CHEVRON CORP — Director's Dealing 2010

Dec 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2010-11-29

Reporting Person: SHARER KEVIN W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-29	Phantom Stock	$0	I	355	Acquired		Common Stock (355)	Direct

Footnotes

F1: The shares of phantom stock issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan become payable in common stock upon the reporting person's termination of service.

F2: 1-for-1

F3: This number includes dividend equivalent accruals (43) under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.