CHEVRON CORP — Director's Dealing 2008

Jun 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2008-05-08

Reporting Person: WATSON JOHN S (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-08	Common Stock	G	3630	—	Disposed	13905	Direct
2008-05-08	Common Stock	G	3630	—	Acquired	3630	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3631	Indirect
Common Stock	17861	Indirect

Footnotes

F1: These shares were gifted to the reporting person's spouse and then contributed to a grantor retained annuity trust (GRAT) on May 8, 2008, of which reporting person's spouse is sole trustee and beneficiary, and are now reported herein as indirectly beneficially owned.

F2: These shares were previously reported as directly beneficially owned but were contributed to a grantor retained annuity trust (GRAT) on May 8, 2008.