Original filing text · Part I

Item 3 — Quantitative and Qualitative Disclosures About Market Risk

Chevron Corp · 10-Q · Q2 FY2026 · Period ended Jun 30, 2026

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Chevron is exposed to market risks described in Management’s Discussion and Analysis of Financial Condition and Results of Operations - Financial and Derivative Instrument Market Risk in Chevron’s 2025 Annual Report on Form 10-K. Information about volatility in commodity prices associated with the ongoing conflict in the Middle East and its impact is discussed in Note 14. Financial and Derivative Instruments.