CHEVRON CORP — Director's Dealing 2007

May 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2007-05-02

Reporting Person: CROWE STEPHEN J (Vice Pres. and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-02	Common Stock	M	24200	$44.9375	Acquired	29092	Direct
2007-05-02	Common Stock	M	34000	$40.75	Acquired	63092	Direct
2007-05-02	Common Stock	S	1000	$78.61	Disposed	62092	Direct
2007-05-02	Common Stock	S	2200	$78.6	Disposed	59892	Direct
2007-05-02	Common Stock	S	200	$78.59	Disposed	59692	Direct
2007-05-02	Common Stock	S	1900	$78.57	Disposed	57792	Direct
2007-05-02	Common Stock	S	1300	$78.51	Disposed	56492	Direct
2007-05-02	Common Stock	S	17600	$78.5	Disposed	38892	Direct
2007-05-02	Common Stock	S	100	$78.58	Disposed	38792	Direct
2007-05-02	Common Stock	S	1600	$78.56	Disposed	37192	Direct
2007-05-02	Common Stock	S	32300	$78.55	Disposed	4892	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-02	Non-Qualified Stock Option (Right to Buy)	$44.9375	M	24200	Disposed	2009-10-27	Common Stock (24200)	Direct
2007-05-02	Non-Qualified Stock Option (Right to Buy)	$40.75	M	34000	Disposed	2010-10-25	Common Stock (34000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40024	Indirect

Footnotes

F1: Between May 4, 2006 and May 2, 2007, the reporting person acquired 1,534 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 Corporation common stock.