Chevron Corp

Monitoring, auditing and public reporting of GHG emissions from the Wheatstone Operations facility is carried out in accordance with the requirements of the NGER Act, or as otherwise required by law. The GHG emissions from the Wheatstone LNG Plant are a subset of those from the Wheatstone Operations facility, as such the same monitoring, auditing and reporting processes will apply, including public reporting of GHG emissions on an annual basis. In addition, monitoring, auditing and public reporting of GHG emissions from the Wheatstone LNG Plant will be carried out in accordance with MS 873 (as amended), including: - annual report per condition 19-11; and - five-yearly reporting per condition 19-12. A summary document comprising of a summary plan and progress statement outlining key information from the GHGMP (and reports to that time) will be submitted to the Chief Executive Officer of DWER and published on CAPL's website each time a revised GHGMP is submitted to the DWER. The summary document will provide information, per condition 19-9, in an accessible form, which can be easily reviewed by third parties for transparency. In addition, annual compliance reporting will be undertaken in accordance with condition 4 of MS 873 (as amended).

Lobbying is an important way for Chevron to participate in the political process. In the United States, Chevron engages with executive and legislative branches of federal, state and local governments to provide perspective on energy issues affecting the nation and the world. Chevron strives to maintain positive, constructive relationships with policymakers and their staffs. In our engagements, we talk about the economy, regulations, energy security, foreign policy, research and energy development. Chevron also works with trade associations to advocate for effective, responsible and nonpartisan standards, regulations and energy policies. [...] We've updated Chevron's lobbying and trade association webpage (chevron.co/lobbyingandtrade) to be responsive to stakeholders' increasing interest in how we engage with policymakers. The webpage outlines our political engagement strategies; our governance, policies, processes and training; our five-year history of corporate political and CEPAC contributions, including oversight of these activities by Chevron's Executive Committee, the Board's Public Policy and Sustainability Committee, and the CEPAC Board; and disclosure details. The webpage also includes links to all Chevron external reports representing the jurisdictions where we lobby and comprehensive trade association membership lists and disclosure of information, including semiannual updates of membership in U.S.-based organizations and lobbying expenditure ranges for each organization. [...] Chevron has both executive management and Board oversight of our lobbying and trade association activities. Chevron's Public Policy and Sustainability Committee (PPSC) of the Board is the Committee primarily responsible for assisting the Board in overseeing climate and lobbying policy and reporting, as well as Chevron's response to stockholder concerns regarding such activities. The Committee annually reviews the policies, procedures and expenditures related to the company's political contributions and lobbying to assess the value of these activities and alignment with Chevron's positions and interests, including those related to climate. At the management level, oversight of climate policy and lobbying is done through the Global Issues Committee (GIC). Chevron's Corporate officer responsible for climate change issues is a member of the GIC and serves as the secretary of the PPSC, enabling efficient sharing of information and guidance.

The Public Policy and Sustainability Committee assists the Board in overseeing environmental, social, human rights, political, and public policy matters relevant to Chevron's activities and performance and in effectively responding to stockholder concerns related to these key topics. [...] Reviews annually the policies, procedures, expenditures, and public disclosure practices related to Chevron's political activities, including political contributions and direct and indirect lobbying [...] In conjunction with the Governance Committee, oversees Chevron's stockholder engagement program and makes recommendations regarding stockholder engagement [...] Reports its discussions to the full Board for consideration and action when appropriate.

Increased transparency concerning lobbying and trade association memberships Increased transparency concerning lobbying and trade association memberships [...] Building on our 2020 Climate Lobbying Report, we updated the lobbying and trade association webpage that includes a detailed description of our policies, processes and oversight. We now disclose all U.S. trade association memberships where a portion of our dues are attributed to lobbying and the range of lobbying expenditures made through these trade associations. We report a five-year history of corporate political and Chevron Employees Political Action Committee contributions and the Executive Committee reviews and endorses corporate political contributions and the central budget annually. All Chevron employees adhere to strict internal review procedures for all corporate political contributions, and no employee is reimbursed for making a political contribution. All corporate political contributions are made independent of executives' personal political preferences and in alignment with Chevron's business interests. Beginning in 2022, we are planning semiannual updates regarding corporate political contributions and employee political action committee contributions. [...] As part of our oversight, employees receive mandated online training on political compliance education, delivered to in-scope employees and translated into several languages. In addition, internal legal counsel and the political compliance team provide regularly scheduled training to all employees who might engage in lobbying activities. Some jurisdictions, including California, also require that lobbyists take training as part of their registration.

The charter of the Public Policy and Sustainability Committee (PPSC) clarifies the manner in which the Committee assists the Board with climate change and other sustainability issues, includ?ing changing the Committee's name from "Public Policy Committee" to "Public Policy and Sustainability Committee." [...] The Global Issues Committee (GIC), an executive-level sub?committee, oversees Chevron's policies and positions on sustainability issues and practices. The Vice President of Strategy and Sustainability chairs the GIC and serves as the secretary to the PPSC, connecting the GIC's work to the oversight of the PPSC. [...] We now disclose all U.S. trade association memberships where a portion of our dues are attributed to lobbying and the range of lobbying expenditures made through these trade associations. We report a five-year history of corporate political and Chevron Employees Political Action Committee contributions and the Executive Committee reviews and endorses corporate political contributions and the central budget annually. All Chevron employees adhere to strict internal review procedures for all corporate political contributions, and no employee is reimbursed for making a political contribution. All corporate political contributions are made independent of executives' personal political preferences and in alignment with Chevron's business interests. Beginning in 2022, we are planning semi?annual updates regarding corporate political contributions and employee political action committee contributions. [...] As part of our oversight, employees receive mandated online training on political compliance education, delivered to in-scope employees and translated into several languages. In addition, internal legal counsel and the political compliance team provide regularly scheduled training to all employees who might engage in lobbying activities. Some jurisdictions, including California, also require that lobbyists take training as part of their registration.

Chevron adheres to rigorous ethical standards when engaging in lobbying, ensures that such activities align with corporate goals, and complies with laws governing lobbying activities and disclosure. We lobby ethically, constructively and in a nonpartisan manner. [...] The Chevron website communicates our focus on transparency and desire to be responsive to stakeholders' increasing interest in how we engage with policymakers. The website outlines (1) our political engagement strategies; (2) our political engagement oversight, policies, processes and training; and (3) disclosure details, which include our lobbying activities and links to all Chevron external reports representing the jurisdictions where we lobby, comprehensive trade association membership lists, including annual and semiannual lists that identifies U.S.-based organizations that reported a percentage of the funding they received from Chevron as a lobbying expense. This list also includes a range of lobbying expenditures for each organization. [...] Chevron has strict policies to help employees understand requirements for engaging with U.S. political officials. For example, company policies specify that Chevron's vice president of Corporate Affairs is responsible for providing an effective political engagement program that complies with all laws and regulations and internal policies, including complete and timely lobbying registration and reporting. Both lobbying and corporate political contributions are highly regulated internally by the Government Affairs team with rigorous oversight by Chevron's corporate compliance team and audit. Chevron provides dedicated compliance staff, legal counsel and resources to ensure compliance with all relevant laws, regulations, and company policies related to corporate lobbying activities and political contributions. [...] Chevron's Public Policy and Sustainability Committee is chartered to assist the Board of Directors in overseeing – among other things – political activities and providing appropriate attention and effective response to stockholder concerns regarding such activities. The committee annually reviews the policies, procedures and expenditures related to the Corporation's political contributions and lobbying to assess the value of these activities and ensure alignment with Chevron's positions and interests. At the time this review is conducted, the committee provides guidance on Chevron's political activities to the vice president of Corporate Affairs. [...] Chevron's Corporate Affairs centrally manages a process to gather and report lobbying activities which includes: officials contacted, matters lobbied, employee time, expenses, gifts and political contributions depending on the jurisdiction's requirements. [...] On an annual basis, senior Chevron staff review trade association memberships to consider value to the business. All associations in which a portion of funds are anticipated to be used for lobbying purposes go through a rigorous budgeting process. Where appropriate, senior Chevron staff will sit on trade association boards and advisory committees to directly engage the associations. The Board of Directors Public Policy and Sustainability Committee annually reviews Chevron's lobbying activities and budget, including trade association memberships, to assess value and alignment with Chevron's interests. [...] Chevron provides a regularly scheduled training program for employees who might engage in lobbying activities, so employees understand and adhere to applicable U.S. federal, state, and local laws and regulations. [...] We take a number of steps to promote transparency and accountability for our political involvement: y We have sound policies and processes y The executive committee yearly reviews and endorses corporate political contributions and central budget y The Public Policy and Sustainability Committee of our board receives and reviews the policies, procedures and expenditures for our political contributions and direct and indirect lobbying y We have a robust training and audit program and conduct regular reviews of our lobbying and related processes to ensure compliance with all applicable laws and Chevron policies y We report all jurisdictions where we lobby y We report a five-year history of corporate political and CEPAC contributions on the company's external websites y Upon written request by any stockholder, we provide a list of all political contributions y Contribution and lobbying data are available from a number of public sources

Our governance structure calls for Chevron's full Board of Directors and executive leadership to exercise their oversight responsibilities with respect to potential climate change–related risks and energy-transition opportunities. This oversight is executed through regular engagement by the full Board of Directors and also through deeper, focused engagement by all Board committees. This occurs primarily through the Board's Public Policy and Sustainability Committee, as well as the Board's Management Compensation, Audit, and Nominating and Governance Committees. At the executive level, we manage potential climate change–related risks and energy-transition opportunities through the Enterprise Leadership Team and the Global Issues Committee, each of which meets regularly throughout the year. We periodically reassess our governance structure to enable Chevron to maintain a Board composition and governance frame­work that is effective for managing the Company's per­formance and risks as we deliver value to our investors.

###### reliable and disciplined oversight

Our governance structure calls for Chevron's full Board of Directors and executive leadership to exercise their oversight responsibilities with respect to climate change–related risks and energy-transition opportunities. This oversight is executed through regular engagement by the full Board of Directors and also through deeper, focused engagement by all Board Committees. This occurs primarily through the Board's Public Policy and Sustainability Committee, as well as the Board's Management Compensation, Audit, and Nominating and Governance Committees. At the executive level, we manage climate change–related risks and energy-transition opportunities through the Enterprise Leadership Team and the Global Issues Committee, each of which meets regularly throughout the year. We periodically reassess our governance structure to enable Chevron to maintain a Board composition and governance frame­work that is effective for managing the Company's per­formance and risks as we deliver value to our investors.

###### 1.1 board oversight

Chevron's Board oversees the Company's strategic planning and risk management, both of which include climate change issues. Chevron's governance structure includes multiple avenues for the Board to exercise its oversight responsibilities with respect to risks and opportunities, including those related to climate change.

The full Board, on an annual basis, reviews the Company's strategy, including long-term energy outlooks and leading indicators that could signify change. The Board has access to education and training on climate-related materials and to Chevron's internal subject matter experts. The Board also regularly receives briefings on climate-related issues, including policies and regulations, technology, and adaptation. The full Board has met with external experts who have shared their perspectives on climate change and the energy transition. Accessing external experts—who have differing viewpoints about the speed and scale of the energy transition—in addition to internal experts, enables the Board to consider the risks and energy opportunities arising from climate change.

The Board and its committees annually review Chevron's Enterprise Risk Management (ERM) process, which assists the Board of Directors and executive leadership in overseeing key strategic risks for the Company. Climate change is addressed in a comprehensive manner in the ERM process (see page 9).

Given the nature of climate change and its relevance to our business, the entire Board addresses climate change–related issues, with each of the Board's committees focused on certain aspects. The Board has four standing committees: Public Policy and Sustainability; Audit; Nominating and Governance; and Management Compensation. Each Board committee includes only independent Directors, and each is chaired by an independent Director, who determines the frequency, length, and agenda of the meetings. Each Committee Chair has access to management, Company information, and independent advisors, as needed. Issues considered by the committees are regularly reported to the Board. In 2020 and 2021, the full Board reviewed its governance of climate change–related risks and energy-transition opportunities with the aim of ensuring complete coverage and assignment of respon­sibilities. Each committee undertook a revision of its charter in order to clearly and proactively articulate its oversight related to climate issues and coverage of related Board responsibilities. The Public Policy and Sustainability Committee's charter was enhanced to underscore its leadership role among the Board committees in providing oversight of climate change–related risks and energy-transition opportunities.

**1.1.1 Public Policy and Sustainability Committee (PPSC)**
The PPSC assists the Board in monitoring, identifying, and evalu­ating climate risks, policies, and trends that affect Chevron's activities and performance. The PPSC discusses Chevron's progress in addressing the energy transition, establishment of climate-related goals, and voluntary reporting of environmental matters, including those related to sustainability and climate change. The PPSC reviews Chevron's political activities, including how its direct and indirect lobbying on climate issues supports Chevron's climate strategy and reflects on the Company's reputation. In conjunction with the Board Nominating and Governance Committee, the PPSC reviews climate-related proxy proposals and makes recommendations on the Company's responses. The PPSC is also responsible for overall coordination within the Board on climate-related issues.

**1.1.2 Audit Committee (AC)**
The AC is responsible for oversight of the integrity and com­­pliance of the Company's financial statements and for seeing that financial reports and associated disclosures adequately reflect all financial risks that are material to the business. The AC analyzes potential financial risk exposures as part of Chevron's ERM process, including potential financial risks associated with climate change. These risks are discussed in the Risk Factors section of [...] **1.2.2 Global Issues Committee**
The GIC oversees the development of Chevron's policies and positions related to global issues that may have a significant impact on Chevron's business interests and reputation.

###### The vice president of Chevron
Strategy & Sustainability chairs

the GIC and serves as the
secretary to the PPSC of the Board,
ensuring that the GIC's
work is connected to the PPSC.

The GIC receives updates from subject matter experts on an array of climate change–related issues, such as carbon policy development around the world; Company positions on carbon policy; political developments; lobbying and trade association activity; and environmental, social, and governance (ESG) reporting practices. The GIC reviews the climate change–related actions of other companies to understand how our peers are responding to climate change–related risks and energy-transition opportunities. It also oversees our stockholder engagement plan and reviews feedback from our stockholder engagements. The GIC is focused on ensuring that our strategy is clearly communicated and that stakeholder feedback and concerns are carefully considered.

###### oversight

Chevron has both executive management and Board oversight of lobbying and trade association activities. The Public Policy and Sustainability Committee (PPSC) has primary responsibility for assisting Chevron's Board of Directors in overseeing lobbying policy and reporting, as well as Chevron's response to stockholder concerns regarding such activities. The PPSC annually reviews the policies, procedures and expenditures related to the company's lobbying to assess the value of these activities and alignment with Chevron's positions and interests, including those related to sustainability.

###### lobbying activities

Lobbying activities, in the United States and elsewhere, are highly regulated. Each jurisdiction sets forth regulations and establishes the policies and guidelines associated with reporting and disclosure. Chevron has an effective program to comply with all laws and regulations, including complete and timely lobbying registration and reporting. Prior to engaging in lobbying activities, employees must obtain guidance from Chevron's Vice President and General Manager of Government Affairs, Chevron's political law counsel and Chevron's political compliance team.

**European Union: The European Union (EU) recognizes** the importance of lobbying activities as a legitimate and necessary part of the decision-making process. The EU established the transparency register to provide for oversight of lobbying activities and allow for public scrutiny. The transparency register is an online database listing associations, groups, self-employed individuals and organizations, including Chevron, who conduct lobbying activities toward the EU. Registration with the transparency register was originally voluntary and became mandatory in 2021.

Registrants disclose what interests are being represented at the EU level, by whom and on whose behalf. The register also discloses the resources supporting lobbying activities, which may include financial support, donations and sponsorships.

###### trade associations

Chevron holds memberships in industry and other associations that provide expert perspectives on a broad range of issues including safety, business, technical and industry best practices. Chevron does not control, and may not always agree with, positions taken by trade associations of which we are members. Trade associations provide a unique venue to engage with other companies and industry experts.

Executive management and the PPSC have oversight of our trade association activities and evaluate the business case and alignment with Chevron's positions and interests, including [those related to climate. To learn more, visit chevron.co/trade.](https://www.chevron.com/investors/esg#trade-associations)

Our governance structure calls for Chevron's full Board of Directors and executive leadership to exercise their oversight responsibilities with respect to potential climate change–related risks and energy-transition opportunities. This oversight is executed through regular engagement by the full Board of Directors and also through deeper, focused engagement by all Board committees. This occurs primarily through the Board's Public Policy and Sustainability Committee, as well as the Board's Management Compensation, Audit, and Nominating and Governance Committees. At the executive level, we manage potential climate change–related risks and energy-transition opportunities through the Enterprise Leadership Team and the Global Issues Committee, each of which meets regularly throughout the year. We periodically reassess our governance structure to enable Chevron to maintain a Board composition and governance frame­work that is effective for managing the Company's per­formance and risks as we deliver value to our investors. [...] The PPSC reviews Chevron's political activities, including how its direct and indirect lobbying on climate issues supports Chevron's climate strategy and reflects on the Company's reputation. In conjunction with the Board Nominating and Governance Committee, the PPSC reviews climate-related proxy proposals and makes recommendations on the Company's responses. The PPSC is also responsible for overall coordination within the Board on climate-related issues.

Our governance structure calls for Chevron's full Board of Directors and executive leadership to exercise their oversight responsibilities with respect to climate change–related risks and energy-transition opportunities. This oversight is executed through regular engagement by the full Board of Directors and also through deeper, focused engagement by all Board Committees. This occurs primarily through the Board's Public Policy and Sustainability Committee, as well as the Board's Management Compensation, Audit, and Nominating and Governance Committees. At the executive level, we manage climate change–related risks and energy-transition opportunities through the Enterprise Leadership Team and the Global Issues Committee, each of which meets regularly throughout the year. We periodically reassess our governance structure to enable Chevron to maintain a Board composition and governance framework that is effective for managing the Company's performance and risks as we deliver value to our investors.

Chevron adheres to rigorous ethical standards when engaging in lobbying, ensures that such activities align with corporate goals, and complies with laws governing lobbying activities and disclosure. We lobby ethically, constructively and in a nonpartisan manner. [...] The Chevron website communicates our focus on transparency and desire to be responsive to stakeholders' increasing interest in how we engage with policymakers. The website outlines (1) our political engagement strategies; (2) our political engagement oversight, policies, processes and training; and (3) disclosure details, which include our lobbying activities and links to all Chevron external reports representing the jurisdictions where we lobby, comprehensive trade association membership lists, including annual and semiannual lists that identifies U.S.-based organizations that reported a percentage of the funding they received from Chevron as a lobbying expense. This list also includes a range of lobbying expenditures for each organization. [...] Chevron's Public Policy and Sustainability Committee is chartered to assist the Board of Directors in overseeing – among other things – political activities and providing appropriate attention and effective response to stockholder concerns regarding such activities. The committee annually reviews the policies, procedures and expenditures related to the Corporation's political contributions and lobbying to assess the value of these activities and ensure alignment with Chevron's positions and interests. At the time this review is conducted, the committee provides guidance on Chevron's political activities to the vice president of Corporate Affairs. [...] Chevron provides dedicated compliance staff, legal counsel and resources to ensure compliance with all relevant laws, regulations, and company policies related to corporate lobbying activities and political contributions. [...] Chevron's Corporate Affairs centrally manages a process to gather and report lobbying activities which includes: officials contacted, matters lobbied, employee time, expenses, gifts and political contributions depending on the jurisdiction's requirements. [...] On an annual basis, senior Chevron staff review trade association memberships to consider value to the business. All associations in which a portion of funds are anticipated to be used for lobbying purposes go through a rigorous budgeting process. Where appropriate, senior Chevron staff will sit on trade association boards and advisory committees to directly engage the associations. The Board of Directors Public Policy and Sustainability Committee annually reviews Chevron's lobbying activities and budget, including trade association memberships, to assess value and alignment with Chevron's interests.

Chevron adheres to rigorous ethical standards when engaging in lobbying, ensures that such activities align with corporate goals, and complies with laws governing lobbying activities and disclosure. We lobby ethically, constructively and in a nonpartisan manner. [...] The Chevron website communicates our focus on transparency and desire to be responsive to stakeholders' increasing interest in how we engage with policymakers. The website outlines (1) our political engagement strategies; (2) our political engagement oversight, policies, processes and training; and (3) disclosure details, which include our lobbying activities and links to all Chevron external reports representing the jurisdictions where we lobby, comprehensive trade association membership lists, including a 2021 and 2022 semiannual list that identifies U.S.-based organizations that reported a percentage of the funding they received from Chevron as a lobbying expense. This list also includes a range of lobbying expenditures for each organization [...] Chevron has strict policies to help employees understand requirements for engaging with U.S. political officials. For example, company policies specify that Chevron's vice president of Corporate Affairs is responsible for providing an effective political engagement program that complies with all laws and regulations and internal policies, including complete and timely lobbying registration and reporting. Both lobbying and corporate political contributions are highly regulated internally by the Government Affairs team with rigorous oversight by Chevron's corporate compliance team and audit. Chevron provides dedicated compliance staff, legal counsel and resources to ensure compliance with all relevant laws, regulations, and company policies related to corporate lobbying activities and political contributions. [...] Chevron's Public Policy and Sustainability Committee is chartered to assist the Board of Directors in overseeing – among other things – political activities and providing appropriate attention and effective response to stockholder concerns regarding such activities. The committee annually reviews the policies, procedures and expenditures related to the Corporation's political contributions and lobbying to assess the value of these activities and ensure alignment with Chevron's positions and interests. At the time this review is conducted, the committee provides guidance on Chevron's political activities to the vice president of Corporate Affairs. [...] Chevron's Corporate Affairs centrally manages a process to gather and report lobbying activities which includes: officials contacted, matters lobbied, employee time, expenses, gifts and political contributions depending on the jurisdiction's requirements. Key elements of the procedures are: Determination of lobbying registration and reporting requirements; Approvals from legal and Corporate Affairs in advance of registering as a U.S. lobbyist, or hiring a political consultant or lobbyist; Internal reporting of all U.S. lobbying activities; Procedures to report lobbying activities to U.S. federal, state and local jurisdictions in a timely manner [...] On an annual basis, senior Chevron staff review trade association memberships to consider value to the business. All associations in which a portion of funds are anticipated to be used for lobbying purposes go through a rigorous budgeting process. Where appropriate, senior Chevron staff will sit on trade association boards and advisory committees to directly engage the associations. The Board of Directors Public Policy and Sustainability Committee annually reviews Chevron's lobbying activities and budget, including trade association memberships, to assess value and alignment with Chevron's interests. [...] Chevron provides a regularly scheduled training program for employees who might engage in lobbying activities, so employees understand and adhere to applicable U.S. federal, state, and local laws and regulations. Formal online training formal in person training on As part of our oversight, employees receive lobbying and political contributions robust web‑based training on political compliance. In addition, to online training, internal legal counsel and the political compliance team provides regularly scheduled training to all employees who might engage in lobbying activities, so they understand and adhere to applicable U.S. federal, state, and local laws and regulations.

lobbying and trade associations

© 2023 Chevron Corporation. All rights reserved. BH 0323-2663502

vision

3

Message from Albert (Al) Williams

Vice president of Corporate Affairs

4

Executive summary

in this report

engagepmoelnitticsatrlategies governance

5

Strategy

Chevron's strategy and political engagement framework

6

Lobbying

Why we engage

7

Trade associations

Why we are members

9

Political contributions

Why we give

10

Governance

Board and management oversight of political engagements

transparency and disclosure

15

Transparency and disclosure

y Trade associations y Political contributions y Lobbying reporting

14

State reports

15

City reports

Lobbying and trade associations

2

message from albert williams

vice president of corporate affairs

"we advocate on behalf of our employees and stockholders to support our ambition to deliver affordable, reliable and ever-cleaner energy. we believe that energy policy is a critical public policy issue and are committed to engaging in the public policy process. we adhere to ethical standards when engaging in lobbying and comply with all laws governing lobbying activities and disclosure."

– albert (al) williams

Powering human progress takes energy

At Chevron, we believe that energy policy is a critical public policy issue and are committed to engaging in the public policy process. This includes protecting and promoting the interests of our shareholders and carefully considering the needs and concerns of our stakeholders. Chevron also believes that transparency and accountability are important aspects of corporate political activity. That is why Chevron provides extensive disclosure of these activities.

We are guided by The Chevron Way. The Chevron Way has stood the test of time. It's an integral part of our past and present. And it shows us the way to future success as we continue to develop the energy that improves lives and powers the world forward. It describes Chevron's vision to be the global energy company most admired for its people, partnership and performance. The Chevron Way guides our engagement with policymakers and stakeholders. Sharing our views, and understanding those of others, is fundamental to our success. Chevron adheres to rigorous ethical standards when engaging in lobbying, ensures that such activities align with corporate goals, and complies with laws governing lobbying activities and disclosure. We lobby ethically, constructively and in a nonpartisan manner.

The Chevron website communicates our focus on transparency and desire to be responsive to stakeholders' increasing interest in how we engage with policymakers. The website outlines (1) our political engagement strategies; (2) our political engagement oversight, policies, processes and training; and (3) disclosure details, which include our lobbying activities and links to all Chevron external reports representing the jurisdictions where we lobby, comprehensive trade association membership lists, including annual and semiannual lists that identifies U.S.-based organizations that reported a percentage of the funding they received from Chevron as a lobbying expense. This list also includes a range of lobbying expenditures for each organization.

Lobbying and trade associations

3

executive summary

Chevron's political activities are designed to support our ambition to deliver affordable, reliable and ever-cleaner energy. Our engagements aim to deliver insight and recommendations on policy matters important to Chevron.

three takeaways from this report

political engagement strategies

transparency governance and disclosure

chevron's political engagement strategies are aligned with corporate goals

we have robust governance over political engagements

we promote transparency and disclosure of our lobbying, trade association memberships and political contributions

Lobbying and trade associations

4

strategy

energy policy is a critical public policy issue

Public policy decisions can have significant implications for Chevron's current operations and our future. Accordingly, Chevron exercises its right and responsibility to participate in the political process through lobbying and political contributions. Our political activities meet ethical standards, adhere to all applicable policies, procedures and laws, and align with company interests.

chevron's 140+ year history brings expertise on many issues and important policy matters. our goals are to help shape effective, responsible and nonpartisan U.S. energy policy.

Lobbying and trade associations

5

lobbying

why we engage

Lobbying is an important way for Chevron to participate in the political process. Chevron engages in direct and indirect lobbying. Direct lobbying is conducted by our employees and contract lobbyists. Related activities that support our employees and contractors are referred to as indirect lobbying activities and include research and analysis related to issues and perhaps pending legislation. Indirect activities are performed by both our employees and trade associations of which we are a member.

Chevron works with policymakers to support well-designed policies. In the U.S., Chevron engages with executive and legislative branches of federal, state and local governments to provide perspective on energy issues affecting the United States and the world. Chevron strives to maintain positive, constructive relationships with policymakers and their staffs. Our engagements share views on issues regarding the economy, regulations, energy security, foreign policy, research and energy development. Chevron often responds to requests for public comments on proposed regulations from U.S. agencies, including the Environmental Protection Agency and the Department of the Interior.

karen knutson

vice president and general manager, government affairs

My team and I are Chevron's advocates, telling the company's story to a very important audience: policymakers at the U.S. federal and state level, as well as talking to international governments in Washington, D.C. We want to share our expertise with policymakers while maintaining a deep awareness of the opportunities and impacts of legislation and regulation and a focus on supporting affordable, reliable and ever-cleaner energy.

I appreciate the desire of policymakers to engage industry to further our shared goals around energy security and energy transition. My team works in close concert with our Corporate Affairs teams around the world every day.

At the heart of what we do, our reputation and trustworthiness as a company are the most important elements of our advocacy work.

Lobbying and trade associations

6

trade association memberships

why we are members

Stakeholder Engagement and Issues Management (SEIM) is part of Chevron's Operational Excellence Management

System (OEMS). In support of SEIM, Chevron holds memberships in industry and other associations that provide expert perspectives on safety, business, technical and industry best practices and a broad range of issues facing policymakers and society.

Trade association memberships allow Chevron to identify emerging issues, test thinking and share perspectives on positions, work constructively with other companies, and participate in setting generally accepted industry practices and standards. We engage with trade associations to participate in the conversation on a broad range of issues relevant to the company's business, such as a reasonable regulatory environment and well-designed energy and climate policies.

Chevron works with trade associations to advocate for effective, responsible and nonpartisan standards, regulations and energy policies. Working with industry trade associations across a spectrum of policy and nonpolicy issues provides our company access to a range of perspectives.

While Chevron does not control, and may not always agree with, positions taken by trade associations of which it is a member, trade associations provide a unique venue for Chevron to engage other companies and industry experts. We rarely agree 100% with any trade association, but we believe our participation is important to the informed exchange of views on the issues.

We also think that the existence of differences on some issues does not necessarily eliminate the overall value of trade association membership. Chevron acknowledges that these differences can be challenging, so we endeavor to always be open in our engagements with shareholders and stakeholders about any such differences.

For example, in response to stockholder interest and at the Board's direction, we published the Climate Lobbying Report.

case study: working with API to elevate climate policy

Chevron supported the creation of a new Climate Committee at API and the development of API policy positions that support market-based approaches, innovation and support for the goals of the Paris Agreement.

Consistent with these policy positions, API is now supporting innovation-focused legislation, Advanced Research Projects Agency–Energy (ARPA-E) reauthorization and the expansion of the Regional Greenhouse Gas Initiative (RGGI) in the absence of national, economywide, market-based solutions.

organizations that write model legislation

Chevron holds memberships in organizations made up of state legislators and stakeholders advancing model policies and legislation. Over the last decade, Chevron has contributed to the American Legislative Exchange Council and the National Conference of State Legislatures. Both organizations conduct policy research and hold informationsharing forums among stakeholders. Membership in these organizations provides Chevron with the opportunity to share our perspectives with members and obtain valuable information on issues that are important to Chevron with a variety of stakeholders.

Lobbying and trade associations

7

alignment with trade associations

Chevron works with U.S. trade associations on a broad range of energy issues. See value drivers for key industry trade associations.

example of some of our key industry trade associations

american petroleum institute (API)

API represents all segments of the oil and gas industry.

Our value drivers are:

y API is a world-class, standard-setting organization that has developed more than 700 standards to enhance operational and environmental safety, efficiency and sustainability y They advocate to the public, Congress, the executive branch, state governments and the media y They foster partnerships to advance public policy

national association of manufacturers (NAM)

NAM is a powerful voice of the manufacturing community and a leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the U.S.

Our value drivers are:

y NAM is the largest manufacturing association in the U.S., representing manufacturers in all 50 states y They are a respected partner in achieving the expansion of manufacturing in the U.S. y They are a leader in innovation

western states petroleum association (WSPA)

WSPA represents companies in petroleum exploration, production, refining, transportation and marketing in Arizona, California, Nevada, Oregon and Washington.

Our value drivers are:

y WSPA is dedicated to ensuring that Americans have reliable access to petroleum and petroleum products through policies that are socially, economically and environmentally responsible y They work to disseminate accurate information on industry issues while providing a forum for the exchange of ideas

american fuel & petrochemical manufacturers (AFPM)

AFPM represents high-tech American manufacturers and midstream companies that enable the production and delivery of nearly all U.S. gasoline, diesel, jet fuel, home heating oil, critical petrochemicals and other refined products.

Our value drivers are:

y AFPM advocates for policies that enable an affordable and reliable supply of fuels to meet global demand y They lead policy efforts to support and expand the adoption of and provide forums for industrywide sharing on sustainability initiatives y They are a voice for industry safety programs and facilitate industrywide collaboration to advance safety and efficiency at manufacturing facilities

Lobbying and trade associations

8

political contributions

why we give

Chevron makes corporate political contributions in the U.S. and Australia when permitted by law. Our objective is to support state and local candidates, political parties, political committees and measures that are aligned with Chevron's business interests. This includes candidates and organizations that support:

responsible development of oil and natural

reasonable regulatory regimes

gas resources

economic development

free enterprise market-based good governance solutions

The Chevron Employees Political Action Committee (CEPAC) is also a forum for eligible employees, shareholders and retirees to voluntarily contribute to an employee-governed fund that supports the election of pro-energy candidates to Congress and to candidates in states where corporate contributions are prohibited (e.g., Texas).

The above mentioned factors are also considered before CEPAC makes any political contributions.

Lobbying and trade associations

9

governance

policies, oversight, processes and training

policies

Chevron has strict policies to help employees understand requirements for engaging with U.S. political officials.

For example, company policies specify that Chevron's vice president of Corporate Affairs is responsible for providing an effective political engagement program that complies with all laws and regulations and internal policies, including complete and timely lobbying registration and reporting.

Both lobbying and corporate political contributions are highly regulated internally by the Government Affairs team with rigorous oversight by Chevron's corporate compliance team and audit.

Chevron provides dedicated compliance staff, legal counsel and resources to ensure compliance with all relevant laws, regulations, and company policies related to corporate lobbying activities and political contributions.

In addition, Chevron has a robust risk assessment process to ensure business unit leadership identifies, analyzes and takes steps to mitigate the risks associated with their business unit's political engagements. The results of these assessments are then reported to Chevron leadership.

Chevron's Public Policy and Sustainability Committee is chartered to assist the Board of Directors in overseeing – among other things – political activities and providing appropriate attention and effective response to stockholder concerns regarding such activities. The committee annually reviews the policies, procedures and expenditures related to the Corporation's political contributions and lobbying to assess the value of these activities and ensure alignment with Chevron's positions and interests. At the time this review is conducted, the committee provides guidance on Chevron's political activities to the vice president of Corporate Affairs.

policy description

Engaging with U.S. public officials Provides an overview of processes and requirements when engaging U.S. public officials Government Affairs oversight Guides how Chevron engages public officials and provides oversight Political contributions Addresses what are political contributions, when political contributions will be made and the approval process when making contributions

oversight: direct and indirect lobbying

lobbying activities

Lobbying activities, in the United States and elsewhere, are highly regulated. Each jurisdiction sets forth regulations and establishes the policies and guidelines associated with reporting and disclosure. Chevron has an effective program to comply with all laws and regulations, including complete and timely lobbying registration and reporting. Prior to engaging in lobbying activities, employees must obtain guidance from Chevron's vice president and general manager of Government Affairs, Chevron's political law counsel and Chevron's political compliance team.

Lobbying and trade associations

10

lobby activity tracking and reporting process

Certain lobbying activities require periodic reporting. Chevron's Corporate Affairs centrally manages a process to gather and report lobbying activities which includes: officials contacted, matters lobbied, employee time, expenses, gifts and political contributions depending on the jurisdiction's requirements.

Key elements of the procedures are:

y Determination of lobbying registration and reporting requirements y Approvals from legal and Corporate Affairs in advance of registering as a U.S. lobbyist, or hiring a political consultant or lobbyist y Internal reporting of all U.S. lobbying activities y Procedures to report lobbying activities to U.S. federal, state and local jurisdictions in a timely manner All payments made to nonprofit organizations, such as a 501(c)(4) social welfare organization and 501(c)(6) trade association, who may use Chevron funds for lobbying purposes, must be planned and budgeted with management oversight. It is part of our internal policies to centralize these payments for proper reporting and oversight purposes.

View a list of 2022 association memberships that

identifies U.S.-based organizations that reported a percentage of the 2022 funding they received from Chevron as a lobbying expense. This list also includes a range of lobbying expenditures for each organization.

chevron uses an internal database to track required reporting for certain jurisdictions

trade association approval process

On an annual basis, senior Chevron staff review trade association memberships to consider value to the business. All associations in which a portion of funds are anticipated to be used for lobbying purposes go through a rigorous budgeting process. Where appropriate, senior Chevron staff will sit on trade association boards and advisory committees to directly engage the associations. The Board of Directors Public Policy and Sustainability Committee annually reviews Chevron's lobbying activities and budget, including trade association memberships, to assess value and alignment with Chevron's interests.

32%

in 2022, approximately 32% of our payments to U.S.-based trade associations were attributed towards non-deductible federal, state, local and grassroots lobbying as provided to Chevron by the organizations.

* This disclosure goes beyond what is required by the Lobbying Disclosure Act, therefore the amounts reported may exceed other legal disclosures made. A good-faith effort has been made to compile this information.

Lobbying and trade associations

11

oversight: political contributions

The two ways Chevron makes political contributions in the U.S. are through corporate contributions and Chevron employees political action committee (CEPAC).

y Chevron contributes to various organizations organized under sections 527, 501(c)4 and 501(c)6 of the U.S. Internal Revenue Code. Chevron has strict policies and internal approval processes to ensure that decision making and reporting on political contributions are centrally controlled and comply with all applicable laws. Under these policies, political contributions (monetary or nonmonetary) are centrally controlled and, regardless of the amount or country of the contribution, are planned, budgeted and endorsed by the executive committee and approve by internal and external legal counsel and Government Affairs. y Political contributions are proposed and budgeted by company Corporate Affairs representatives who work closely with business unit managers at all levels of the organization. These proposed contributions are routinely discussed with business unit managers at all levels of the organization to ensure alignment with company interests, adherence to compliance processes and preservation of corporate reputation.

post-budget endorsement: more oversight

After the budget is endorsed by the executive committee, all corporate political contributions require (1) legal approval and (2) vice president and general manager of Government Affairs approval and in some cases (3) the vice president of Corporate Affairs approval.

Global corporate political contributions in 2022 were

approximately $16.2 million. These contributions include support to candidates, organizations, political committees, independent expenditure committees and on local and state ballot measures. The majority of these organizations are organized under section 527 of the Internal Revenue Code, and a small portion of political contributions are made to 501(c)(4) and 501(c)(6) organizations. Chevron does not use corporate funds to make independent expenditures in direct support or opposition to a campaign; rather, Chevron contributes to independent expenditure committees providing support or opposition to a campaign.

Should this ever change, Chevron will disclose any direct independent expenditures on the website and as required by campaign finance law. y The political contributions budget is reported annually to the executive committee. All contributions and all Chevron employees adhere to strict internal review procedures, and no employee is reimbursed for making a political contribution. All corporate political contributions are made independent of executives' personal political preferences and in alignment with Chevron's business interests. y Yearly, the Board of Directors Public Policy and Sustainability Committee annually reviews Chevron's political contribution activities and budget. y In an effort to increase transparency, we also have included annual and semiannual lists of corporate political contributions, many of which are registered section 527 committees.

oversight: chevron employees political action committee (CEPAC)

y CEPAC is a forum for eligible employees, shareholders and stockholder retirees to voluntarily contribute to a fund that supports the election of pro-energy industry candidates to Congress and to candidates in states where corporate contributions are prohibited (e.g., Texas). Decisions about contributions to specific federal and state candidates are made by members of the employee-led CEPAC Board, with input from the company's federal relations staff in Washington, D.C., and field Corporate Affairs managers.

CEPAC contributed approximately $1 million in 2021–2022

election cycle to support candidates from both parties. By policy, CEPAC does not contribute to presidential candidates or national political parties.

we have disclosed our political contributions yearly for over a decade.

you can find the last five years of political contributions, both corporate and CEPAC, linked on our website.

Lobbying and trade associations

12

training

lobbying and political contributions

chevron provides a regularly scheduled training program for employees who might engage in lobbying activities, so employees understand and adhere to applicable U.S. federal, state, and local laws and regulations.

formal online training

As part of our oversight, employees receive robust web-based training on political compliance education. This training is mandatory and delivered to in-scope employees. The training tool is translated in several required languages.

formal in person training on lobbying and political contributions

y In addition, to online training, internal legal counsel and the political compliance team provides regularly scheduled training to all employees who might engage in lobbying activities, so they understand and adhere to applicable U.S. federal, state, and local laws and regulations; y In some jurisdictions like California, the state also requires lobbyists take training as part of their registration.

governance summary

We take a number of steps to promote transparency and accountability for our political involvement: y We have sound policies and processes y The executive committee yearly reviews and endorses corporate political contributions and central budget y The Public Policy and Sustainability Committee of our board receives and reviews the policies, procedures and expenditures for our political contributions and direct and indirect lobbying y We have a robust training and audit program and conduct regular reviews of our lobbying and related processes to ensure compliance with all applicable laws and Chevron policies y We report all jurisdictions where we lobby y We report a five-year history of corporate political and CEPAC contributions on the company's external websites y Upon written request by any stockholder, we provide a list of all political contributions y Contribution and lobbying data are available from a number of public sources

Lobbying and trade associations

13

transparency and disclosure

chevron is committed to transparency

trade associations

We list a five-year history of trade association memberships where a portion of dues are attributed towards lobbying, including a 2022 list that represents all trade associations using a portion of the dues towards lobbying. This list also includes a range of lobbying expenditures for each organization.

Chevron trade memberships y 2022: Chevron Trade Memberships y 2021: Chevron Trade Memberships y 2020: Chevron Trade Memberships y 2019: Chevron Trade Memberships

y 2018: Chevron Trade Memberships

political contributions

We have disclosed our political contributions yearly for over a decade. You can find the last five years of political contributions, both corporate and CEPAC, linked on our website.

Five-year history of corporate political contributions y 2022: Chevron Corporate Political Contributions y 2021: Chevron Corporate Political Contributions y 2020: Chevron Corporate Political Contributions y 2019: Chevron Corporate Political Contributions y 2018: Chevron Corporate Political Contributions

Five-year history of CEPAC contributions y 2021-2022: Chevron Employees PAC y 2019-2020: Chevron Employees PAC y 2017-2018: Chevron Employees PAC

2021-2022 CEPAC contributions FEC report filings

Click to view each report y September monthly report (2022) y February monthly report (2022) y December monthly report (2021) y November monthly report (2021) y September monthly report (2021) y February monthly report (2021)

y Year-end report (2022) y Post-General (2022) y Pre-General (2022) y October monthly report (2022)

y August monthly report (2022) y July monthly report (2022) y June monthly report (2022) y May monthly report (2022) y April monthly report (2022) y March monthly report (2022)

y Year-end report (2021)

y October monthly report (2021)

y August monthly report (2021) y July monthly report (2021) y June monthly report (2021) y May monthly report (2021) y April monthly report (2021) y March monthly report (2021)

Historical CEPAC contributions

y A link to the Federal Election Commission website, which contains current and previous years' CEPAC contributions reports.

Federal Election Commission (Search: Chevron)

lobbying reporting

For all jurisdictions where we are registered to lobby, we disclose and link to websites where you can find our reports. y A link to the federal lobbying disclosure website and instructions for accessing Chevron's current and previous years' federal quarterly reports. These reports disclose total expenditures related to lobbying and issues lobbied.

Federal Lobbying Disclosure Report (Search Registrant

Name: Chevron) y A link to the federal lobbying contributions search website. This site contains the details of Chevron's current and previous years' contributions.

Federal Lobbying Contribution Report (Search

Organization Name: Chevron) y A link to the California Secretary of State Lobbying Activity website and instructions for accessing Chevron's current and previous year's quarterly lobbying reports.

California State Lobbying Report (Search Registrant

Name: Chevron) y Links to other states' lobbying activity websites and instructions for accessing the Company's state lobbying reports have been added to the website to provide greater access and transparency into Chevron's lobbying activities.

Note: Each state has a different definition for lobbying and the type of lobbying activities to be reported. For more information, click on the state or city of interest to understand more about its reporting requirements and to find Chevron's lobbying report.

Lobbying and trade associations

14

state reports

(search "Chevron" where needed)

Alabama (Search Principal's Quarterly Statement of Lobbying Activities, type Chevron as the Principal name, select Search) Arizona (Search Principal Name: Chevron) California (Search Organization Name: Chevron) Colorado (Organization Name Search: Chevron) Florida (Select View: By Principal: Click the letter "C" and scroll down) Illinois (Lobbying Entity Search: Renewable Energy Group) Iowa (Client: Renewable Energy Group) Louisiana (Search Company's Name: Chevron) Minnesota (Search Association: Renewable Energy Group) Mississippi (Client Name: Chevron) New York (Client: Renewable Energy Group) New Mexico (Search: Chevron) Oregon (Search Business Name: Chevron) Texas (Search by Client Name, then Entity Name: Chevron) Utah (Search Text: Chevron) Washington (Employer: Chevron)

Lobbying and trade associations

15

city reports

city of richmond, california

2022 - Q1 – Richmond 2022 - Q2 – Richmond 2022 - Q3 – Richmond 2022 - Q4 – Richmond

city of portland, oregon

2022 - Q1 – Portland 2022 - Q3 – Portland 2022 - Q2 – Portland 2022 - Q4 – Portland

Lobbying and trade associations

16

city reports

city of new york, new york

new york, new york

(search by Client & Lobbyist: Renewable Energy Group)

Lobbying and trade associations

17