CHEVRON CORP — Director's Dealing 2011

Feb 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2011-02-07

Reporting Person: Wirth Michael K (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-07	Common Stock	M	16000	$43.125	Acquired	16000	Direct
2011-02-07	Common Stock	S	16000	$97.8767	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-07	Non-Qualified Stock Option (Right to Buy)	$43.125	M	16000	Disposed	2012-06-26	Common Stock (16000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9558	Indirect
Common Stock	22829	Indirect

Footnotes

F1: This transaction was executed in multiple trades priced between $97.8198 and $97.93. The price reported above reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

F2: Between November 2, 2010 and February 7, 2011, the reporting person acquired 174 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F3: Option granted 6/26/2002. One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.