CHEVRON CORP — Director's Dealing 2011

Dec 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2011-12-06

Reporting Person: Pate R. Hewitt (VP and General Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-06	Phantom Stock Units	$0	A	22500	Acquired		Common Stock (22500)	Direct

Footnotes

F1: Phantom stock units granted under the Chevron Corporation Long-Term Incentive Plan. Each phantom stock unit is the economic equivalent of one share of Chevron Corporation common stock. The phantom stock units are payable in cash upon vesting. Thirty percent of the units vest on December 6, 2014, 30 percent vest on December 6, 2016, and 40 percent vest on December 6, 2018.