CHEVRON CORP — Director's Dealing 2007

May 10, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2007-05-07

Reporting Person: BETHANCOURT JOHN E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-07	Common Stock	M	3627	$69.35	Acquired	67334	Direct
2007-05-07	Common Stock	M	954	$67.14	Acquired	68288	Direct
2007-05-07	Common Stock	M	19061	$62.57	Acquired	87349	Direct
2007-05-07	Common Stock	M	7437	$62.57	Acquired	94786	Direct
2007-05-07	Common Stock	M	1029	$67.14	Acquired	95815	Direct
2007-05-07	Common Stock	M	7245	$67.14	Acquired	103060	Direct
2007-05-07	Common Stock	S	3627	$78.9112	Disposed	99433	Direct
2007-05-07	Common Stock	F	31648	$79.5750	Disposed	67785	Direct
2007-05-07	Common Stock	G	2366	—	Disposed	65419	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$69.35	M	3627	Disposed	2007-07-01	Common Stock (3627)	Direct
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$67.14	M	954	Disposed	2009-06-25	Common Stock (954)	Direct
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$67.14	M	1029	Disposed	2009-06-25	Common Stock (1029)	Direct
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$62.57	M	19061	Disposed	2011-06-22	Common Stock (19061)	Direct
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$62.57	M	7437	Disposed	2010-06-23	Common Stock (7437)	Direct
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$67.14	M	7245	Disposed	2010-06-23	Common Stock (7245)	Direct
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$79.575	A	875	Acquired	2009-06-25	Common Stock (875)	Direct
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$79.575	A	16594	Acquired	2011-06-22	Common Stock (16594)	Direct
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$79.575	A	6591	Acquired	2010-06-23	Common Stock (6591)	Direct
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$79.575	A	945	Acquired	2009-06-25	Common Stock (945)	Direct
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$79.575	A	6643	Acquired	2010-06-23	Common Stock (6643)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32249	Indirect

Footnotes

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

F2: Between May 3, 2007 and May 7, 2007, the reporting person acquired 26 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.