CHEVRON CORP — Director's Dealing 2004

Sep 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRONTEXACO CORP (CVX)
CIK: 0000093410
Period of Report: 2004-08-31

Reporting Person: DENHAM ROBERT E (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-31	Phantom Stock	$	I	128	Acquired		Common Stock (128)	Direct

Footnotes

F1: The shares of phantom stock awarded under the ChevronTexaco Non-Employee Directors' Equity Compensation and Deferral Plan become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service.

F2: 1-for-1

F3: This number includes dividend equivalent accruals under the ChevronTexaco Non-Employee Directors' Equity Compensation and Deferral Plan.