CHEVRON CORP — Director's Dealing 2004

Aug 11, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRONTEXACO CORP (CVX)
CIK: 0000093410
Period of Report: 2004-08-09

Reporting Person: O REILLY DAVID J (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-09	Common Stock	M	24300	$48.375	Acquired	36797	Direct
2004-08-09	Common Stock	S	24300	$94.9784	Disposed	12497	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-09	Employee Stock Option (right to buy)	$48.375	M	24300	Disposed	2005-06-28	Common Stock (24300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30491	Indirect

Footnotes

F1: Between May 31, 2003 and August 6, 2004, the reporting person acquired 1,626 shares of ChevronTexaco Corporation common stock under the ChevronTexaco Employee Savings Investment Plan, a 401(k) plan.

F2: This transaction is an exercise of an Employee Stock Option and the conversion price is reported in Column 2.