CHEVRON CORP — Director's Dealing 2008

Mar 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2008-02-29

Reporting Person: BETHANCOURT JOHN E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-29	Common Stock	M	3404	$79.575	Acquired	66462	Direct
2008-02-29	Common Stock	M	2317	$79.575	Acquired	68779	Direct
2008-02-29	Common Stock	F	5355	$88.53	Disposed	63424	Direct
2008-02-29	Common Stock	G	575	—	Disposed	62849	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-29	Non-Qualified Stock Option (Right to Buy)	$79.575	M	3404	Disposed	2010-06-23	Common Stock (3404)	Direct
2008-02-29	Non-Qualified Stock Option (Right to Buy)	$79.575	M	2317	Disposed	2010-06-23	Common Stock (2317)	Direct
2008-02-29	Non-Qualified Stock Option (Right to Buy)	$88.53	A	3187	Acquired	2010-06-23	Common Stock (3187)	Direct
2008-02-29	Non-Qualified Stock Option (Right to Buy)	$88.53	A	2168	Acquired	2010-06-23	Common Stock (2168)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	33105	Indirect

Footnotes

F1: This number includes dividend equivalent accruals (61 shares) from awards granted under the Chevron Long-Term Incentive Plan.

F2: "Bona fide gift" and involves no payment of consideration by the recipient of the gift.

F3: Between November 10, 2007 and February 29, 2008, the reporting person acquired 379 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.