Edgar Filing: BETHANCOURT JOHN E

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)
08/12/2005

(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)
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

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Stock Option (right to buy)

$ 56.26

08/12/2005

3,727

08/07/2005

06/28/2006

Common Stock

3,727

⁽⁴⁾

Non-Qualified Stock Option (right to buy)

$ 45.5228 ⁽³⁾

08/12/2005

22,366 ⁽³⁾

06/22/2001

06/22/2011

Common Stock

22,366 ⁽³⁾

⁽⁴⁾

Non-Qualified Stock Option (right to buy)

$ 45.9643 ⁽³⁾

08/12/2005

19,976 ⁽³⁾

06/26/2001

06/23/2010

Common Stock

19,976 ⁽³⁾

⁽⁴⁾

Non-Qualified Stock Option (right to buy)

$ 48.815 ⁽³⁾

08/12/2005

1,976 ⁽³⁾

02/05/2005

07/01/2007

Common Stock

1,976 ⁽³⁾

⁽⁴⁾

Non-Qualified Stock Option (right to buy)

$ 48.815 ⁽³⁾

08/12/2005

8,519 ⁽³⁾

02/05/2005

06/25/2009

Common Stock

8,519 ⁽³⁾

⁽⁴⁾

1,141

Non-Qualified Stock Option (right to buy)

$ 62.57

08/12/2005

3,524

02/12/2006

06/28/2006

Common Stock

3,524

$ 0

3,524

Non-Qualified Stock Option (right to buy)

$ 62.57

08/12/2005

19,061

02/12/2006

06/22/2011

Common Stock

19,061

$ 0

19,061

Non-Qualified Stock Option (right to buy)

$ 62.57

08/12/2005

17,101

02/12/2006

06/23/2010

Common Stock

17,101

$ 0

17,101

Non-Qualified Stock Option (right to buy)

$ 62.57

08/12/2005

1,741

02/12/2006

07/01/2007

Common Stock

1,741

$ 0

1,741

Non-Qualified Stock Option (right to buy)

$ 62.57

08/12/2005

7,504

02/12/2006

06/25/2009

Common Stock

7,504

$ 0

7,504

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	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		08/16/2005
^**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 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.

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