CHEVRON CORP — Director's Dealing 2010

Aug 31, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2010-08-27

Reporting Person: SHOEMATE CHARLES R (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-27	Phantom Stock	$0	S	4646	Disposed		Common Stock (4646)	Direct

Footnotes

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

F2: 1-for-1

F3: This number includes the acquisition of 1,843 additional shares from the September 10, 2004, 2-for-1 stock split of Chevron common stock and dividend equivalent accruals (960 shares) under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.