CHEVRON CORP — Director's Dealing 2006

Aug 24, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2006-08-22

Reporting Person: BETHANCOURT JOHN E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-22	Common Stock	M	1036	$57.195	Acquired	64739	Direct
2006-08-22	Common Stock	M	13077	$57.195	Acquired	77816	Direct
2006-08-22	Common Stock	M	1741	$62.57	Acquired	79557	Direct
2006-08-22	Common Stock	M	1067	$62.57	Acquired	80624	Direct
2006-08-22	Common Stock	F	15707	$67.14	Disposed	64917	Direct
2006-08-24	Common Stock	G	1500	—	Disposed	63417	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-22	Non-Qualified Stock Option (Right to Buy)	$57.195	M	1036	Disposed	2009-06-25	Common Stock (1036)	Direct
2006-08-22	Non-Qualified Stock Option (Right to Buy)	$57.195	M	13077	Disposed	2010-06-23	Common Stock (13077)	Direct
2006-08-22	Non-Qualified Stock Option (Right to Buy)	$62.57	M	1741	Disposed	2007-07-01	Common Stock (1741)	Direct
2006-08-22	Non-Qualified Stock Option (Right to Buy)	$62.57	M	1067	Disposed	2009-06-25	Common Stock (1067)	Direct
2006-08-22	Non-Qualified Stock Option (Right to Buy)	$67.14	A	1983	Acquired	2009-06-25	Common Stock (1983)	Direct
2006-08-22	Non-Qualified Stock Option (Right to Buy)	$67.14	A	12046	Acquired	2010-06-23	Common Stock (12046)	Direct
2006-08-22	Non-Qualified Stock Option (Right to Buy)	$67.14	A	1678	Acquired	2007-07-01	Common Stock (1678)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	31155	Indirect

Footnotes

F1: "Bona fide gift" and involves no payment of consideration by the recipient of the gift.

F2: This transaction is an exercise of a Non-Qualified Stock Option and the conversion price is reported in Column 2.