Chevron said its indirect wholly owned subsidiary, Chevron U.S.A. Inc. (CUSA), issued 7 series of notes maturing in 2027, 2028, 2030, 2032 and 2035, with the issue dated February 26, 2025.

1. 01

   Chevron said its indirect wholly owned subsidiary, Chevron U.S.A. Inc. (CUSA), issued 7 series of notes maturing in 2027, 2028, 2030, 2032 and 2035, with the issue dated February 26, 2025.

2. 02

   The company said CUSA's 2027 notes with a 4.405% fixed rate and floating rate notes had principal of $750,000,000 each, its 2028 notes with a 4.475% fixed rate had principal of $1,000,000,000, and its floating rate notes had principal of $500,000,000. The 2030 notes with a 4.687% rate are $1,100,000,000, the 2032 notes with a 4.819% rate are $650,000,000, and the 2035 notes with a 4.980% rate are $750,000,000.

3. 03

   Chevron said the notes are fully and unconditionally guaranteed by the company on an unsecured and unsubordinated basis. It said the 2027 floating rate notes bear interest at Compounded SOFR plus 0.36%, and the 2028 floating rate notes bear interest at Compounded SOFR plus 0.47%.

4. 04

   Chevron said the 2027 notes mature on February 26, 2027, the 2028 notes mature on February 26, 2028, and the 2030, 2032 and 2035 notes each mature in April 15. CUSA has the right to redeem the fixed rate notes before maturity, but the floating rate notes cannot be redeemed before maturity.

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