CHEVRON CORP — Director's Dealing 2012

May 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2012-04-30

Reporting Person: Foehr Matthew J. (Vice Pres. and Comptroller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-30	Common Stock	M	36000	$69.70	Acquired	36468	Direct
2012-04-30	Common Stock	S	36000	$106.1392	Disposed	468	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-30	Non-Qualified Stock Option (Right to Buy)	$69.70	M	36000	Disposed	2019-03-25	Common Stock (36000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13454	Indirect

Footnotes

F1: This transaction was executed in multiple trades priced between $106.02 and $106.24. 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 August 2, 2011 and April 30, 2012, the reporting person acquired 496 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F3: Option granted 03/25/2009. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.