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: BETHANCOURT JOHN E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-03	Common Stock	S	4000	$61.92	Disposed	63600	Direct
2006-05-03	Common Stock	M	4085	$56.26	Acquired	67685	Direct
2006-05-03	Common Stock	M	7263	$56.26	Acquired	74948	Direct
2006-05-03	Common Stock	M	4461	$56.26	Acquired	79409	Direct
2006-05-03	Common Stock	M	20575	$56.26	Acquired	99984	Direct
2006-05-03	Common Stock	F	34199	$62.17	Disposed	65785	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-03	Non-Qualified Stock Option (Right to Buy)	$56.26	M	4085	Disposed	2007-07-01	Common Stock (4085)	Direct
2006-05-03	Non-Qualified Stock Option (Right to Buy)	$56.26	M	7263	Disposed	2008-06-26	Common Stock (7263)	Direct
2006-05-03	Non-Qualified Stock Option (Right to Buy)	$56.26	M	4461	Disposed	2010-06-23	Common Stock (4461)	Direct
2006-05-03	Non-Qualified Stock Option (Right to Buy)	$56.26	M	20575	Disposed	2011-06-22	Common Stock (20575)	Direct
2006-05-03	Non-Qualified Stock Option (Right to Buy)	$62.17	A	3840	Acquired	2007-07-01	Common Stock (3840)	Direct
2006-05-03	Non-Qualified Stock Option (Right to Buy)	$62.17	A	6827	Acquired	2008-06-26	Common Stock (6827)	Direct
2006-05-03	Non-Qualified Stock Option (Right to Buy)	$62.17	A	4193	Acquired	2010-06-23	Common Stock (4193)	Direct
2006-05-03	Non-Qualified Stock Option (Right to Buy)	$62.17	A	19339	Acquired	2011-06-22	Common Stock (19339)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30791	Indirect

Footnotes

F1: This number includes dividend equivalent accruals (153 shares) from awards granted under the Chevron Long-Term Incentive Plan.

F2: Between February 14, 2006 and May 2, 2006, the reporting person acquired 488 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.