CHEVRON CORP — Director's Dealing 2009

Nov 25, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2009-11-23

Reporting Person: Wirth Michael K (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-23	Common Stock	M	18668	$36.70	Acquired	20909	Direct
2009-11-23	Common Stock	S	13525	$78.8621	Disposed	7384	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-23	Non-Qualified Stock Option (Right to Buy)	$36.70	M	18668	Disposed	2013-06-25	Common Stock (18668)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8790	Indirect
Common Stock	5045	Indirect

Footnotes

F1: This number includes dividend equivalent accruals (41 units) from awards granted under the Chevron Long-Term Incentive Plan.

F2: This transaction was executed in multiple trades priced between $78.83 and $78.88. The price reported above reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

F3: Between March 26, 2009 and November 23, 2009, the reporting person acquired 246 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F4: One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.