CHEVRON CORP — Director's Dealing 2012

Feb 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2012-02-24

Reporting Person: KIRKLAND GEORGE L (Director, Vice Chairman and EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-24	Common Stock	M	115000	$56.76	Acquired	130174	Direct
2012-02-24	Common Stock	S	102500	$109.00	Disposed	27674	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-24	Non-Qualified Stock Option (Right to Buy)	$56.76	M	115000	Disposed	2015-06-29	Common Stock (115000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	39168	Indirect

Footnotes

F1: This number includes dividends accrued (150 shares) under the Chevron Corporation dividend reinvestment plan.

F2: Between June 28, 2011 and February 24, 2012, the reporting person acquired 837 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F3: One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.