CHEVRON CORP — Director's Dealing 2008

May 31, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2008-05-28

Reporting Person: EATON ROBERT J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-28	Common Stock	A	1747	—	Acquired	25776	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-28	Non-Qualified Stock Option (Right to Buy)	$100.42	A	6555	Acquired	2018-05-28	Common Stock (6555)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22080	Indirect

Footnotes

F1: This number represents stock units paid under the Non-Employee Directors' Equity Compensation and Deferral Plan.

F2: This number includes the acquisition of 638 shares from dividend equivalent accruals under the Non-Employee Directors' Equity Compensation and Deferral Plan and the reinvestment of dividends since April 26, 2007.

F3: Includes 19,000 shares that were initially reported on May 11, 2005, and were inadvertently reported as directly held instead of indirectly held through a family trust. This number also includes 3,080 shares that were previously indirectly held through Mr. Eaton's wife and are now indirectly held through the family trust.

F4: Stock options granted in lieu of the annual cash retainer at the Director's election.

F5: The option vests as follows: fifty percent on November 28, 2008 and the remaining fifty percent on May 28, 2009.