CHEVRON CORP — Director's Dealing 2009

Nov 10, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2009-11-06

Reporting Person: Humphrey Mark A (Vice Pres. and Comptroller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-06	Common Stock	M	8000	$40.75	Acquired	9121	Direct
2009-11-06	Common Stock	S	8000	$77.1126	Disposed	1121	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-06	Non-Qualified Stock Option (Right to Buy)	$40.75	M	8000	Disposed	2010-10-25	Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	25177	Indirect

Footnotes

F1: This transaction was executed in two trades priced at $77.10 and $77.1183. 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.

F2: This number includes dividend equivalent accruals (21 units) from awards granted under the Chevron Long-Term Incentive Plan.

F3: Between March 26, 2009 and November 6, 2009, the reporting person acquired 629 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.