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: Humphrey Mark A (Vice Pres. and Comptroller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-03	Common Stock	M	9000	$40.4688	Acquired	9000	Direct
2006-05-03	Common Stock	S	9000	$62.25	Disposed	0	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	9000	Disposed	2007-10-29	Common Stock (9000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21730	Indirect

Footnotes

F1: Between August 13, 2005 and May 2, 2006, the reporting person acquired 669 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.