Chevron said Chevron U.S.A. Inc. (CUSA) issued Floating Rate Notes Due 2075 in the aggregate principal amount of $154,204,000 on December 9, 2025.

8-KOther EventsFiled Dec 9, 2025Period of report Dec 9, 2025Summary published (UTC) Oct 12, 2026

Key points

AI summary

Chevron said Chevron U.S.A. Inc. (CUSA) issued Floating Rate Notes Due 2075 in the aggregate principal amount of $154,204,000 on December 9, 2025.
The company said the Notes mature on December 9, 2075 and bear interest at a floating rate equal to Compounded SOFR minus 45 basis points, with interest payable on March 9, June 9, September 9 and December 9 of each year starting on March 9, 2026.
Chevron said it fully and unconditionally guarantees the obligations under the Notes on an unsecured and unsubordinated basis, and that current outstanding and additional debt securities and other indebtedness of Chevron will be structurally subordinated to any indebtedness of CUSA, including the Notes.
The company said on December 4, 2025 CUSA and Chevron entered into an Underwriting Agreement with Morgan Stanley & Co. LLC and 4 other underwriters as representatives. The Notes were issued pursuant to an Indenture and Fifth Supplemental Indenture, with Deutsche Bank Trust Company Americas as trustee.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Chevron U.S.A. Inc. Issues Floating Rate Notes Due 2075

Chevron said Chevron U.S.A. Inc. (CUSA) issued Floating Rate Notes Due 2075 in the aggregate principal amount of $154,204,000 on December 9, 2025.

Source · Based on the filing body and exhibits

Floating Rate Terms and Interest Payment Dates

The company said the Notes mature on December 9, 2075 and bear interest at a floating rate equal to Compounded SOFR minus 45 basis points, with interest payable on March 9, June 9, September 9 and December 9 of each year starting on March 9, 2026.

Source · Based on the filing body and exhibits

Chevron's Guarantee and Debt Subordination

Chevron said it fully and unconditionally guarantees the obligations under the Notes on an unsecured and unsubordinated basis, and that current outstanding and additional debt securities and other indebtedness of Chevron will be structurally subordinated to any indebtedness of CUSA, including the Notes.

Source · Based on the filing body and exhibits

Underwriting Agreement and Offering Documents

The company said on December 4, 2025 CUSA and Chevron entered into an Underwriting Agreement with Morgan Stanley & Co. LLC and 4 other underwriters as representatives. The Notes were issued pursuant to an Indenture and Fifth Supplemental Indenture, with Deutsche Bank Trust Company Americas as trustee.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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