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The Asia Pacific segment consists of operations in China, Malaysia, and Australia, and commercial operations in China, Singapore and Japan. During 2025, Asia Pacific contributed four percent of our consolidated liquids production and two percent of our consolidated natural gas production.

Item 7, MD&A, 10-K Feb 17, 2026open_in_new

• New wells online in the Lower 48, Canada, Australia, Norway, Alaska, Libya, China and Malaysia.

Item 7, MD&A, 10-K Feb 17, 2026open_in_new

Chevron Corporation is a global energy company with direct and indirect subsidiaries and affiliates that conduct substantial business activities in the following countries: Angola, Argentina, Australia, Bangladesh, Brazil, Canada, China, Egypt, Equatorial Guinea, Guyana, Israel, Kazakhstan, Malaysia, Nigeria, the Partitioned Zone between Saudi Arabia and Kuwait, the Philippines, Singapore, South Korea, Thailand, the United Kingdom, the United States and Venezuela.

Item 7, MD&A, 10-K Feb 24, 2026open_in_new

China Chevron has a 49 percent nonoperated working interest in the Chuandongbei project, including the Luojiazhai and Gunziping natural gas fields located onshore in the Sichuan Basin, with the PSC expiring in 2038. In the Pearl River Mouth Basin, the company previously held a 32.7 percent nonoperated working interest in Block 16/19, where production ceased in April 2025.

10-K, 10-K Feb 24, 2026open_in_new

Rig counts are compiled weekly for the U.S. and Canada and monthly for all international rigs. Published international rig counts do not include rigs drilling in certain locations, such as onshore China, because this information is not readily available.

Item 7, MD&A, 10-K Feb 5, 2026open_in_new

… administrative policy have led to significant increases in tariffs on goods imported into the U.S., particularly tariffs on products manufactured in Europe, Mexico and China. These tariffs, and additional proposed tariffs or other restrictive changes, have resulted, and may …

Item 1A, Risk Factors, 10-K Feb 5, 2026open_in_new

• political instability or armed conflict in natural gas and oil producing regions, including in connection with the continued armed conflict between Russia and Ukraine, instability in the Middle East and Venezuela, and changes in China-Taiwan relations;

Item 1A, Risk Factors, 10-K Feb 18, 2026open_in_new

… The armed conflict between Russia and Ukraine, continued instability in the Middle East and Venezuela, and changes in China-Taiwan relations and the occurrence or threat of terrorist attacks in the United States or other countries could adversely affect the …

Item 1A, Risk Factors, 10-K Feb 18, 2026open_in_new

… Started up a petrochemical complex in the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province, which is a significant step in growing our global manufacturing footprint and is the first 100 percent foreign-owned petrochemical complex built in China. The …

Item 7, MD&A, 10-K Feb 18, 2026open_in_new

Expenses - Higher advantaged project spend, including China Chemical Complex ramp-up, decreased earnings by $0.5 billion.

Item 7, MD&A, 10-K Feb 18, 2026open_in_new

• changes in trade relations and policies, such as (i) the imposition of new or increased tariffs or other trade protection measures by the U.S., China or other countries, (ii) environmental performance standards or similar fossil fuel import restrictions in certain international markets, (iii) economic sanctions, including embargoes, on Russia or other producing countries or (iv) restrictions on oil, gas and NGL exports by the U.S.; and

Item 1A, Risk Factors, 10-K Feb 18, 2026open_in_new

• the volatility of oil, gas and NGL prices, including from changes in trade relations and policies, such as the imposition of new or increased tariffs or other trade protection measures by the U.S., China or other countries;

10-K, 10-K Feb 18, 2026open_in_new