Exhibit 5.1
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August 12, 2020
Chevron U.S.A., Inc.
6001 Bollinger Canyon Road
San Ramon, CA 94583
Ladies and Gentlemen:
We have acted as counsel to Chevron U.S.A. Inc., a Pennsylvania corporation (the “Company”), a wholly-owned subsidiary of Chevron Corporation (the “Parent”), in connection with the issuance by the Company of $400,000,000 aggregate principal amount of 0.333% Fixed Rate Notes due 2022, $350,000,000 aggregate principal amount of Floating Rate Notes due 2022, $500,000,000 aggregate principal amount of 0.426% Fixed Rate Notes due 2023, $500,000,000 aggregate principal amount of Floating Rate Notes due 2023, $750,000,000 aggregate principal amount of 0.687% Fixed Rate Notes due 2025, $750,000,000 aggregate principal amount of 1.018% Fixed Rate Notes due 2027, and $750,000,000 aggregate principal amount of 2.343% Fixed Rate Notes due 2050 (collectively, the “Notes”), issued under an Indenture, dated as of the date hereof (the “Indenture”), as supplemented by the First Supplemental Indenture dated as of the date hereof, among the Company as issuer, the Parent as guarantor, and Deutsche Bank Trust Company Americas as trustee (the “Trustee”).
We have participated in the preparation of, or reviewed (1) the Registration Statement on Form S-3 (Registration Statement Nos. 333-242506 and 333-242506-01) (the “Registration Statement”), which Registration Statement was filed jointly by the Company and Parent with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Act”), on August 10, 2020; (2) the prospectus dated August 7, 2020 (the “Base Prospectus”), forming a part of the Registration Statement, as supplemented by a final prospectus supplement dated August 10, 2020 (the “Prospectus Supplement”) relating to the Notes, both such Base Prospectus and Prospectus Supplement filed pursuant to Rule 424(b) under the Act; (3) the Indenture; (4) the Amended and Restated Articles of Incorporation of the Company; (5) the Bylaws of the Company (amended and restated effective July 1, 2020); and (6) such other corporate records, certificates and other documents (including a receipt executed on behalf of the Company acknowledging receipt of the purchase price for the Notes) and such questions of law as we have deemed necessary or appropriate for purposes of the opinion set forth herein.
Based on the foregoing, we are of the opinion that the Notes are valid and binding obligations of the Company, except as may be limited or affected by bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and other similar laws affecting creditors’ rights and remedies generally and general principles of equity.
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Morgan, Lewis & BockiusLLP |
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