CHEVRON CORP — Director's Dealing 2004

Aug 30, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRONTEXACO CORP (CVX)
CIK: 0000093410
Period of Report: 2004-08-26

Reporting Person: LAIDLAW WILLIAM S (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-26	Common Stock	M	11000	$73.40	Acquired	21000	Direct
2004-08-26	Common Stock	S	11000	$94.00	Disposed	10000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-26	Employee Stock Option (right to buy)	$73.40	M	11000	Disposed	2013-06-25	Common Stock (11000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	368	Indirect

Footnotes

F1: Through August 25, 2004, the reporting person acquired 368 shares of ChevronTexaco common stock under the ChevronTexaco Employee Savings Investment Plan, a 401(k) plan.

F2: The option becomes exercisable in three equal annual installments beginning on June 25, 2004.

F3: This transaction is an exercise of an Employee Stock Option and the conversion price is reported in column 2.