CHEVRON CORP — Director's Dealing 2006

May 5, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2006-05-03

Reporting Person: ROBERTSON PETER J (Director, Vice Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-03	Common Stock	M	70000	$40.4688	Acquired	118973	Direct
2006-05-03	Common Stock	S	3200	$61.62	Disposed	115773	Direct
2006-05-03	Common Stock	S	900	$61.61	Disposed	114873	Direct
2006-05-03	Common Stock	S	10200	$61.6	Disposed	104673	Direct
2006-05-03	Common Stock	S	5300	$61.59	Disposed	99373	Direct
2006-05-03	Common Stock	S	10000	$61.58	Disposed	89373	Direct
2006-05-03	Common Stock	S	100	$61.57	Disposed	89273	Direct
2006-05-03	Common Stock	S	300	$61.56	Disposed	88973	Direct
2006-05-03	Common Stock	S	6100	$61.55	Disposed	82873	Direct
2006-05-03	Common Stock	S	1200	$61.53	Disposed	81673	Direct
2006-05-03	Common Stock	S	2300	$61.52	Disposed	79373	Direct
2006-05-03	Common Stock	S	5600	$61.51	Disposed	73773	Direct
2006-05-03	Common Stock	S	24800	$61.5	Disposed	48973	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-03	Non-Qualified Stock Option (Right to Buy)	$40.4688	M	70000	Disposed	2007-10-29	Common Stock (70000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	41922	Indirect

Footnotes

F1: This number includes 532 shares acquired from dividend equivalent accruals under the Chevron Long-Term Incentive Plan.

F2: Between November 4, 2005 and May 2, 2006, the reporting person acquired 959 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.