CHEVRON CORP — Director's Dealing 2010

Nov 24, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2010-11-23

Reporting Person: Yarrington Patricia E (VP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-23	Common Stock	M	42000	$47.05	Acquired	49066	Direct
2010-11-23	Common Stock	S	42000	$81.9821	Disposed	7066	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-23	Non-Qualified Stock Option (Right to Buy)	$47.055	M	42000	Disposed	2014-06-30	Common Stock (42000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7998	Indirect

Footnotes

F1: This transaction was executed in multiple trades priced between $81.80 and $82.09. 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: One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.