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
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^*

BETHANCOURT JOHN E

(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)
11/09/2007

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	11/09/2007		M		6,452	A	$69.35	63,627⁽¹⁾	D
Common Stock	11/09/2007		M		4,801	A	$67.14	68,428	D
Common Stock	11/09/2007		M		3,962	A	$69.35	72,390	D
Common Stock	11/09/2007		M		16,125	A	$69.35	88,515	D
Common Stock	11/09/2007		M		2,083	A	$71.575	90,598	D
Common Stock	11/09/2007		M		5,926	A	$71.575	96,524	D
Common Stock	11/09/2007		M		8,896	A	$71.575	105,420	D
Common Stock	11/09/2007		M		945	A	$79.575	106,365	D
Common Stock	11/09/2007		M		875	A	$79.575	107,240	D
Common Stock	11/09/2007		M		3,187	A	$79.575	110,427	D
Common Stock	11/09/2007		F		47,430	D	$89.145	62,997	D
Common Stock								32,726⁽²⁾	I	by 401(k) plan

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)	$69.35	11/09/2007		M			6,452	05/07/2007	06/26/2008	Common Stock	6,452	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$67.14	11/09/2007		M			4,801	02/22/2007	06/23/2010	Common Stock	4,801	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$69.35	11/09/2007		M			3,962	05/07/2007	06/23/2010	Common Stock	3,962	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$69.35	11/09/2007		M			16,125	05/07/2007	06/22/2011	Common Stock	16,125	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$71.575	11/09/2007		M			2,083	08/27/2007	06/22/2011	Common Stock	2,083	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$71.575	11/09/2007		M			5,926	08/27/2007	06/25/2009	Common Stock	5,926	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$71.575	11/09/2007		M			8,896	08/27/2007	06/23/2010	Common Stock	8,896	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$79.575	11/09/2007		M			945	11/07/2007	06/25/2009	Common Stock	945	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$79.575	11/09/2007		M			875	11/07/2007	06/25/2009	Common Stock	875	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$79.575	11/09/2007		M			3,187	11/07/2007	06/23/2010	Common Stock	3,187	$0	3,404	D
Non-Qualified Stock Option (Right to Buy)	$89.145	11/09/2007		A		5,690		05/09/2008	06/26/2008	Common Stock	5,690	$0	5,690	D
Non-Qualified Stock Option (Right to Buy)	$89.145	11/09/2007		A		891		05/09/2008	06/25/2009	Common Stock	891	$0	891	D
Non-Qualified Stock Option (Right to Buy)	$89.145	11/09/2007		A		825		05/09/2008	06/25/2009	Common Stock	825	$0	825	D
Non-Qualified Stock Option (Right to Buy)	$89.145	11/09/2007		A		4,171		05/09/2008	06/23/2010	Common Stock	4,171	$0	4,171	D
Non-Qualified Stock Option (Right to Buy)	$89.145	11/09/2007		A		7,963		05/09/2008	06/23/2010	Common Stock	7,963	$0	7,963	D
Non-Qualified Stock Option (Right to Buy)	$89.145	11/09/2007		A		3,495		05/09/2008	06/23/2010	Common Stock	3,495	$0	3,495	D
Non-Qualified Stock Option (Right to Buy)	$89.145	11/09/2007		A		5,306		05/09/2008	06/25/2009	Common Stock	5,306	$0	5,306	D
Non-Qualified Stock Option (Right to Buy)	$89.145	11/09/2007		A		1,865		05/09/2008	06/22/2011	Common Stock	1,865	$0	1,865	D
Employee Stock Option (Right to Buy)	$89.145	11/09/2007		A		14,219		05/09/2008	06/22/2011	Common Stock	14,219	$0	14,219	D
Non-Qualified Stock Option (Right to Buy)	$89.145	11/09/2007		A		3,005		05/09/2008	06/23/2010	Common Stock	3,005	$0	3,005	D

Explanation of Responses:

1. This number includes dividend equivalent accruals (64 shares) from awards granted under the Chevron Long-Term Incentive Plan.

2. Between August 2, 2007 and November 9, 2007, the reporting person acquired 217 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

	Christopher A. Butner on behalf of John E. Bethancourt	11/13/2007
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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