CHEVRON CORP — Director's Dealing 2008

Jun 6, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2008-06-04

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
2008-06-04	Phantom Stock	$0	I	1723	Acquired		Common Stock (1723)	Direct

Footnotes

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

F2: 1-for-1

F3: This number includes dividend equivalent accruals (697) under the Chevron Deferred Compensation Plan for Management Employees and the Chevron Deferred Compensation Plan for Management Employees II.