.5% 06/01/2052#QE33442,176,014  ^ 1,997 
FHLG30YR 2.5% 11/01/2051#RA633712,527,822  ^ 10,775 
FHLG30YR 3.5% 07/01/2052#RA765610,072,194  ^ 9,283 
FHLG20YR 2% 01/01/2042#RB51412,612,488  ^ 2,230 
FHLMARM 0% 08/46#840380223,691  ^ 226 
FHLMARM 0% 05/45#840402506,847  ^ 513 
FHLMARM 2.37% 2/34 #7812749,262  ^
FHLMARM 0% 09/36#78273565,603  ^ 66 
FEDERAL NAT MTG ASN GTD REM PA12-134 ZA 3% 12/25/1,644,732  ^ 1,456 
FEDERAL NAT MTG ASN GTD REM PASOFR30A+63.448 12/2184,821  ^ 181 
FNMA7.00% 11/37 #25698510,430  ^ 11 
FNMA6.50% 2/38 #3100486,893  ^
FEDERAL HOME LN MTG MLT CTF GT VAR 12/15/2043168,112  ^ 165 
FEDERAL HOME LN MTG MLT CTF GT VAR 03/15/2044335,522  ^ 332 
FEDERAL HOME LN MTG MLT CTF GT VAR 03/25/2026624,469  ^ 16 
FEDERAL HOME LN MTG MLT CTF GT VAR 05/25/2026254,497  ^
FEDERAL HOME LN MTG MLT CTF GT 3.5% 03/15/20472,783,687  ^ 2,524 
FEDERAL HOME LN MTG MLT CTF GT CSTR 04/25/20272,577,778  ^ 47 
FEDERAL HOME LN MTG MLT CTF GT CSTR 06/25/20272,244,328  ^ 47 
FEDERAL HOME LN MTG MLT CTF GT CSTR 07/25/20275,893,516  ^ 100 
FEDERAL HOME LN MTG MLT CTF GT K090 X1 VAR 02/25/216,224,832  ^ 514 
FEDERAL HOME LN MTG MLT CTF GT X1 CSTR 01/25/20307,306,866  ^ 537 
FEDERAL HOME LN MTG MLT CTF GT 3% 07/25/20412,705,521  ^ 2,437 
FNMA6.00% 3/33 #55528518,155  ^ 19 
FNMAARM 5.79% 11/37 #AL01442,040  ^
FNMAARM 5.125 10/38 #AL10439,354  ^
FNMA15YR 5.00% #AL243950  ^ — 
FNMA15YR 4.5% #AL414712,680  ^ 13 
FNMA20YR 4.5% #AL4165639,289  ^ 636 
FNMAARM 0% 02/44#AL4831169,548  ^ 173 
FNMAARM 2.99% 02/01/2044#AL498057,350  ^ 59 
FNMAARM 2.569% 04/01/2044#AL5129145,587  ^ 148
FNMA30YR 4.5% #AL5441244,500  ^ 244 
FNMA30YR 4.5% 07/01/2042#AL5749272,931  ^ 272 
FNMAARM 2.719% 10/01/2044#AL5968136,558  ^ 139 
FNMA15YR 3.5% 12/01/2029#AL7205144,445  ^ 141 
FNMA30YR 4.5% 09/42#AL7306438,018  ^ 437 
FNMA30YR 4.5% 09/45#AL7384205,809  ^ 205 
FNMA30YR 4.5% 02/46#AL9781376,196  ^ 376 
FNMA15YR 3.5% 09/01/2031#AL9063410,700  ^ 400 
FNMA30YR 4.5% 02/01/2046#AL912882,995  ^ 83 
FNMA30YR 4.5% #AL9407118,037  ^ 118 
FNMAARM 0% 11/01/2046#200,830  ^ 204 
FNMA30YR 4.5% 07/46#AL8816300,565  ^ 299 
FNMAARM 4.031% 04/01/2042#115,518  ^ 118 
FNMAARM 12ML+1.565 03/01/2043#AR690055,263  ^ 56 
FNMAARM 2.907% 09/01/2044#AT704012,639  ^ 13 
FNMAARM 0% 05/44#AW468842,647  ^ 43 

- 23 -




CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
EIN 94-0890210 PLAN NO. 001
SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD
DECEMBER 31, 2023
(thousands of dollars)

(a) (b) (c)(d) (e)
 Description of Investment Including
 Identity of Issue, Borrower, Maturity Date, Rate of Interest, Number of
 Lessor, or Similar Party Collateral, or Maturity Value Shares / UnitsCost Current Value
FNMAARM 2.764% 12/01/2044#AX219771,851  ^ 73 
FNMA30YR 4% 10/45#AZ47651,752,147  ^ 1,688 
FNMA5.50% 2/33 #67770916,985  ^ 17 
FNW2003-W2 1A2 7% 7/4235,318  ^ 37 
FNW2004-W2 5A 7.5% 3/4410,519  ^ 11 
FNW2004-W8 3A 7.5% 6/447,793  ^
FNW2005-W1 1A3 7 10/4427,513  ^ 29 
FEDERAL NAT MTG ASN GTD REM PA 5.0% 05/25/203761,497  ^ 63 
FNW2007-W10 1A CSTR 8/4726,930  ^ 28 
FNW2007-W10 2A CSTR 8/477,926  ^
FHR3312 AB 6.5 6/328,515  ^
FNR2008-24 GD 6.5 3/372,308  ^
FNR2009-40 TB 6 6/3911,349  ^ 12 
FNR2010-123 WT 7% 11/4094,825  ^ 101 
FEDERAL NAT MTG ASN GTD REM PA3.5% 12/25/2030529,739  ^ 513 
FNMA5.50% 2/34 #7252066,233  ^
FNMA6.00% 3/34 #72522871,879  ^ 74 
FNMA6.00% 3/34 #72533099,621  ^ 103 
FNMA6.50% 12/32 #73541540,806  ^ 42 
FNMAARM 4.83% 8/35 #7358693,318  ^
FNMAARM 2.53% 1/36 #7453036,826  ^
FNMA6.00% 6/35 #74539810,612  ^ 11 
FNMA6.00% 4/34 #74594212,737  ^ 13 
FNMAARM 2.20% 8/35 #8322578,014  ^
FNMA30YR 4.5% 02/01/2041#BF01991,651,073  ^ 1,628 
FNMAARM 0% 10/47#BH934779,451  ^ 80 
FNMA30YR 4.5% 06/01/2048#BJ9262585,178  ^ 577 
FNMA30YR 4.5% 01/43#BM1357340,481  ^ 340 
FNMAARM 3.331% 03/01/2048#BM3572657,533  ^ 656 
FNMA30YR 4% 02/01/2047#BM3386814,422  ^ 784 
FNMAARM 3.359% 10/01/2049#BM6149397,190  ^ 385 
FNMA30YR 4.5% 11/01/2048#CA2643317,214  ^ 313 
FNMA30YR 2.5% 07/01/2050#CA62714,329,530  ^ 3,735 
FNMA30YR 2.5% 07/01/2050#CA63295,348,290  ^ 4,622 
FNMA30YR 2.5% 07/01/2050#CA63982,908,364  ^ 2,513 
FNMA30YR 3.5% 01/01/2051#FM75992,361,378  ^ 2,190 
FNMA30YR 2.5% 03/01/2051#FM82153,864,636  ^ 3,348 
FNMA30YR 2.5% 11/01/2051#FM971911,543,431  ^ 9925
FNMA3.5% 04/01/2052#FS14436,007,636  ^ 5,545 
FNMA3% 09/01/2042#FS37432,672,735  ^ 2,433 
FNMA6.50% 11/37 #8888918,025  ^
FNMA30YR 6.00% 3/36 #88895623,468  ^ 24 
FNMA7.00% 12/37 #88988613,790  ^ 15 
FNMAARM 2.979% 2/37 #9078606,511  ^
FNMA6.00% 8/37 #9954879,531  ^ 10 
FNMA5.50% 9/36 #9955757,419  ^
FNMAARM 5.289 10/38 #9950051,751  ^
FNMA6.00% 5/36 #99521228,839  ^ 30 
FNMA6.50% 12/38 #9956946,253  ^
FNMA5.50% 9/36 #995788109,452  ^ 112 
FNMA20YR 4.0% 11/1/30 #AB176379,449  ^ 79 
FNMA20YR 4.0% 03/01/2034#MA1814551,258  ^ 541 
FNMA20YR 4.0% 09/01/2034 #MA2055352,970  ^ 346 
FNMA20YR 4.0% 01/01/2035#MA2141484,815  ^ 475 
FNMA20YR 4.0% 07/01/2035#MA2366280,159  ^ 275 
FNMA20YR 3.5% 04/37#MA2962448,542  ^ 429 
FNMA30YR 5% 03/01/2049#MA3617169,330  ^ 170 
FNMA20YRS 4.00% 9/31 #MA3894152,657  ^ 151 
FNMA30YR 3.5% 06/01/2052#1,496,619  ^ 1,374 

- 24 -




CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
EIN 94-0890210 PLAN NO. 001
SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD
DECEMBER 31, 2023
(thousands of dollars)

(a) (b) (c)(d) (e)
 Description of Investment Including
 Identity of Issue, Borrower, Maturity Date, Rate of Interest, Number of
 Lessor, or Similar Party Collateral, or Maturity Value Shares / UnitsCost Current Value
FNMA 30YR 3.5% 05/01/2052#MA46004,160,029  ^ 3,819 
FNMA5.50% 9/38 #AD019845,223  ^ 47 
FNMA5.50% 4/37 #AD024955,085  ^ 56 
FNMA5.50% 12/39 #AD04948,633  ^
FNMA5.50% 9/39 #AD06506,622  ^
FNMA5.50% 6/36 #AD066341,044  ^ 42 
FNMA5.50% 7/35 #AD093114,775  ^ 15 
FNMA15YR 5.50% 1/25 #AE087518  ^
FNMA6.50% 9/38 #AE001232,558  ^ 34 
FNMA15YR 5.50% 10/24 #AE0380177  ^
FNMA15YR 5.50% 12/24 #AE0381126  ^
FNMA15YR 5.50% 10/24 #AE038280  ^
FNMA6.50% 1/39 #AE044231,930  ^ 34 
FNMA15YR 5.50% 5/24 #AE062026  ^
FHLMARM 0% 01/01/2053#8C60027,618,506  ^ 7,342 
GOVERNMENT NAT MTG ASSN HECM TSFR12M+86.513 12/20/1,436,073  ^ 1,424 
GOVERNMENT NAT MTG ASSN HECM 2018-H02 FM TSFR12M+81,193,191  ^ 1,174 
GOVERNMENT NAT MTG ASSN HECM TSFR12M+98.513 09/20/1,174,722  ^ 1,172 
GNR2018-H05 FE TSFR12M+78.513 02/682,071,838  ^ 2,045 
GOVERNMENT NAT MTG ASSN HECM2018-H09 FA TSFR12M+1985,165  ^ 974 
GOVERNMENT NAT MTG ASSN HECM2019-H04 FA TSFR12M+11,013,215  ^ 994 
GOVERNMENT NAT MTG ASSN HECMTSFR12M+106.513 05/20687,077  ^ 677 
GOVERNMENT NAT MTG ASSN HECMTSFR12M+116.513 05/206,707,919  ^ 6,751 
GOVERNMENT NAT MTG ASSN HECMTSFR1M+76.448 01/20/21,311,567  ^ 1,284 
GNR2022-H09 FA SOFR30A+67 04/20/20722,746,950  ^ 2,701 
GOVERNMENT NAT MTG AS REMIC PT SOFR30A+97 05/20/201,289,868  ^ 1,285 
SBAP2007-20D 1 5.32% 4/277,304 
US DEPT VETS AFF GTD REMI PASS 7.5% 06/15/202715,005  ^ 15 
Total Mortgage Backed Securities150,320 
Government Securities (Municipal Bonds & U.S. Govt & Foreign Obligations)
California State7.55% 4/1/39300,000  ^ 379 
California State7.3% 10/01/39410,000  ^ 496 
California State7.625% 03/01/40785,000  ^ 985 
Illinois StateTAXMUNI 5.1% 6/01/332,050,000  ^ 2,028 
New Jersy St Turnpike Auth.TPK REVBUILD AMERICA BONDS-1,470,000  ^ 1,777 
UNIV CA MED CTR4.563% 5/15/2053625,000  ^ 583 
UNITED STATES TREASURY BOND2.875% 05/15/20526,345,000  ^ 5,052 
UNITED STATES TREASURY BOND3% 08/15/20524,203,000  ^ 3,437 
UST NOTES TII 1.5% 02/15/20532,610,000  ^ 2,452 
UNITED STATES TREASURY BOND 3.625% 05/15/20532,960,000  ^ 2,737 
UNITED STATES TREASURY BOND 3.875% 05/15/2043395,000  ^ 377 
UNITED STATES TREASURY BOND 4.125% 08/15/205320,838,000  ^ 21,063 
UST NOTES 4.375% 11/30/20303,500,000  ^ 3,599 
COLOMBIA REPUBLIC OF 5.625% 02/26/20441,275,000  ^ 1,069 
Total Government Securities46,034 
Asset-Backed Securities
BNSF Railway Company2006 2 PASS THRU TR 5.629%5,106  ^
BNSF Railway Company2007 1 PASS THRU TR 5.996%57,550  ^ 58 
SLC Student Loan TrustSOFR90A+41.161 02/15/20456,429,153  ^ 6,213 
SLC Student Loan Trust2007 1 A5 SOFR90A35.1611,603,000  ^ 1,537 
SLM Student Loan TrustSOFR90A+43.161 07/25/20407,304,066  ^ 7,098 
SLM Student Loan Trust2006 8 SOFR90A+42.1612,436,870  ^ 2,355 
SMB Private ED LN TR 2023-B A1A 4.99% 10/16/2056 12,816,704  ^ 2,792 
Small Business AdministrationSBAP 2005-20E 1 4.84 5/251,599  ^

- 25 -




CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
EIN 94-0890210 PLAN NO. 001
SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD
DECEMBER 31, 2023
(thousands of dollars)

(a) (b) (c)(d) (e)
 Description of Investment Including
 Identity of Issue, Borrower, Maturity Date, Rate of Interest, Number of
 Lessor, or Similar Party Collateral, or Maturity Value Shares / UnitsCost Current Value
Small Business AdministrationSBAP 2005-20G 1 4.75 7/252,476  ^
Small Business AdministrationSBAP 2005-20I 1 4.76% 9/253,323  ^
Small Business AdministrationSBAP 2006-20A 1 5.21 1/262,992  ^
Small Business AdministrationSBAP2006-20C 1 5.57 3/263,837  ^
Small Business AdministrationSBAP 2006-20G 1 6.07% 7/266,689  ^
Small Business AdministrationSBAP 2007-20A 1 5.32 1/276,291  ^
Small Business AdministrationSBAP2007-20C 1 5.23 3/2710,144  ^ 10
Small Business AdministrationSBAP 2007-20G 1 5.82 7/278,160  ^
Union Pacific Railroad Company2007 3 PT TR 6.176% 01/02/203196,953  ^ 101 
Total Asset backed securities20,204 
Cash & Cash Equivalents
State Street Bank & Trust Co Short Term Investment Fund5,722,071  ^ 5,722 
Unsettled sales & purchases5,183 
TOTAL SEPARATE ACCOUNT (DODGE & COX)380,811 
CHEVRON STABLE VALUE SEPARATE ACCOUNT (PUTNAM)
Guaranteed Investment Contracts (GICs)
Jackson National Life Insurance Co.5.41% 6/27/20255,147,195 ^5,147 
Lincoln National Life Insurance Co.5.87%10,307,824 ^10,308 
Lincoln National Life Insurance Co.5.93% 12/31/20275,138,404 ^5,139 
Metropolitan Life Insurance Co.5.52%10,301,822 ^10,302 
Metropolitan Life Insurance Co.5.65% 1/30/20265,148,992 ^5,149 
Minnesota Life Insurance Co.5.60%10,278,487 ^10,279 
Principal Life Insurance Co.5.86%10,274,567 ^10,275 
United of Omaha Insurance Co.5.90%10,242,465 ^10,243 
Total Guaranteed Investment Contracts (GIC)s66,842 
Security-Backed Investment Contracts (synthetic GIC)
Putnam Short Duration Government Corporate Trust:
American General Life Insurance Co.7.28%23,901,422 ^23,901 
Massachusetts Mutual Insurance Co.7.28%23,901,423 ^23,901 
New York Life Insurance Co.7.29%22,860,149 ^22,860 
Putnam Intermediate Domestic Investment Grade Trust:
American United Life Insurance Co.6.37%18,641,339 ^18,641 
Citibank6.37%18,641,339 ^18,641 
Pacific Life Insurance Co.6.37%18,641,339 ^18,641 
Prudential Life Insurance Co.6.37%18,638,368 ^18,638 
Total Security-Backed Investment Contracts (synthetic GIC)145,223 
Cash & Cash Equivalents
FidelityShort Term Investment Fund9,324,215 ^9,324 
Unsettled sales & purchases258 
TOTAL CHEVRON STABLE VALUE SEPARATE ACCOUNT (PUTNAM)221,647 
TOTAL INVESTMENTS PER FINANCIAL STATEMENTS18,818,593 
Cash798 

- 26 -




CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
EIN 94-0890210 PLAN NO. 001
SCHEDULE H - PART IV, LINE 4(i) - SCHEDULE OF ASSETS HELD
DECEMBER 31, 2023
(thousands of dollars)

(a) (b) (c)(d) (e)
 Description of Investment Including
 Identity of Issue, Borrower, Maturity Date, Rate of Interest, Number of
 Lessor, or Similar Party Collateral, or Maturity Value Shares / UnitsCost Current Value
*PARTICIPANT LOANSInterest rates ranging from 2.23% to 10.25%117,346 
Maturity dates extend to 2049
TOTAL INVESTMENTS PER FORM 5500$18,936,737 
* Party-in-interest as defined by ERISA.
^ Participant directed investment cost not required to be included




- 27 -




EXHIBIT INDEX

Exhibit
Number
Description of Exhibit
* Filed herewith.



- 28 -





SIGNATURES

        
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.
                    
CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN
Date: June 27, 2024
/s/ Rose Z. Pierson
Chevron Corporation, Plan Administrator
By: Rose Z. Pierson
        Assistant Secretary
        Chevron Corporation
                                




- 29 -