CHEVRON CORP — Director's Dealing 2012

May 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2012-05-25

Reporting Person: DENHAM ROBERT E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-30	Common Stock	A	1835	—	Acquired	30800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-25	Phantom Stock	$	I	331	Acquired		Common Stock (331)	Direct

Footnotes

F1: This number represents stock units issued under the Non-Employee Directors' Equity Compensation and Deferral Plan.

F2: 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 (738 shares) issued under the Non-Employee Directors' Equity Compensation and Deferral Plan.

F3: The shares of phantom stock issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan become payable in common stock upon the reporting person's termination of service.

F4: 1-for-1.

F5: This number includes dividend equivalent accruals (87) under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.