Chevron Corp Sample Contracts

Chevron Corp – SUMMARY OF CHEVRON INCENTIVE PLAN AWARD CRITERIA (February 22nd, 2019)

The Chevron Incentive Plan (CIP) is designed to recognize annual performance achievements. Annual operating and financial results figure prominently into this assessment, along with demonstrated progress on key business initiatives. Individual leadership is also recognized through this award. The award is delivered as an annual cash bonus based on a percentage of each participant’s base salary. Participants include Chevron’s named executive officers (NEOs). The CIP award calculation is consistent for all CIP-eligible Chevron employees, with the award target varying by pay grade. The award is calculated as follows:

Chevron Corp – news release (February 1st, 2019)
Chevron Corp – news release (November 2nd, 2018)

San Ramon, Calif., Nov. 2, 2018 – Chevron Corporation (NYSE: CVX) today reported earnings of $4.0 billion ($2.11 per share - diluted) for third quarter 2018, compared with $2.0 billion ($1.03 per share - diluted) in the third quarter of 2017. Included in the current quarter were a write-off, an asset impairment, and a non-recurring contractual settlement totaling $930 million in the upstream segment, and a gain of $350 million on the sale of southern Africa refining, marketing and lubricant assets. Foreign currency effects decreased earnings in the 2018 third quarter by $51 million, compared with a decrease of $112 million a year earlier.

Chevron Corp – Contract (August 2nd, 2018)

This CONTRACT, effective as of June 29, 2018 (the “Effective Date”), is by and between Chevron Corporation, with offices at 6001 Bollinger Canyon Road, San Ramon, CA 94583 (“Company”), and John S. Watson (“Retired Executive”).

Chevron Corp – news release (July 27th, 2018)

San Ramon, Calif., July 27, 2018 – Chevron Corporation (NYSE: CVX) today reported earnings of $3.4 billion ($1.78 per share - diluted) for second quarter 2018, compared with $1.5 billion ($0.77 per share - diluted) in the second quarter of 2017. Included in the current quarter was a receivable write-down of $270 million charged to operating expense. Foreign currency effects increased earnings in the 2018 second quarter by $265 million, compared with an increase of $3 million a year earlier.

Chevron Corp – Chevron Corporation as Issuer and as Trustee INDENTURE Dated as of (May 3rd, 2018)

INDENTURE, dated as of                 , between Chevron Corporation, a corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”), and                 , as Trustee (herein called the “Trustee”).

Chevron Corp – news release (April 27th, 2018)

San Ramon, Calif., April 27, 2018 – Chevron Corporation (NYSE: CVX) today reported earnings of $3.6 billion ($1.90 per share - diluted) for first quarter 2018, compared with $2.7 billion ($1.41 per share - diluted) in the first quarter of 2017. Foreign currency effects increased earnings in the 2018 first quarter by $129 million, compared with a decrease of $241 million a year earlier.

Chevron Corp – Amendment to the Chevron Incentive Plan (Amended and Restated Effective January 1, 2008) (February 22nd, 2018)
Chevron Corp – AMENDMENT NUMBER ONE TO THE CHEVRON CORPORATION RETIREMENT RESTORATION PLAN (February 22nd, 2018)

WHEREAS, Chevron Corporation (the “Corporation”) has established and maintains the Chevron Corporation Retirement Restoration Plan (the “RRP”), which was last amended and restated effective January 1, 2009;

Chevron Corp – SUMMARY OF CHEVRON INCENTIVE PLAN AWARD CRITERIA (February 22nd, 2018)

The Chevron Incentive Plan (CIP) is designed to recognize annual performance achievements. Annual operating and financial results figure prominently into this assessment, along with demonstrated progress on key business initiatives. Individual leadership is also recognized through this award. The award is delivered as an annual cash bonus based on a percentage of each participant’s base salary. Participants include Chevron’s named executive officers (NEOs). The CIP award calculation is consistent for all CIP-eligible Chevron employees, with the award target varying by pay grade. The award is calculated as follows:

Chevron Corp – Chevron CorporationLong-Term Incentive Plan AwardPerformance Share Award (February 2nd, 2018)
Chevron Corp – news release (February 2nd, 2018)

San Ramon, Calif., Feb. 2, 2018 – Chevron Corporation (NYSE: CVX) today reported earnings of $3.1 billion ($1.64 per share - diluted) for fourth quarter 2017, compared with $415 million ($0.22 per share - diluted) in the 2016 fourth quarter. Included in the quarter were non-cash provisional tax benefits of $2.02 billion related to U.S. tax reform and a non-cash charge of $190 million related to a former mining asset. Foreign currency effects decreased earnings in the 2017 fourth quarter by $96 million.

Chevron Corp – Chevron CorporationLong-Term Incentive Plan AwardNon-Qualified Stock Options (February 2nd, 2018)
Chevron Corp – Chevron CorporationLong-Term Incentive Plan AwardStandard Restricted Stock Unit Award (February 2nd, 2018)
Chevron Corp – IMPORTANT NOTICE REGARDING THE CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN BLACKOUT PERIOD AND TRADING RESTRICTIONS IN CHEVRON CORPORATION COMMON STOCK DURING THE BLACKOUT PERIOD (November 13th, 2017)

The Chevron Employee Savings Investment Plan (the “ESIP”) will be entering a blackout period due to a change in the recordkeeper for the ESIP from Vanguard to Fidelity Investments. The blackout will begin on December 18, 2017 for purposes of brokerage account transactions only and expand to all ESIP transactions on December 26, 2017. During the full blackout period starting on December 26, 2017, ESIP participants will not be able to direct or diversify investments in their individual accounts, obtain a loan or receive a distribution (or withdrawal) from the ESIP. Most importantly for purposes of this notice, ESIP participants will not be able to direct or diversify investments in the ESIP’s Chevron Stock Fund.

Chevron Corp – CHEVRON CORPORATION ESIP RESTORATION PLAN (November 2nd, 2017)
Chevron Corp – news release (October 27th, 2017)

San Ramon, Calif., Oct. 27, 2017 – Chevron Corporation (NYSE: CVX) today reported earnings of $2.0 billion ($1.03 per share - diluted) for third quarter 2017, compared with $1.3 billion ($0.68 per share - diluted) in the third quarter of 2016. Included in the quarter was a gain on an asset sale of $675 million and an asset write-off of $220 million. Foreign currency effects decreased earnings in the 2017 third quarter by $112 million, compared with an increase of $72 million a year earlier.

Chevron Corp – news release (July 28th, 2017)

San Ramon, Calif., July 28, 2017 – Chevron Corporation (NYSE: CVX) today reported earnings of $1.5 billion ($0.77 per share - diluted) for second quarter 2017, compared with a loss of $1.5 billion ($0.78 per share - diluted) in the second quarter of 2016. Included in the quarter were impairments and other non-cash charges totaling $430 million, partially offset by gains on asset sales of $160 million. Foreign currency effects increased earnings in the 2017 second quarter by $3 million, compared with an increase of $279 million a year earlier.

Chevron Corp – news release (April 28th, 2017)

San Ramon, Calif., April 28, 2017 – Chevron Corporation (NYSE: CVX) today reported earnings of $2.7 billion ($1.41 per share – diluted) for first quarter 2017, compared with a loss of $725 million ($0.39 per share – diluted) in the 2016 first quarter. Included in the quarter was a gain of approximately $600 million from the sale of an upstream asset. Foreign currency effects decreased earnings in first quarter 2017 by $241 million, compared with a decrease of $319 million a year earlier.

Chevron Corp – NINTH SUPPLEMENTAL INDENTURE BETWEEN CHEVRON CORPORATION, As Issuer and WELLS FARGO BANK, NATIONAL ASSOCIATION, As Trustee Dated as of March 3, 2017 (March 3rd, 2017)

THIS NINTH SUPPLEMENTAL INDENTURE, dated as of March 3, 2017, between CHEVRON CORPORATION, a Delaware corporation, as Issuer (“Chevron”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (as successor to The Bank of New York, as successor to JPMorgan Chase Bank, as successor to The Chase Manhattan Bank, as successor to Chemical Bank) a national banking association, as Trustee (the “Trustee”).

Chevron Corp – UNDERWRITING AGREEMENT (March 3rd, 2017)
Chevron Corp – news release (January 27th, 2017)

San Ramon, Calif., Jan. 27, 2017 – Chevron Corporation (NYSE: CVX) today reported earnings of $415 million ($0.22 per share – diluted) for fourth quarter 2016, compared with a loss of $588 million ($0.31 per share – diluted) in the 2015 fourth quarter. Foreign currency effects increased earnings in the 2016 quarter by $26 million, compared with an increase of $46 million a year earlier.

Chevron Corp – press release (January 26th, 2017)

SAN RAMON, Calif., Jan. 25, 2017 – Chevron Corporation (NYSE: CVX) said today that Michael K. Wirth, executive vice president of Midstream and Development, has been named vice chairman, effective February 1, 2017.

Chevron Corp – news release (October 28th, 2016)

San Ramon, Calif., October 28, 2016 – Chevron Corporation (NYSE: CVX) today reported earnings of $1.3 billion ($0.68 per share – diluted) for third quarter 2016, compared with earnings of $2.0 billion ($1.09 per share – diluted) in the third quarter of 2015. Foreign currency effects increased earnings in the 2016 third quarter by $72 million, compared with an increase of $394 million a year earlier.

Chevron Corp – AMENDMENT NUMBER ONE TO THE CHEVRON CORPORATION NON-EMPLOYEE DIRECTORS’ EQUITY COMPENSATION AND DEFERRAL PLAN (August 4th, 2016)

WHEREAS, Chevron Corporation (the “Corporation”) maintains the Chevron Corporation Non-Employee Directors’ Equity Compensation and Deferral Plan (the “Plan”); and

Chevron Corp – news release (July 29th, 2016)

San Ramon, Calif., July 29, 2016 – Chevron Corporation (NYSE: CVX) today reported a loss of $1.5 billion ($0.78 per share – diluted) for second quarter 2016, compared with earnings of $571 million ($0.30 per share – diluted) in the second quarter of 2015. Included in the quarter were impairments and other non-cash charges totaling $2.8 billion, partially offset by gains on asset sales of $420 million. Foreign currency effects increased earnings in the 2016 second quarter by $279 million, compared with a decrease of $251 million a year earlier.

Chevron Corp – UNDERWRITING AGREEMENT (May 17th, 2016)
Chevron Corp – EIGHTH SUPPLEMENTAL INDENTURE BETWEEN CHEVRON CORPORATION, As Issuer and WELLS FARGO BANK, NATIONAL ASSOCIATION, As Trustee Dated as of May 16, 2016 (May 17th, 2016)

THIS EIGHTH SUPPLEMENTAL INDENTURE, dated as of May 16, 2016, between CHEVRON CORPORATION, a Delaware corporation, as Issuer (“Chevron”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (as successor to The Bank of New York, as successor to JPMorgan Chase Bank, as successor to The Chase Manhattan Bank, as successor to Chemical Bank) a national banking association, as Trustee (the “Trustee”).

Chevron Corp – news release (April 29th, 2016)

San Ramon, Calif., April 29, 2016 – Chevron Corporation (NYSE: CVX) today reported a loss of $725 million ($0.39 per share – diluted) for first quarter 2016, compared with earnings of $2.6 billion ($1.37 per share – diluted) in the 2015 first quarter. Foreign currency effects decreased earnings in the 2016 quarter by $319 million, compared with an increase of $580 million a year earlier.

Chevron Corp – news release (January 29th, 2016)

SAN RAMON, Calif., January 29, 2016 – Chevron Corporation (NYSE: CVX) today reported earnings of $588 million ($0.31 per share – diluted) for fourth quarter 2015, compared with earnings of $3.5 billion ($1.85 per share – diluted) in the 2014 fourth quarter. Foreign currency effects increased earnings in the 2015 quarter by $46 million, compared with an increase of $432 million a year earlier.

Chevron Corp – news release (January 29th, 2016)

SAN RAMON, Calif., January 29, 2016 – Chevron Corporation (NYSE: CVX) today reported a loss of $588 million ($0.31 per share – diluted) for fourth quarter 2015, compared with earnings of $3.5 billion ($1.85 per share – diluted) in the 2014 fourth quarter. Foreign currency effects increased earnings in the 2015 quarter by $46 million, compared with an increase of $432 million a year earlier.

Chevron Corp – UNDERWRITING AGREEMENT (November 18th, 2015)
Chevron Corp – SEVENTH SUPPLEMENTAL INDENTURE (November 18th, 2015)

THIS SEVENTH SUPPLEMENTAL INDENTURE, dated as of November 17, 2015, between CHEVRON CORPORATION, a Delaware corporation, as Issuer (“Chevron”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (as successor to The Bank of New York, as successor to JPMorgan Chase Bank, as successor to The Chase Manhattan Bank, as successor to Chemical Bank) a national banking association, as Trustee (the “Trustee”).

Chevron Corp – News Release (October 30th, 2015)

SAN RAMON, Calif., October 30, 2015 – Chevron Corporation (NYSE: CVX) today reported earnings of $2.0 billion ($1.09 per share – diluted) for third quarter 2015, compared with earnings of $5.6 billion ($2.95 per share – diluted) in the 2014 third quarter. Foreign currency effects increased earnings in the 2015 quarter by $394 million, compared with an increase of $366 million a year earlier.

Chevron Corp – BY-LAWS of CHEVRON CORPORATION As Amended September 30, 2015 (September 30th, 2015)