CHEVRON CORP — Director's Dealing 2007

Mar 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2007-03-07

Reporting Person: O REILLY DAVID J (Director, Chairman of the Board and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-07	Phantom Stock	$0	I	2830	Acquired		Common Stock (2830)	Direct

Footnotes

F1: The shares of phantom stock issued under the Chevron Deferred Compensation Plan for Management Employees become payable in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service.

F2: 1-for-1

F3: This number includes dividend equivalent accruals under the Chevron Deferred Compensation Plan for Management Employees.