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: JAMES CHARLES A (Vice Pres. and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-07	Common Stock	M	60000	$36.7	Acquired	65620	Direct
2007-05-07	Common Stock	S	100	$79.49	Disposed	65520	Direct
2007-05-07	Common Stock	S	13200	$79.48	Disposed	52320	Direct
2007-05-07	Common Stock	S	100	$79.475	Disposed	52220	Direct
2007-05-07	Common Stock	S	36400	$79.47	Disposed	15820	Direct
2007-05-07	Common Stock	S	10200	$79.46	Disposed	5620	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-07	Non-Qualified Stock Option (Right to Buy)	$36.7	M	60000	Disposed	2013-06-25	Common Stock (60000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1789	Indirect

Footnotes

F1: Between December 3, 2005 and May 7, 2007, the reporting person acquired 618 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F2: The option exercise price and number of shares are adjusted for the September 10, 2004, 2-for-1 stock split of Chevron Common Stock.

F3: Options vested in three equal installments on June 25, 2004, June 25, 2005 and June 25, 2006