SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Yarrington Patricia E

(Last)

(First)

(Middle)

6001 BOLLINGER CANYON ROAD

(Street)

SAN RAMON

94583

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2009

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	5,928	D
Common Stock	6,346⁽¹⁾	I	by 401(k) plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Non-Qualified Stock Option (Right to Buy)	⁽²⁾	06/30/2014	Common Stock	42,000	$47.055	D
Non-Qualified Stock Option (Right to Buy)	⁽³⁾	06/29/2015	Common Stock	40,000	$56.76	D
Non-Qualified Stock Option (Right to Buy)	⁽⁴⁾	03/23/2016	Common Stock	38,000	$56.63	D
Non-Qualified Stock Option (Right to Buy)	⁽⁵⁾	03/28/2017	Common Stock	44,000	$74.08	D
Non-Qualified Stock Option (Right to Buy)	⁽⁶⁾	03/26/2018	Common Stock	39,000	$84.96	D
Phantom Stock Units	⁽⁷⁾	⁽⁷⁾	Common Stock	2,692	⁽⁷⁾	I	Excess Benefit Plan

Explanation of Responses:

1. As of January 6, 2009, this number represents the reporting person's shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

2. Option granted 06/30/2004. One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.

3. Option granted 06/29/2005. One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.

4. Option granted 03/23/2006. One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.

5. Option granted 03/28/2007. One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.

6. Option granted 03/26/2008. One-third of the shares subject to the option vest on each of the first, second and third anniversaries of the date of grant.

7. Each phantom stock unit is the economic equivalent of one share of Chevron Corporation common stock. The phantom stock units are payable in cash upon the reporting person's retirement or other termination of service.

	Christopher A. Butner on behalf of Patricia E. Yarrington	01/07/2009
	** 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 5 (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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