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

                                    Form 8-K

                                 Current Report

     Pursuant to Section 13 of 15(d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): June 22, 1999


                               Chevron Corporation
             (Exact name of registrant as specified in its charter)

         Delaware                      1-368-2                  94-0890210
  --------------------------     ----------------------     -------------------
 (State or other jurisdiction   (Commission File Number)   (I.R.S. Employer No.)
     of incorporation )

    575 Market Street, San Francisco, CA                           94105
    --------------------------------------                        --------
   (Address of principal executive offices)                      (Zip Code)

       Registrant's telephone number, including area code: (415) 894-7700


                                      NONE
           -----------------------------------------------------------
          (Former name or former address, if changed since last report)

Item 5. Other Events.

         On June 22, 1999, Chevron Corporation issued a press release discussing
         the  company's  growth  strategies  and second  quarter  1999  earnings
         special items.


Item 7. Financial Statements and Exhibits.

         (c)   Exhibits.

               99.1     Press  Release  of  Chevron  Corporation  dated June 22,
                        1999,   entitled   "CHEVRON   CHAIRMAN   REVIEWS  GROWTH
                        STRATEGIES;  DISCUSSES  SECOND QUARTER  EARNINGS SPECIAL
                        ITEMS."


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                                    SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


Dated: June 22, 1999
                                               CHEVRON CORPORATION




                                       By      /s/ S.J. CROWE
                                               ----------------------------
                                               S. J. Crowe, Comptroller
                                              (Principal Accounting Officer and
                                                   Duly Authorized Officer)


                                                                  Exhibit 99.1



FOR IMMEDIATE RELEASE

                   CHEVRON CHAIRMAN REVIEWS GROWTH STRATEGIES;
                 DISCUSSES SECOND QUARTER EARNINGS SPECIAL ITEMS

         NEW YORK,  June 22 - Chevron  Corp.  Chairman  Ken Derr  today met with
security  analysts and  institutional  investors here to review Chevron's growth
strategies and recent developments.
         Derr indicated that the recently  completed steps in Chevron's  ongoing
strategic  planning  process have  reaffirmed the company's  ability to meet the
volume growth targets of 8 percent to 9 percent for international  liquids and 4
percent to 4.5 percent for worldwide production on an oil equivalent basis. This
growth  will be an  important  element in  Chevron's  ability to achieve  strong
long-term  earnings growth and a 12 percent return on capital employed that will
position Chevron to become No. 1 among its peers in Total Shareholder Return for
the period 1999 to 2003.
         He also  updated  analysts  on the  status  of the  $500  million  cost
reduction  efforts  announced  last December and indicated  confidence  that the
reductions would be achieved this year and sustained in future years.
         Achieving the savings will require personnel reductions, and associated
severance  costs on the order of $150 million will be recorded as a special item
charge against reported earnings in the second quarter.
         Derr also indicated  that the March 25 fire at the company's  Richmond,
Calif.,  refinery and several other refinery problems will reduce second quarter
operating earnings by approximately  $100 million,  some of which will be offset
by business  interruption  insurance  in later  quarters.  All of the West Coast
units are now  operating  with the  exception  of the fire  damaged  unit at the
Richmond refinery.

                                                       # # #
6/22/99

Contacts:         Jan Golon, New York                     --    (212) 424-2130
                  Mike Libbey, San Francisco              --    (415) 894-4440