CHEVRON CORP — Director's Dealing 2008

May 16, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2008-05-13

Reporting Person: BETHANCOURT JOHN E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-13	Common Stock	M	4326	$79.575	Acquired	67243	Direct
2008-05-13	Common Stock	M	16594	$79.575	Acquired	83837	Direct
2008-05-13	Common Stock	M	825	$89.145	Acquired	84662	Direct
2008-05-13	Common Stock	M	891	$89.145	Acquired	85553	Direct
2008-05-13	Common Stock	M	3005	$89.145	Acquired	88558	Direct
2008-05-13	Common Stock	M	3495	$89.145	Acquired	92053	Direct
2008-05-13	Common Stock	M	4171	$89.145	Acquired	96224	Direct
2008-05-13	Common Stock	M	5306	$89.145	Acquired	101530	Direct
2008-05-13	Common Stock	M	7963	$89.145	Acquired	109493	Direct
2008-05-13	Common Stock	M	8049	$89.145	Acquired	117542	Direct
2008-05-13	Common Stock	F	51174	$97.025	Disposed	66368	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$79.575	M	4326	Disposed	2010-06-23	Common Stock (4326)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$79.575	M	16594	Disposed	2011-06-22	Common Stock (16594)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$89.145	M	825	Disposed	2009-06-25	Common Stock (825)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$89.145	M	891	Disposed	2009-06-25	Common Stock (891)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$89.145	M	3005	Disposed	2010-06-23	Common Stock (3005)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$89.145	M	3495	Disposed	2010-06-23	Common Stock (3495)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$89.145	M	4171	Disposed	2010-06-23	Common Stock (4171)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$89.145	M	5306	Disposed	2009-06-25	Common Stock (5306)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$89.145	M	7963	Disposed	2010-06-23	Common Stock (7963)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$89.145	M	8049	Disposed	2011-06-22	Common Stock (8049)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$97.025	A	3912	Acquired	2010-06-23	Common Stock (3912)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$97.025	A	15006	Acquired	2011-06-22	Common Stock (15006)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$97.025	A	790	Acquired	2009-06-25	Common Stock (790)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$97.025	A	853	Acquired	2009-06-25	Common Stock (853)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$97.025	A	2876	Acquired	2010-06-23	Common Stock (2876)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$97.025	A	3345	Acquired	2010-06-23	Common Stock (3345)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$97.025	A	3992	Acquired	2010-06-23	Common Stock (3992)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$97.025	A	5078	Acquired	2009-06-25	Common Stock (5078)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$97.025	A	7620	Acquired	2010-06-23	Common Stock (7620)	Direct
2008-05-13	Non-Qualified Stock Option (Right to Buy)	$97.025	A	7702	Acquired	2011-06-22	Common Stock (7702)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	33476	Indirect