CHEVRON CORP — Director's Dealing 2007

Feb 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2007-02-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-26	Common Stock	M	66000	$39.5625	Acquired	115358	Direct
2007-02-26	Common Stock	S	66000	$72	Disposed	49358	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-26	Non-Qualified Stock Option (Right to Buy)	$39.5625	M	66000	Disposed	2008-10-27	Common Stock (66000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	43135	Indirect

Footnotes

F1: This number includes dividend equivalent accruals (243 shares) from awards granted under the Chevron Long-Term Incentive Plan.

F2: Between November 23, 2006 and February 26, 2007, the reporting person acquired 478 shares of Chevron Corporation 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 Corporation common stock.