CHEVRON CORP — Director's Dealing 2010

May 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2010-05-10

Reporting Person: WARE CARL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-10	Common Stock	M	2820	$36.70	Acquired	31497	Direct
2010-05-10	Common Stock	M	2552	$47.055	Acquired	34049	Direct
2010-05-10	Common Stock	M	2643	$56.76	Acquired	36692	Direct
2010-05-10	Common Stock	M	1747	$61.36	Acquired	38439	Direct
2010-05-10	Common Stock	S	9762	$80.00	Disposed	28677	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-10	Non-Qualified Stock Option (Right to Buy)	$36.70	M	2820	Disposed	2013-06-25	Common Stock (2820)	Direct
2010-05-10	Non-Qualified Stock Option (Right to Buy)	$47.055	M	2552	Disposed	2014-06-30	Common Stock (2552)	Direct
2010-05-10	Non-Qualified Stock Option (Right to Buy)	$56.76	M	2643	Disposed	2015-06-29	Common Stock (2643)	Direct
2010-05-10	Non-Qualified Stock Option (Right to Buy)	$61.36	M	1747	Disposed	2016-06-28	Common Stock (1747)	Direct

Footnotes

F1: 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 (1,004 shares) issued under the Non-Employee Directors' Equity Compensation and Deferral Plan.

F2: The option vests as follows: 50 percent on January 1, 2004 and the remaining 50 percent on June 25, 2004

F3: The option vests as follows: 50 percent on January 1, 2005 and the remaining 50 percent on June 30, 2005

F4: The option vests as follows: 50 percent on January 1, 2006 and the remaining 50 percent on June 29, 2006

F5: The option vests as follows: 50 percent on January 1, 2007 and the remaining 50 percent on June 28, 2007.