PSG has now claimed the prestigious cup on fourteen different occasions.
The Parisian giants needed a dramatic leveler followed by a successful spot-kick decider to overcome Marseille in Kuwait and secure a fourth straight French Super Cup victory.
The European champions appeared to be coasting towards a comfortable win in the match between the Ligue 1 champions and the French Cup winners after Ousmane Dembele found the scoring in the opening stages.
However, the southern French side fired two times late to seize a shock lead. Initially, the English forward scored from the spot-kick, before Willian Pacho inadvertently turned the ball into his own net for an own goal.
In a breathtaking twist of fortune, Goncalo Ramos grabbed a crucial equaliser in the dying seconds to force the match into a deciding shootout. The Parisian shot-stopper Chevalier then stood as the key figure, stopping crucial attempts from O'Riley and Hamed Traore.
In the shootout, Ramos, the midfielder, the full-back, and the young talent all scored successfully for Paris Saint-Germain to complete a 4-1 penalty victory.
Now 14-time winners Paris Saint-Germain, who met last season's Ligue 1 second-placed team Olympique de Marseille after achieving a league and cup double, have now lifted this competition for the 12th time in the past 13 years.