CHEVRON CORP — Director's Dealing 2007

May 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2007-05-21

Reporting Person: KIRKLAND GEORGE L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-21	Common Stock	M	66000	$43.125	Acquired	80665	Direct
2007-05-21	Common Stock	S	2691	$83.36	Disposed	77974	Direct
2007-05-21	Common Stock	S	2271	$83.35	Disposed	75703	Direct
2007-05-21	Common Stock	S	800	$83.34	Disposed	74903	Direct
2007-05-21	Common Stock	S	200	$83.33	Disposed	74703	Direct
2007-05-21	Common Stock	S	6100	$83.32	Disposed	68603	Direct
2007-05-21	Common Stock	S	300	$83.31	Disposed	68303	Direct
2007-05-21	Common Stock	S	26097	$83.3	Disposed	42206	Direct
2007-05-21	Common Stock	S	14761	$83.29	Disposed	27445	Direct
2007-05-21	Common Stock	S	4503	$83.28	Disposed	22942	Direct
2007-05-21	Common Stock	S	700	$83.27	Disposed	22242	Direct
2007-05-21	Common Stock	S	500	$83.26	Disposed	21742	Direct
2007-05-21	Common Stock	S	7077	$83.23	Disposed	14665	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-21	Non-Qualified Stock Option (Right to Buy)	$43.125	M	66000	Disposed	2012-06-26	Common Stock (66000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29233	Indirect

Footnotes

F1: This number includes dividend equivalent accruals (212 shares) from awards granted under the Chevron Long-Term Incentive Plan.

F2: Between November 11, 2007 and May 21, 2007, the reporting person acquired 763 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

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: Options vested in three equal installments on June 26, 2003, June 26, 2004 and June 26, 2005.