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: CROWE STEPHEN J (Vice Pres. and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-03	Common Stock	M	26000	$40.4688	Acquired	30892	Direct
2006-05-03	Common Stock	M	24200	$39.5625	Acquired	55092	Direct
2006-05-03	Common Stock	S	12500	$61.88	Disposed	42592	Direct
2006-05-03	Common Stock	S	4000	$61.85	Disposed	38592	Direct
2006-05-03	Common Stock	S	9500	$61.74	Disposed	29092	Direct
2006-05-03	Common Stock	S	15500	$61.74	Disposed	13592	Direct
2006-05-03	Common Stock	S	8700	$61.7	Disposed	4892	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	26000	Disposed	2007-10-29	Common Stock (26000)	Direct
2006-05-03	Non-Qualified Stock Option (Right to Buy)	$39.5625	M	24200	Disposed	2008-10-27	Common Stock (24200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	38490	Indirect

Footnotes

F1: Between November 9, 2004 and May 2, 2006, the reporting person acquired 2,218 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F2: 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.