Chevron Hess Hourly Payroll Transition Guide — page 1

Legacy Hess │Salaried Payroll Transition Guide │1

pay schedule

exempt employees

salaried non-exempt employees

reference this guide if …

You will be an

Exempt employee

on January 1, 2026.

This means you will be paid on a salary basis, semi-monthly schedule and

will not

eligible for overtime.

You will be a

Salaried Non-Exempt employee

on January 1, 2026.

This means you will be paid on a salaried basis, semi-monthly schedule and

will be

eligible for overtime.

Exempt

and

non-exempt

are terms often used at Chevron with respect to payroll and

time coding topics and are a reference to pay classifications identified in labor laws.

your pay schedule will change

Effective January 1, 2026, your pay schedule will change to mirror Chevron’s pay schedule,

which is

different

from your current pay schedule.

This guide covers what you need to

know and do to prepare.

you’ll be paid on the 7th and 22nd of each month*

•

Chevron’s pay cycle is

semi-monthly

. Your current Hess pay cycle is bi-weekly.

•

There are

24 pay periods

per year with this pay cycle arrangement.

•

Your annual salary will be divided by 24 pay periods instead of 26. This will generally

result in a larger salary installment amount in each paycheck.

reporting your time

You’ll learn more about time reporting separately, including opportunities to attend training sessions

and office hours. Watch for more information in November.

* When a regular payday falls on a Saturday or Sunday, or on a Monday that is a company-recognized holiday, payday is the preceding

Friday. When a regular payday falls on a Tuesday through Friday that is a company-recognized holiday, payday is the preceding

calendar day.

Chevron Hess Hourly Payroll Transition Guide — page 2

Legacy Hess │Salaried Payroll Transition Guide │2

important!

why this change matters

The timing of your paychecks in January 2026 will adjust to accommodate the

initial

shift

from Hess to Chevron pay dates.

You should budget ahead for both the transition period and

the ongoing new pay dates. Don’t forget to review automatic deductions that are taken from

your bank account — such as utilities, mortgage, insurance, or credit cards — and make

adjustments, if necessary, to align with your new pay dates.

your tax elections

do not

transition to chevron

Your tax elections (Federal Form W-4 and any state equivalent withholding certificates)

will not

be converted from the Hess payroll system (UKG) to Chevron’s payroll system (Workday).

You must take action to enter your tax elections in Workday!

To ensure your tax elections are updated for your

first

Chevron paycheck, you must enter them

in Workday between January 1, 2026 and January 15, 2026.

If you don’t complete this action,

your federal and state withholding will follow the applicable default rules until you update

your elections in Workday.

review payment elections

Your payment elections, such as direct deposit, will be converted and transitioned from

UKG to Workday, but they should be reviewed.

Starting January 1, 2026, review your

converted payment elections for accuracy and update or enter new elections in Workday.

watch for instructions in january

You will receive a link to Workday and instructions for using the system via email on

January 1.

Please note you must access Workday from the Chevron intranet.

continued next page …

Chevron Hess Hourly Payroll Transition Guide — page 3

Legacy Hess │Salaried Payroll Transition Guide │3

pay details during the transition

december 26, 2025

paycheck for december 8 – december 21 pay period dates

•

This is your regularly scheduled paycheck from the Hess payroll system. It is the last

full

installment

(pay

period 26 of 26) for your 2025 annual salary and is based on your Hess rate of pay.

•

Overtime

for salaried non-exempt employees (if any) occurring December 8 – December 21 will be included

and is based on your Hess rate of pay.

health & protection benefit deductions

•

Final payroll contributions for your Hess health and protection benefits will be taken as applicable.

•

If enrolled,

December 16

is the last day to change your

Health Savings Account (HSA)

payroll contribution

with Empyrean.

401(k) deductions

December 18

at 3 p.m. Central time is the deadline to change your employee contribution percentage with

Fidelity

to be effective with this paycheck.

The following will be applied to your

Hess Employee Savings Plan (Hess Savings Plan) account

and will apply to

your

2025

plan year IRS limits.

•

Hess Savings Plan

employee payroll contribution deduction.

•

Hess Savings Plan

company matching contribution.

•

Loan payment deductions

, if any.

january 8, 2026

paycheck for december 22 – december 31 pay period dates

•

This will be your

final paycheck

from the Hess payroll system.

•

This is your regularly scheduled paycheck, but

it will be prorated

for the pay period of December 22 –

December 31. This is pay period 1 of 24 for 2026 and is based on your Hess rate of pay.

•

Overtime

for salaried non-exempt employees (if any) occurring December 22 – December 31 will be included

and is based on your Hess rate of pay.

health & protection benefit deductions

•

No deductions.

401(k) deductions

Due to 401(k) transition activities, employee contributions and any company matching contributions will follow

the

rules

of the Hess Savings Plan but will be

deposited

into the

Chevron 401(k) plan

–

Employee Savings

Investment Plan (ESIP).

•

Hess Savings Plan

employee contribution deduction.

•

Hess Savings Plan

company matching contribution.

•

loan payment deduction

, if any. Loan payments will be re-amortized and will resume in late January or

early February 2026.

•

These deductions will apply to your 2026 plan year IRS limits.

Include this pay period in your planning for

2026 401(k) contributions to ensure you don’t exceed the 2026 IRS contribution limits.

Chevron Hess Hourly Payroll Transition Guide — page 4

Legacy Hess │Salaried Payroll Transition Guide │4

january 22, 2026

paycheck for january 1 – january 15 pay period dates

•

This will be your first paycheck from the Chevron payroll system,

Workday

, on Chevron’s semi-monthly

pay cycle timing.

•

This will be the first

full installment

of your 2026 Chevron annual salary, as indicated in your notification

letter. (This is pay period 2 of 24 for 2026.)

•

This paycheck includes applicable

vacation

holidays

other time off

not previously paid to you, if

requested in Workday

and

taken January 1 – January 15, 2026.

•

Overtime

for salaried non-exempt employees (if any) occurring January 1 – January 15 will be paid based

on your Chevron rate of pay.

health & protection benefit deductions

•

Payroll contributions for your Chevron health and protection benefits will be taken from this paycheck, including

flexible spending accounts or the health savings account, as applicable.

•

Enrollment elections on the BenefitConnect website between December 8 and December 19, 2025, are used

to determine your contributions.

401(k) deductions

The following will be applied to your

Chevron ESIP account.

•

Chevron ESIP

employee payroll contribution deduction.

•

Chevron ESIP

company matching contribution.

•

Loan payments

, if any, will likely not be deducted. Loans will be re-amortized and payments are

expected to resume in late January or early February 2026.

•

These deductions apply to your 2026 plan year IRS contribution limits.

The transition to Chevron’s semi-monthly pay schedule is now complete.

Your next regularly scheduled paycheck will be February 6.

Chevron Hess Hourly Payroll Transition Guide

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