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CHEVRON CORP Director's Dealing 2008

May 13, 2008

29758_dirs_2008-05-12_4c4b2ed0-7a1b-429a-bd96-01da820e87aa.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: BETHANCOURT JOHN E (Executive Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-05-08 Common Stock M 34000 $43.125 Acquired 96917 Direct
2008-05-08 Common Stock S 31803 $96.8 Disposed 65114 Direct
2008-05-08 Common Stock S 300 $96.805 Disposed 64814 Direct
2008-05-08 Common Stock S 200 $96.8075 Disposed 64614 Direct
2008-05-08 Common Stock S 1497 $96.81 Disposed 63117 Direct
2008-05-08 Common Stock S 200 $96.815 Disposed 62917 Direct
2008-05-09 Common Stock M 5690 $89.145 Acquired 68607 Direct
2008-05-09 Common Stock S 200 $96.8 Disposed 68407 Direct
2008-05-09 Common Stock S 700 $96.81 Disposed 67707 Direct
2008-05-09 Common Stock S 2400 $96.82 Disposed 65307 Direct
2008-05-09 Common Stock S 100 $96.83 Disposed 65207 Direct
2008-05-09 Common Stock S 490 $96.84 Disposed 64717 Direct
2008-05-09 Common Stock S 1100 $96.85 Disposed 63617 Direct
2008-05-09 Common Stock S 700 $96.86 Disposed 62917 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-05-08 Non-Qualified Stock Option (Right to Buy) $43.125 M 34000 Disposed 2012-06-26 Common Stock (34000) Direct
2008-05-09 Non-Qualified Stock Option (Right to Buy) $89.145 M 5690 Disposed 2008-06-26 Common Stock (5690) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 33476 Indirect

Footnotes

F1: This number includes dividend equivalent accruals (66 shares) from awards granted under the Chevron Long-Term Incentive Plan. This number also includes 2 shares previously inadvertently omitted due to input and rounding errors.

F2: Between March 1, 2008 and May 8, 2008, the reporting person acquired 371 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F3: The option exercise price and number of shares are adjusted for the September 10, 2004, 2-for-1 stock split of Chevron Corporation common stock.

F4: One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.