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: O REILLY DAVID J (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-07	Common Stock	M	400000	$43.125	Acquired	400000	Direct
2008-05-07	Common Stock	S	300	$95.33	Disposed	399700	Direct
2008-05-07	Common Stock	S	300	$95.34	Disposed	399400	Direct
2008-05-07	Common Stock	S	100	$95.35	Disposed	399300	Direct
2008-05-07	Common Stock	S	300	$95.36	Disposed	399000	Direct
2008-05-07	Common Stock	S	100	$95.38	Disposed	398900	Direct
2008-05-07	Common Stock	S	300	$95.39	Disposed	398600	Direct
2008-05-07	Common Stock	S	100	$95.45	Disposed	398500	Direct
2008-05-07	Common Stock	S	100	$95.46	Disposed	398400	Direct
2008-05-07	Common Stock	S	300	$95.47	Disposed	398100	Direct
2008-05-07	Common Stock	S	600	$95.48	Disposed	397500	Direct
2008-05-07	Common Stock	S	500	$95.49	Disposed	397000	Direct
2008-05-07	Common Stock	S	33	$95.5	Disposed	396967	Direct
2008-05-07	Common Stock	S	500	$95.51	Disposed	396467	Direct
2008-05-07	Common Stock	S	3000	$95.52	Disposed	393467	Direct
2008-05-07	Common Stock	S	100	$95.525	Disposed	393367	Direct
2008-05-07	Common Stock	S	1700	$95.53	Disposed	391667	Direct
2008-05-07	Common Stock	S	300	$95.535	Disposed	391367	Direct
2008-05-07	Common Stock	S	2100	$95.54	Disposed	389267	Direct
2008-05-07	Common Stock	S	500	$95.55	Disposed	388767	Direct
2008-05-07	Common Stock	S	400	$95.56	Disposed	388367	Direct
2008-05-07	Common Stock	S	300	$95.57	Disposed	388067	Direct
2008-05-07	Common Stock	S	9350	$95.58	Disposed	378717	Direct
2008-05-07	Common Stock	S	1400	$95.585	Disposed	377317	Direct
2008-05-07	Common Stock	S	900	$95.5875	Disposed	376417	Direct
2008-05-07	Common Stock	S	200	$95.588	Disposed	376217	Direct
2008-05-07	Common Stock	S	14421	$95.59	Disposed	361796	Direct
2008-05-07	Common Stock	S	1400	$95.595	Disposed	360396	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-07	Non-Qualified Stock Option (Right to Buy)	$43.125	M	400000	Disposed	2012-06-26	Common Stock (400000)	Direct

Footnotes

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

F2: 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.

F3: One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.