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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 		 
OMB APPROVAL
OMB Number: 3235-0287
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hours per response: 0.5
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 CA 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)
Code V Amount (A) or (D) Price
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
POWER OF ATTORNEY

The undersigned hereby constitutes and appoints each of LYDIA I. BEEBE,
CHRISTOPHER A. BUTNER, PATRICIA L. TAI, and WALKER C. TAYLOR, signing
singly, the undersigned's true and lawful attorney-in-fact to:

1. Execute for and on behalf of the undersigned, in the undersigned's capacity
as an officer and/or director of Chevron Corporation, a Delaware corporation
(the "Corporation"), Forms 3, 4, and 5 in accordance with Section 16(a) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules
thereunder;

2. Do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4, or 5,
and timely file such form with the United States Securities and Exchange
Commission and any stock exchange or similar authority; and

3. Take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit to,
in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of
the undersigned pursuant to this Power of Attorney shall be in such form and
shall contain such terms and conditions as such attorney-in-fact may approve
in such attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and
powers herein granted, as fully to all intents and purposes as the undersigned
might or could do if personally present, with full power of substitution or
revocation, hereby ratifying and confirming all that such attorney-in-fact, or
such attorney-in-fact's substitute or substitutes, shall lawfully do or cause
to be done by virtue of this power of attorney and the rights and powers
herein granted.  The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Corporation assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to
the undersigned's holdings of and transactions in securities issued by the
Corporation, unless earlier revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has hereunto set his or her hand this
10th day of August, 2005.


/s/ JOHN E. BETHANCOURT
John E. Bethancourt, Executive Vice President