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)
08/12/2005

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	08/12/2005		M		3,727	A	$56.26	64,374⁽¹⁾	D
Common Stock	08/12/2005		M		22,366	A	$45.5228	86,740	D
Common Stock	08/12/2005		M		19,976	A	$45.9643	106,716	D
Common Stock	08/12/2005		M		10,495	A	$48.815	117,211	D
Common Stock	08/12/2005		F		48,931	D	$62.57	68,280	D
Common Stock								29,702⁽²⁾	I	by 401(k) plan
Common Stock								1,310	I	by Children

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)	$56.26	08/12/2005		M			3,727	08/07/2005	06/28/2006	Common Stock	3,727	⁽⁴⁾	0	D
Non-Qualified Stock Option (right to buy)	$45.5228⁽³⁾	08/12/2005		M			22,366⁽³⁾	06/22/2001	06/22/2011	Common Stock	22,366⁽³⁾	⁽⁴⁾	0	D
Non-Qualified Stock Option (right to buy)	$45.9643⁽³⁾	08/12/2005		M			19,976⁽³⁾	06/26/2001	06/23/2010	Common Stock	19,976⁽³⁾	⁽⁴⁾	0	D
Non-Qualified Stock Option (right to buy)	$48.815⁽³⁾	08/12/2005		M			1,976⁽³⁾	02/05/2005	07/01/2007	Common Stock	1,976⁽³⁾	⁽⁴⁾	0	D
Non-Qualified Stock Option (right to buy)	$48.815⁽³⁾	08/12/2005		M			8,519⁽³⁾	02/05/2005	06/25/2009	Common Stock	8,519⁽³⁾	⁽⁴⁾	1,141	D
Non-Qualified Stock Option (right to buy)	$62.57	08/12/2005		A		3,524		02/12/2006	06/28/2006	Common Stock	3,524	$0	3,524	D
Non-Qualified Stock Option (right to buy)	$62.57	08/12/2005		A		19,061		02/12/2006	06/22/2011	Common Stock	19,061	$0	19,061	D
Non-Qualified Stock Option (right to buy)	$62.57	08/12/2005		A		17,101		02/12/2006	06/23/2010	Common Stock	17,101	$0	17,101	D
Non-Qualified Stock Option (right to buy)	$62.57	08/12/2005		A		1,741		02/12/2006	07/01/2007	Common Stock	1,741	$0	1,741	D
Non-Qualified Stock Option (right to buy)	$62.57	08/12/2005		A		7,504		02/12/2006	06/25/2009	Common Stock	7,504	$0	7,504	D

Explanation of Responses:

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

2. Between February 7, 2005 and August 12, 2005, the reporting person acquired 740 shares of Chevron Corporation common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

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

4. This transaction is an exercise of a Non-Qualified Stock Option and the conversion price is reported in column 2.

Remarks:

	Christopher A. Butner on behalf of John E. Bethancourt	08/16/2005
	** 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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