CHEVRON CORP — Director's Dealing 2005

Feb 10, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRONTEXACO CORP (CVX)
CIK: 0000093410
Period of Report: 2005-02-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-07	Common Stock	M	5600	$33.125	Acquired	30860	Direct
2005-02-07	Common Stock	S	5600	$56.2545	Disposed	25260	Direct
2005-02-07	Common Stock	M	11000	$40.4688	Acquired	36260	Direct
2005-02-07	Common Stock	S	11000	$56.25	Disposed	25260	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-07	Non-Qualified Stock Option (right to buy)	$33.125	M	5600	Disposed	2006-10-30	Common Stock (5600)	Direct
2005-02-07	Non-Qualified Stock Option (right to buy)	$40.4688	M	11000	Disposed	2007-10-29	Common Stock (11000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15313	Indirect

Footnotes

F1: This number includes the acquisition of 12,924 additional shares from both the September 10, 2004, 2-for-1 stock split of ChevronTexaco Common Stock and the acquisition (between 5/6/2004 and 2/7/2005) of dividend equivalent accruals under the ChevronTexaco Long Term Incentive Plan.

F2: This number includes the acquisition of 7,892 additional shares from both the September 10, 2004, 2-for-1 stock split of ChevronTexaco Common Stock and the acquisition (between 5/6/2004 and 2/7/2005) of ChevronTexaco Common Stock under the ChevronTexaco Employee Savings Investment Plan, a 401(k) plan.

F3: The option exercise price and number of shares are adjusted for the September 10, 2004, 2-for-1 stock split of ChevronTexaco Common Stock.

F4: This transaction is an exercise of a Non-Qualified Stock Option and the conversion price is reported in column 2.