CHEVRON CORP — Director's Dealing 2011

Jun 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2011-05-19

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-19	Phantom Stock	$	I	0.431	Acquired		Common Stock (0.431)	Direct
2011-06-06	Phantom Stock	$	I	0.866	Acquired		Common Stock (0.866)	Direct
2011-06-21	Phantom Stock	$	I	0.85	Acquired		Common Stock (0.85)	Direct

Footnotes

F1: 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.

F2: This number includes dividend equivalent accruals (13) since March 1, 2011, under the Chevron Deferred Compensation Plan for Management Employees II.

F3: This number includes dividend equivalent accruals (15) since May 19, 2011, under the Chevron Deferred Compensation Plan for Management Employees II.