CHEVRON CORP — Director's Dealing 2007

May 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2007-05-04

Reporting Person: ROBERTSON PETER J (Director, Vice Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-04	Common Stock	M	66000	$44.9375	Acquired	115621	Direct
2007-05-04	Common Stock	M	66000	$40.75	Acquired	181621	Direct
2007-05-04	Common Stock	S	35800	$80.05	Disposed	145821	Direct
2007-05-04	Common Stock	S	5600	$80.04	Disposed	140221	Direct
2007-05-04	Common Stock	S	1900	$80.03	Disposed	138321	Direct
2007-05-04	Common Stock	S	4100	$80.02	Disposed	134221	Direct
2007-05-04	Common Stock	S	3900	$80.01	Disposed	130321	Direct
2007-05-04	Common Stock	S	14700	$80	Disposed	115621	Direct
2007-05-04	Common Stock	S	66000	$80	Disposed	49621	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-04	Non-Qualified Stock Option (Right to Buy)	$44.9375	M	66000	Disposed	2009-10-27	Common Stock (66000)	Direct
2007-05-04	Non-Qualified Stock Option (Right to Buy)	$40.75	M	66000	Disposed	2010-10-25	Common Stock (66000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	43539	Indirect

Footnotes

F1: This number includes dividend equivalent accruals (263 shares) from awards granted under the Chevron Long-Term Incentive Plan.

F2: Between February 26, 2007 and May 4, 2007, the reporting person acquired 404 shares of Chevron 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 Common Stock.