SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KIRKLAND GEORGE L

(Last)

(First)

(Middle)

6001 BOLLINGER CANYON ROAD

(Street)

SAN RAMON

94583

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CHEVRON CORP [ CVX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/07/2008		M		90,000 ^{( 1 )}	A	$36.7	101,465 ^{( 2 )}	D
Common Stock	05/07/2008		S		200	D	$95.77	101,265	D
Common Stock	05/07/2008		S		14,195	D	$96	87,070	D
Common Stock	05/07/2008		S		500	D	$96.005	86,570	D
Common Stock	05/07/2008		S		6,451	D	$96.01	80,119	D
Common Stock	05/07/2008		S		1,783	D	$96.02	78,336	D
Common Stock	05/07/2008		S		500	D	$96.025	77,836	D
Common Stock	05/07/2008		S		100	D	$96.0275	77,736	D
Common Stock	05/07/2008		S		1,600	D	$96.03	76,136	D
Common Stock	05/07/2008		S		200	D	$96.035	75,936	D
Common Stock	05/07/2008		S		400	D	$96.037	75,536	D
Common Stock	05/07/2008		S		700	D	$96.0375	74,836	D
Common Stock	05/07/2008		S		3,500	D	$96.04	71,336	D
Common Stock	05/07/2008		S		1,100	D	$96.045	70,236	D
Common Stock	05/07/2008		S		100	D	$96.0475	70,136	D
Common Stock	05/07/2008		S		1,646	D	$96.05	68,490	D
Common Stock	05/07/2008		S		211	D	$96.06	68,279	D
Common Stock	05/07/2008		S		1,700	D	$96.07	66,579	D
Common Stock	05/07/2008		S		1,140	D	$96.075	65,439	D
Common Stock	05/07/2008		S		500	D	$96.0775	64,939	D
Common Stock	05/07/2008		S		1,500	D	$96.08	63,439	D
Common Stock	05/07/2008		S		800	D	$96.085	62,639	D
Common Stock	05/07/2008		S		200	D	$96.0875	62,439	D
Common Stock	05/07/2008		S		600	D	$96.09	61,839	D
Common Stock	05/07/2008		S		500	D	$96.095	61,339	D
Common Stock	05/07/2008		S		400	D	$96.1	60,939	D
Common Stock	05/07/2008		S		100	D	$96.105	60,839	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (Right to Buy)	$36.7 ^{( 3 )}	05/07/2008		M			90,000 ^{( 3 )}	^{( 4 )}	06/25/2013	Common Stock	90,000 ^{( 3 )}	$0	0	D

Explanation of Responses:

1. The Form 4 is one of three being filed to report transactions occurring on May 7, 2008.

2. This number includes dividend equivalent accruals (147 shares) from awards granted under the Chevron Long-Term Incentive Plan.

3. The option exercise price and number of shares are adjusted for the September 10, 2004, 2-for-1 stock split of Chevron Corporation common stock.

4. One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.

	Christopher A. Butner on behalf of George L. Kirkland	05/08/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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