CHEVRON CORP — Director's Dealing 2006

Aug 31, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2006-08-29

Reporting Person: NUNN SAMUEL A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-29	Phantom Stock	$0	I	216	Acquired		Common Stock (216)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units	$0		Common Stock (7567)	7567	Direct

Footnotes

F1: The shares of phantom stock were issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan and are payable in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service.

F2: 1-for-1

F3: This number includes the acquisition of 2,263 shares from both the September 10, 2004, 2-for-1 stock split of ChevronTexaco Common Stock, and the acquisition of dividend equivalent accruals since June 5, 2003.

F4: Phantom stock units were issued under a former plan for Texaco Directors and are payable in common stock upon the reporting person's termination of service. No new awards are issuable under the former plan and only dividend equivalent accruals are earned.

F5: This security was last reported on a Form 4 filed on April 2, 2003. This is being reported solely to update the number of phantom stock units held by the reporting person, which includes 4,168 shares from both the September 10, 2004, 2-for-1 stock split of Chevron common stock and the acquisition of dividend equivalent accruals since April 2, 2003.