CHEVRON CORP — Director's Dealing 2006

Feb 15, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2006-02-13

Reporting Person: BETHANCOURT JOHN E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-13	Common Stock	M	14372	$48.815	Acquired	80419	Direct
2006-02-13	Common Stock	M	1141	$48.815	Acquired	81560	Direct
2006-02-13	Common Stock	F	14113	$57.195	Disposed	67447	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-13	Non-Qualified Stock Option (Right to Buy)	$48.815	M	14372	Disposed	2010-06-23	Common Stock (14372)	Direct
2006-02-13	Non-Qualified Stock Option (Right to Buy)	$48.815	M	1141	Disposed	2009-06-25	Common Stock (1141)	Direct
2006-02-13	Non-Qualified Stock Option (Right to Buy)	$57.195	A	13077	Acquired	2010-06-23	Common Stock (13077)	Direct
2006-02-13	Non-Qualified Stock Option (Right to Buy)	$57.195	A	1036	Acquired	2009-06-25	Common Stock (1036)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30303	Indirect

Footnotes

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

F2: Between August 12, 2005 and February 13, 2006, the reporting person acquired 601 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan. Also, the reporting person no longer has a reportable beneficial interest in 1,310 shares of Chevron Corporation common stock owned by children which was included in a prior report.

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.

F4: This transaction is an exercise of a Non-Qualified Stock Option and the conversion price is reported in Column 2.