CHEVRON CORP — Director's Dealing 2007

Aug 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2007-08-28

Reporting Person: O REILLY DAVID J (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-10	Common Stock	G	429	—	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-28	Phantom Stock	$0	I	1969	Acquired		Common Stock (1969)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10000	Indirect
Common Stock	68702	Indirect

Footnotes

F1: "Bona fide gift" and involves no payment of consideration by the recipient of the gift.

F2: These shares were previously reported as directly beneficially owned but were contributed to a grantor retained annuity trust (GRAT) on August 16, 2007.

F3: Between May 15, 2007 and August 28, 2007, the reporting person acquired 487 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F4: The shares of phantom stock issued under the Chevron Deferred Compensation Plan for Management Employees become payable in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service.

F5: 1-for-1

F6: This number includes dividend equivalent accruals under the Chevron Deferred Compensation Plan for Management Employees.