CHEVRON CORP — Director's Dealing 2009

Mar 27, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2009-03-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-03-25	Common Stock	A	1100	$69.70	Acquired	1100	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-03-25	Non-Qualified Stock Option (Right to Buy)	$69.70	A	45000	Acquired	2019-03-25	Common Stock (45000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	24548	Indirect

Footnotes

F1: This number represents stock units to be paid in shares of Chevron Common Stock (one share for each stock unit) within 60 days following November 1, 2010. The stock units earn dividend equivalents in the form of additional stock units based on the closing stock price of Chevron Common Stock on the dividend payment date.

F2: Between May 9, 2008 and March 25, 2009, the reporting person acquired 988 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

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.