CHEVRON CORP | 2013 | FY | 3


A summary of option activity during 2013 is presented below:
 
 
 
 
 
 
 
 
 
 
 
Weighted-

 
Average
 
 
 
 
 
Average

 
Remaining
 
Aggregate

 
Shares

 
Exercise

 
Contractual
 
Intrinsic

 
(Thousands)

 
Price

 
Term (Years)
 
Value

Outstanding at
January 1, 2013
71,895

 
$
81.26

 

 

Granted
13,194

 
$
116.45

 

 

Exercised
(8,377
)
 
$
68.20

 

 

Forfeited
(1,086
)
 
$
93.98

 

 

Outstanding at
December 31, 2013
75,626

 
$
88.44

 
6.12
 
$
2,758

Exercisable at
December 31, 2013
51,797

 
$
78.52

 
5.05
 
$
2,403


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