CHEVRON CORP — Director's Dealing 2007

Mar 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2007-02-27

Reporting Person: BETHANCOURT JOHN E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-27	Common Stock	M	2274	$62.17	Acquired	65981	Direct
2007-02-27	Common Stock	M	6437	$62.57	Acquired	72418	Direct
2007-02-27	Common Stock	M	9664	$62.57	Acquired	82082	Direct
2007-02-27	Common Stock	F	16905	$71.575	Disposed	65177	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-27	Non-Qualified Stock Option (Right to Buy)	$62.17	M	2274	Disposed	2011-06-22	Common Stock (2274)	Direct
2007-02-27	Non-Qualified Stock Option (Right to Buy)	$62.57	M	6437	Disposed	2009-06-25	Common Stock (6437)	Direct
2007-02-27	Non-Qualified Stock Option (Right to Buy)	$62.57	M	9664	Disposed	2010-06-23	Common Stock (9664)	Direct
2007-02-27	Non-Qualified Stock Option (Right to Buy)	$71.575	A	2083	Acquired	2011-06-22	Common Stock (2083)	Direct
2007-02-27	Non-Qualified Stock Option (Right to Buy)	$71.575	A	5926	Acquired	2009-06-25	Common Stock (5926)	Direct
2007-02-27	Non-Qualified Stock Option (Right to Buy)	$71.575	A	8896	Acquired	2010-06-23	Common Stock (8896)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	31832	Indirect

Footnotes

F1: This number includes dividend equivalent accruals (132 shares) from awards granted under the Chevron Long-Term Incentive Plan.

F2: Between November 8, 2006 and February 27, 2007, the reporting person acquired 415 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k).

F3: This transaction is an exercise of a non-qualified stock option and the conversion price is reported in column 2.