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CHEVRON CORP Director's Dealing 2010

May 28, 2010

29758_dirs_2010-05-28_787e83f4-4630-4fd1-b1ea-de4b76859a97.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2010-05-26

Reporting Person: SHOEMATE CHARLES R (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-05-26 Common Stock A 2535 Acquired 39433 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-05-26 Non-Qualified Stock Option (Right to Buy) $71.55 A 8305 Acquired 2020-05-26 Common Stock (8305) Direct

Footnotes

F1: This number represents stock units issued under the Non-Employee Directors' Equity Compensation and Deferral Plan.

F2: This number includes the acquisition of dividend equivalent accruals on stock units and the acquisition of stock resulting from the reinvestment of dividends on restricted stock (965 shares) issued under the Non-Employee Directors' Equity Compensation and Deferral Plan.

F3: Stock options granted in lieu of the annual cash retainer at the Director's election.

F4: The option vests as follows: 50 percent on November 26, 2010 and the remaining 50 percent on the earlier of the last day of the Annual Compensation Cycle to which the grant relates or May 26, 2011.