CHEVRON CORP — Director's Dealing 2006

Aug 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2006-08-02

Reporting Person: KIRKLAND GEORGE L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-02	Common Stock	M	49000	$44.9375	Acquired	63332	Direct
2006-08-02	Common Stock	M	49000	$40.75	Acquired	112332	Direct
2006-08-02	Common Stock	S	98000	$66.50	Disposed	14332	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-02	Non-Qualified Stock Option (Right to Buy)	$44.9375	M	49000	Disposed	2009-10-27	Common Stock (49000)	Direct
2006-08-02	Non-Qualified Stock Option (Right to Buy)	$40.75	M	49000	Disposed	2010-10-25	Common Stock (49000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28232	Indirect

Footnotes

F1: This number includes the acquisition of 450 shares of Chevron Corporation common stock from the dividend equivalent accruals from awards granted under the Chevron Long-Term Incentive Plan.

F2: Between 8/23/2005 and 8/2/2006, the reporting person acquired 1,292 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 have been adjusted for the September 10, 2004, 2-for-1 stock split of Chevron Corporation common stock.

F4: This transaction is an exercise of a non-qualified stock option and the conversion price is reported in column 2.