CHEVRON CORP — Director's Dealing 2008

Sep 16, 2008

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2007-12-31

Reporting Person: BETHANCOURT JOHN E (Executive Vice President)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units	$		Common Stock (297)	2352	Indirect

Footnotes

F1: Each phantom stock unit is the economic equivalent of one share of Chevron Corporation common stock. The phantom stock units are payable in cash upon the reporting person's retirement or other termination of service.

F2: On July 1, 2003, the date on which the reporting person became an officer of Chevron Corporation, the reporting person owned phantom stock units that were acquired under an excess benefit plan now named the Chevron Corporation ESIP Restoration Plan and that were not included in the reporting person's Form 3. Column 7 reflects the number of phantom stock units held at the time of the reporting person's Form 3 filing.

F3: Number of phantom stock units held at December 31, 2007.