CHEVRON CORP — Director's Dealing 2008

May 9, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2008-05-07

Reporting Person: JAMES CHARLES A (Vice Pres. and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-07	Common Stock	M	50000	$56.63	Acquired	55620	Direct
2008-05-07	Common Stock	M	53333	$56.76	Acquired	108953	Direct
2008-05-07	Common Stock	S	2100	$96.21	Disposed	106853	Direct
2008-05-07	Common Stock	S	500	$96.13	Disposed	106353	Direct
2008-05-07	Common Stock	S	1600	$96.18	Disposed	104753	Direct
2008-05-07	Common Stock	S	300	$96.02	Disposed	104453	Direct
2008-05-07	Common Stock	S	4000	$96.45	Disposed	100453	Direct
2008-05-07	Common Stock	S	2200	$96.15	Disposed	98253	Direct
2008-05-07	Common Stock	S	6700	$96.43	Disposed	91553	Direct
2008-05-07	Common Stock	S	3500	$96.2	Disposed	88053	Direct
2008-05-07	Common Stock	S	733	$95.77	Disposed	87320	Direct
2008-05-07	Common Stock	S	400	$96.17	Disposed	86920	Direct
2008-05-07	Common Stock	S	1700	$96.04	Disposed	85220	Direct
2008-05-07	Common Stock	S	3600	$96.33	Disposed	81620	Direct
2008-05-07	Common Stock	S	400	$95.76	Disposed	81220	Direct
2008-05-07	Common Stock	S	5000	$96.48	Disposed	76220	Direct
2008-05-07	Common Stock	S	500	$96.05	Disposed	75720	Direct
2008-05-07	Common Stock	S	3900	$96.01	Disposed	71820	Direct
2008-05-07	Common Stock	S	700	$96.44	Disposed	71120	Direct
2008-05-07	Common Stock	S	1000	$96.06	Disposed	70120	Direct
2008-05-07	Common Stock	S	900	$95.88	Disposed	69220	Direct
2008-05-07	Common Stock	S	500	$96.08	Disposed	68720	Direct
2008-05-07	Common Stock	S	1800	$96.22	Disposed	66920	Direct
2008-05-07	Common Stock	S	5000	$96.53	Disposed	61920	Direct
2008-05-07	Common Stock	S	600	$96.46	Disposed	61320	Direct
2008-05-07	Common Stock	S	400	$96.03	Disposed	60920	Direct
2008-05-07	Common Stock	S	2700	$96	Disposed	58220	Direct
2008-05-07	Common Stock	S	50000	$96.31	Disposed	8220	Direct
2008-05-07	Common Stock	S	2600	$96.28	Disposed	5620	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-07	Non-Qualified Stock Option (Right to Buy)	$56.63	M	50000	Disposed	2016-03-23	Common Stock (50000)	Direct
2008-05-07	Non-Qualified Stock Option (Right to Buy)	$56.76	M	53333	Disposed	2015-06-29	Common Stock (53333)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2051	Indirect

Footnotes

F1: Between November 8, 2007 and May 7, 2008, the reporting person acquired 237 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F2: One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.