Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
BETHANCOURT JOHN E
   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
(Last)
(First)
(Middle)
6001 BOLLINGER CANYON ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
11/09/2007
(Street)

SAN RAMON, CA 94583		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
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  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BETHANCOURT JOHN E
6001 BOLLINGER CANYON ROAD
SAN RAMON, CA 94583		       Executive Vice President  

Signatures

 Christopher A. Butner on behalf of John E. Bethancourt   11/13/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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.

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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