Chevron Business Conduct Ethics Code

1 Business Conduct and Ethics codetable of contentsA message from Mike Wirth ..1 The Chevron Way ..2 About the Business Conduct and Ethics code ..3 Using the codeEthical decision makingOur role and responsibility ..4 AuthorityGuidanceComplianceReporting possible violationsNon-retaliation policyOur employees ..6We value diversity and inclusionWe provide equal opportunityEmployee compensation and tenureControlled substances and drugsAlcoholPreventing workplace violence and harassmentHuman rights ..9 What are human rights?Our commitmentYour responsibilityCompany records and internal controls.

2 10 Our shared responsibilityInternal controlsAuditsFraudAvoiding conflicts of interest ..12 Avoid accepting or giving gifts, fees, favors or other advantagesInsider trading is prohibitedAntibribery, international trade and antiboycott laws ..15 Bribery is always prohibitedComplying with international trade lawsUnderstanding antiboycott lawsGovernment affairs and political involvement ..17 Engaging in lobbying activities Providing gifts to public officials Making political contributions Engaging in political activities on our own Operational excellence.

3 19 Workforce safety and health, process safety, reliability and integrity, environment, efficiency, security and stakeholdersAntitrust/competition laws ..21 Agreements and contacts with competitorsRelationships with customers and suppliersConsequences of violationsData privacy ..23 Proper use of personal dataProtection of information and intellectual property ..25 Proper access and useHandling sensitive or proprietary informationRetaining or discarding company recordsRetrieving information for litigation purposesUsing computer systems and other technical resourcesUsing email and the internetUsing social mediaClosing note.

4 28a message from mike wirthThe Chevron Way is our touchstone for getting results the right way and establishes high standards for how we operate around the world. By adhering to our core Chevron Way values Diversity and Inclusion, High Performance, Integrity and Trust, Partnership, and Protect People and the Environment we ve earned a strong reputation among our stakeholders for conducting Business in a socially and environmentally responsible manner, and our actions distinguish Chevron in the eyes of our stakeholders. Each of us has a duty to uphold the company s standing among the millions of people in the communities we touch.

5 And our Business Conduct and Ethics code is designed to help us fulfill this obligation. The code explains Chevron policies designed to support full compliance with applicable laws. It also represents the practical ways we put our values to work every day, applying ethical principles to Business decisions that deliver results the right and responsible way. In a competitive global environment, we will sometimes encounter situations that will test our judgment and integrity. When these tests arise, we can use this code to answer the following questions before we act: Is this legal and in keeping with Company policy , including our Human Rights policy ?

6 Is this consistent with The Chevron Way? If this were made public, would I be comfortable?I encourage you to read, understand and commit to action that always follows the Chevron Business Conduct and Ethics code . Please refer to this code to answer questions you may have when faced with a legal, compliance or ethical issue; and never hesitate to reach out to your local compliance contact, Corporate Compliance, Legal or your supervisor should you need additional assistance. Thank you. Mike Wirth Chairman and Chief Executive OfficerChevron Business Conduct and Ethics Code1diversity and inclusionWe learn from and respect the cultures in which we operate.

7 We have an inclusive work environment that values the uniqueness and diversity of individual talents, experiences and performanceWe are passionate about delivering results and strive to continually improve. We hold ourselves accountable for our actions and outcomes. We apply proven processes in a fit-for-purpose manner and always look for innovative and agile and trustWe are honest with ourselves and others and honor our commitments. We trust, respect and support each other. We earn the trust of our colleagues and partners by operating with the highest ethical standards in all we build trusting and mutually beneficial relationships by collaborating with our communities, governments, customers, suppliers and other Business partners.

8 We are most successful when our partners succeed with people and the environmentWe place the highest priority on the health and safety of our workforce and protection of our assets, communities and the environment. We deliver world-class performance with a focus on preventing high-consequence company s foundation is built on our values, which distinguish us and guide our actions to deliver results. We Conduct our Business in a socially and environmentally responsible manner, respecting the law and universal human rights to benefit the communities where we Chevron waygetting results the right wayThe Chevron Way explains who we are, what we believe, how we achieve and where we aspire to go.

9 It establishes a common understanding not only for us, but for all who interact with Business Conduct and Ethics Code2 Chevron Business Conduct and Ethics Code2about the Business Conduct and Ethics codethe code helps us understand how Chevron s values are put into practice every dayChevron s Business Conduct and Ethics code is built on our core values and highlights the principles that guide our Business Conduct . It provides questions and answers for situations that you might encounter on the job and lists resources for help or further , the code cannot address every possible workplace situation or list all of Chevron s corporate policies and procedures.

10 Use it for guidance about our ethical standards and where to take your questions or each of us follows the code , we communicate our commitment to the values that have made Chevron admired both as a Business partner and as a valued citizen of the global community. It is important to note, however, that violations of the code , or the policies referred to in the code , could result in discipline, including termination of employment or criminal prosecution or the code Read through the entire code . Think about how the code applies to your job, and consider how you might handle situations to avoid improper, illegal or unethical actions.