CHEVRON CORP — Director's Dealing 2008

May 12, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Humphrey Mark A (Vice Pres. and Comptroller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-08	Common Stock	M	8000	$44.9375	Acquired	8000	Direct
2008-05-08	Common Stock	M	8000	$40.75	Acquired	16000	Direct
2008-05-08	Common Stock	S	100	$96.63	Disposed	15900	Direct
2008-05-08	Common Stock	S	5000	$96.64	Disposed	10900	Direct
2008-05-08	Common Stock	S	300	$96.6413	Disposed	10600	Direct
2008-05-08	Common Stock	S	900	$96.645	Disposed	9700	Direct
2008-05-08	Common Stock	S	400	$96.6475	Disposed	9300	Direct
2008-05-08	Common Stock	S	5036	$96.65	Disposed	4264	Direct
2008-05-08	Common Stock	S	200	$96.655	Disposed	4064	Direct
2008-05-08	Common Stock	S	100	$96.6575	Disposed	3964	Direct
2008-05-08	Common Stock	S	964	$96.66	Disposed	3000	Direct
2008-05-08	Common Stock	S	100	$96.665	Disposed	2900	Direct
2008-05-08	Common Stock	S	1100	$96.67	Disposed	1800	Direct
2008-05-08	Common Stock	S	500	$96.68	Disposed	1300	Direct
2008-05-08	Common Stock	S	1300	$96.69	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-08	Non-Qualified Stock Option (Right to Buy)	$44.9375	M	8000	Disposed	2009-10-27	Common Stock (8000)	Direct
2008-05-08	Non-Qualified Stock Option (Right to Buy)	$40.75	M	8000	Disposed	2010-10-25	Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23560	Indirect

Footnotes

F1: Between November 8, 2007 and May 8, 2008, the reporting person acquired 449 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.