CHEVRON CORP — Director's Dealing 2008

May 8, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: CROWE STEPHEN J (Vice Pres. and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-07	Common Stock	M	34000	$44.275	Acquired	34000	Direct
2008-05-07	Common Stock	M	34000	$43.125	Acquired	68000	Direct
2008-05-07	Common Stock	M	42000	$36.7	Acquired	110000	Direct
2008-05-07	Common Stock	M	42000	$47.055	Acquired	152000	Direct
2008-05-07	Common Stock	S	500	$95.22	Disposed	151500	Direct
2008-05-07	Common Stock	S	810	$95.24	Disposed	150690	Direct
2008-05-07	Common Stock	S	100	$95.245	Disposed	150590	Direct
2008-05-07	Common Stock	S	100	$95.2475	Disposed	150490	Direct
2008-05-07	Common Stock	S	1000	$95.25	Disposed	149490	Direct
2008-05-07	Common Stock	S	300	$95.26	Disposed	149190	Direct
2008-05-07	Common Stock	S	525	$95.27	Disposed	148665	Direct
2008-05-07	Common Stock	S	1275	$95.28	Disposed	147390	Direct
2008-05-07	Common Stock	S	100	$95.285	Disposed	147290	Direct
2008-05-07	Common Stock	S	700	$95.29	Disposed	146590	Direct
2008-05-07	Common Stock	S	100	$95.3	Disposed	146490	Direct
2008-05-07	Common Stock	S	1500	$95.31	Disposed	144990	Direct
2008-05-07	Common Stock	S	40	$95.33	Disposed	144950	Direct
2008-05-07	Common Stock	S	700	$95.335	Disposed	144250	Direct
2008-05-07	Common Stock	S	6300	$95.34	Disposed	137950	Direct
2008-05-07	Common Stock	S	1400	$95.345	Disposed	136550	Direct
2008-05-07	Common Stock	S	631	$95.35	Disposed	135919	Direct
2008-05-07	Common Stock	S	400	$95.355	Disposed	135519	Direct
2008-05-07	Common Stock	S	6200	$95.36	Disposed	129319	Direct
2008-05-07	Common Stock	S	200	$95.365	Disposed	129119	Direct
2008-05-07	Common Stock	S	1200	$95.37	Disposed	127919	Direct
2008-05-07	Common Stock	S	200	$95.375	Disposed	127719	Direct
2008-05-07	Common Stock	S	700	$95.38	Disposed	127019	Direct
2008-05-07	Common Stock	S	300	$95.39	Disposed	126719	Direct
2008-05-07	Common Stock	S	300	$95.4	Disposed	126419	Direct
2008-05-07	Common Stock	S	400	$95.41	Disposed	126019	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-07	Non-Qualified Stock Option (Right to Buy)	$44.275	M	34000	Disposed	2011-10-31	Common Stock (34000)	Direct
2008-05-07	Non-Qualified Stock Option (Right to Buy)	$43.125	M	34000	Disposed	2012-06-26	Common Stock (34000)	Direct
2008-05-07	Non-Qualified Stock Option (Right to Buy)	$36.7	M	42000	Disposed	2013-06-25	Common Stock (42000)	Direct
2008-05-07	Non-Qualified Stock Option (Right to Buy)	$47.055	M	42000	Disposed	2014-06-30	Common Stock (42000)	Direct

Footnotes

F1: The Form 4 is one of four 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.