CHEVRON CORP — Director's Dealing 2004

Jun 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRONTEXACO CORP (CVX)
CIK: 0000093410
Period of Report: 2004-06-01

Reporting Person: BETHANCOURT JOHN E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-01	Common Stock	M	1543	$90.015	Acquired	28718	Direct
2004-06-01	Common Stock	S	1543	$91.3868	Disposed	27175	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-06-01	Non-Qualified Stock Option (right to buy)	$90.015	M	1543	Disposed	2004-06-24	Common Stock (1543)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14031	Indirect

Footnotes

F1: This number includes dividend equivalent accruals under the ChevronTexaco Deferred Compensation Plan for Management Employees.

F2: Between July 1, 2003 and May 28, 2004, the reporting person acquired 654 shares of ChevronTexaco Corporation common stock under the ChevronTexaco Employee Savings Investment Plan, a 401(k) plan.

F3: This transaction is an exercise of a Non-Qualified Stock Option and the conversion price is reported in Column 2.