CHEVRON CORP — Director's Dealing 2007

Feb 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2007-02-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-07	Common Stock	M	300000	$40.75	Acquired	323509	Direct
2007-02-07	Common Stock	M	300000	$44.275	Acquired	623509	Direct
2007-02-07	Common Stock	S	1600	$73.17	Disposed	621909	Direct
2007-02-07	Common Stock	S	8100	$73.16	Disposed	613809	Direct
2007-02-07	Common Stock	S	5000	$73.15	Disposed	608809	Direct
2007-02-07	Common Stock	S	5000	$73.14	Disposed	603809	Direct
2007-02-07	Common Stock	S	6000	$73.13	Disposed	597809	Direct
2007-02-07	Common Stock	S	9100	$73.12	Disposed	588709	Direct
2007-02-07	Common Stock	S	42400	$73.11	Disposed	546309	Direct
2007-02-07	Common Stock	S	35900	$73.10	Disposed	510409	Direct
2007-02-07	Common Stock	S	14100	$73.09	Disposed	496309	Direct
2007-02-07	Common Stock	S	11300	$73.08	Disposed	485009	Direct
2007-02-07	Common Stock	S	2900	$73.07	Disposed	482109	Direct
2007-02-07	Common Stock	S	4300	$73.06	Disposed	477809	Direct
2007-02-07	Common Stock	S	10100	$73.05	Disposed	467709	Direct
2007-02-07	Common Stock	S	4400	$73.04	Disposed	463309	Direct
2007-02-07	Common Stock	S	9000	$73.03	Disposed	454309	Direct
2007-02-07	Common Stock	S	6000	$73.02	Disposed	448309	Direct
2007-02-07	Common Stock	S	13500	$73.01	Disposed	434809	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-07	Non-Qualified Stock Option (Right to Buy)	$40.75	M	300000	Disposed	2010-10-25	Common Stock (300000)	Direct
2007-02-07	Non-Qualified Stock Option (Right to Buy)	$44.275	M	300000	Disposed	2011-10-31	Common Stock (300000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	67675	Indirect

Footnotes

F1: The Form 4 is one of three being filed to report transactions occurring on February 7, 2007.

F2: Between August 18, 2006 and February 7, 2007, the reporting person acquired 1,562 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.