CHEVRON CORP — Director's Dealing 2003

Aug 26, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRONTEXACO CORP (CVX)
CIK: 0000093410
Period of Report: 2003-08-26

Reporting Person: WATSON JOHN S (Vice Pres. and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-26	Common Stock	M	3800	$42.375	Acquired	15800	Direct
2003-08-26	Common Stock	S	3800	$72.5181	Disposed	12000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-26	Non-Qualified Stock Option (right to buy)	$42.375	M	3800	Disposed	2004-06-29	Common Stock (3800)	Direct