$CVX · Chevron Corporation

Chevron Corporation filed a Form SD specialized disclosure report under Rule 13q-1 covering the fiscal year ended December 31, 2025. The filing provides information on payments made by Chevron and its consolidated subsidiaries to the U.S. federal government or foreign governments for the commercial development of oil, natural gas, or minerals. Payments are reported on a cash basis in U.S. dollars, with foreign currency payments converted at the exchange rate in effect when the payment was made. Taxes are shown net of refunds and include property taxes directly associated with producing or exploration properties, as well as withholding taxes on extractive income. The report also includes amounts paid by a government on Chevron’s behalf under tax-paid production sharing contracts.

Production entitlement is reported as a government’s share of production under a production sharing contract or a state-owned company’s working interest share within its home country, net of cash funding for capital and operating expenditures. These entitlements are valued at contractual or fair value. For fully integrated projects where extractive and non-extractive payments cannot be separated, payments to governments are disclosed for the entire project. The filing notes that amounts may differ from Chevron’s other financial reports because of the specific scope required by the Resource Extraction Payment Rules. The detailed payment disclosure is included in Exhibit 99.1, and the report was signed by Chief Financial Officer Eimear P. Bonner on September 23, 2026.