CHEVRON CORP — Director's Dealing 2006

Nov 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2006-11-10

Reporting Person: KIRKLAND GEORGE L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-10	Common Stock	M	66000	$44.275	Acquired	80453	Direct
2006-11-10	Common Stock	S	54100	$70	Disposed	26353	Direct
2006-11-10	Common Stock	S	7500	$70.25	Disposed	18853	Direct
2006-11-10	Common Stock	S	4400	$70.27	Disposed	14453	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-10	Non-Qualified Stock Option (Right to Buy)	$44.275	M	66000	Disposed	2011-10-31	Common Stock (66000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28470	Indirect

Footnotes

F1: This number includes dividend equivalent accruals (121 shares) from awards granted under the Chevron Long-Term Incentive Plan.

F2: Between August 3, 2006 and November 10, 2006, the reporting person acquired 238 shares of Chevron Corporation common stock under the Chevron 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 Chevron Corporation common stock.