CHEVRON CORP — Director's Dealing 2010

Nov 16, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2010-11-12

Reporting Person: Foehr Matthew J. (Vice Pres. and Comptroller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-12	Common Stock	M	18000	$56.63	Acquired	18468	Direct
2010-11-12	Common Stock	S	18000	$85.22	Disposed	468	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-12	Non-Qualified Stock Option (Right to Buy)	$56.63	M	18000	Disposed	2016-03-23	Common Stock (18000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12472	Indirect

Footnotes

F1: This transaction was executed in multiple trades priced between $85.18 and $85.28. 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.