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: Luquette Gary (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-10	Common Stock	M	20000	$36.7	Acquired	28720	Direct
2006-11-10	Common Stock	S	3600	$70	Disposed	25120	Direct
2006-11-10	Common Stock	S	10200	$70.25	Disposed	14920	Direct
2006-11-10	Common Stock	S	6200	$70.27	Disposed	8720	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-10	Non-Qualified Stock Option (Right to Buy)	$36.7	M	20000	Disposed	2013-06-25	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14275	Indirect

Footnotes

F1: This number includes dividend equivalent accruals (150 shares) from awards granted under the Chevron Long-Term Incentive Plan.

F2: Between April 4, 2006 and November 10, 2006, the reporting person acquired 406 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F3: One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.