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: WATSON JOHN S (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-07	Common Stock	S	1800	$96.27	Disposed	39166	Direct
2008-05-07	Common Stock	S	600	$96.28	Disposed	38566	Direct
2008-05-07	Common Stock	S	1900	$96.29	Disposed	36666	Direct
2008-05-07	Common Stock	S	3400	$96.3	Disposed	33266	Direct
2008-05-07	Common Stock	S	800	$96.31	Disposed	32466	Direct
2008-05-07	Common Stock	S	900	$96.32	Disposed	31566	Direct
2008-05-07	Common Stock	S	1100	$96.33	Disposed	30466	Direct
2008-05-07	Common Stock	S	1100	$96.34	Disposed	29366	Direct
2008-05-07	Common Stock	S	2300	$96.35	Disposed	27066	Direct
2008-05-07	Common Stock	S	700	$96.36	Disposed	26366	Direct
2008-05-07	Common Stock	S	1300	$96.37	Disposed	25066	Direct
2008-05-07	Common Stock	S	500	$96.38	Disposed	24566	Direct
2008-05-07	Common Stock	S	500	$96.39	Disposed	24066	Direct
2008-05-07	Common Stock	S	1500	$96.4	Disposed	22566	Direct
2008-05-07	Common Stock	S	400	$96.41	Disposed	22166	Direct
2008-05-07	Common Stock	S	1000	$96.42	Disposed	21166	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17861	Indirect

Footnotes

F1: The Form 4 is five of five being filed to report transactions occurring on May 7, 2008.

F2: Between August 2, 2007 and May 7, 2008, the reporting person acquired 560 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.