CHEVRON CORP — Director's Dealing 2011

Aug 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2011-08-08

Reporting Person: Blackwell James R. (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-08	Common Stock	A	1872	$90.17	Acquired	6660	Indirect
2011-08-09	Common Stock	A	2066	$93.43	Acquired	8726	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-08	Phantom Stock	$	A	1854.853	Acquired		Common Stock (1854.853)	Direct
2011-08-09	Phantom Stock	$	A	600	Acquired		Common Stock (600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5082	Direct

Footnotes

F1: Between March 5, 2011 and August 8, 2011, the reporting person acquired 176 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F2: This number includes dividend equivalent accruals (75 shares) from awards granted under the Chevron Long-Term Incentive Plan.

F3: The shares of phantom stock, which are issued under the Chevron Deferred Compensation Plan for Management Employees II, become payable in common stock upon the reporting person's termination of service.

F4: 1-for-1