Form 10-K

☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2010

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 001-00368

Chevron Corporation

(Exact name of registrant as specified in its charter)


Delaware	94-0890210	6001 Bollinger Canyon Road, San Ramon, California 94583-2324

(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)	(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (925) 842-1000

Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class		Name of Each Exchange on Which Registered
Common stock, par value $.75 per share		New York Stock Exchange, Inc.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes ☑ No o

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes o No ☑

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes ☑ No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☑ No o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer ☑		Accelerated filer o		Non-accelerated filer o (Do not check if a smaller reporting company)		Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No ☑

Aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter - $136,438,881,628 (As of June 30, 2010)

Number of Shares of Common Stock outstanding as of February 18, 2011 - 2,007,449,583

DOCUMENTS INCORPORATED BY REFERENCE

(To The Extent Indicated Herein)

Notice of the 2011 Annual Meeting and 2011 Proxy Statement, to be filed pursuant to Rule 14a-6(b) under the Securities Exchange Act of 1934, in connection with the company's 2011 Annual Meeting of Stockholders (in Part III)

TABLE OF CONTENTS


Item			Page No.

PART I
	1.	Business		3
		(a) General Development of Business		3
		(b) Description of Business and Properties		4
		Capital and Exploratory Expenditures		4
		Upstream		4
		Net Production of Crude Oil and Natural Gas Liquids and Natural Gas		5
		Average Sales Prices and Production Costs per Unit of Production		6
		Gross and Net Productive Wells		6
		Reserves		6
		Acreage		7
		Delivery Commitments		8
		Development Activities		8
		Exploration Activities		9
		Review of Ongoing Exploration and Production Activities in Key Areas		9
		Sales of Natural Gas and Natural Gas Liquids		24
		Downstream		25
		Refining Operations		25
		Marketing Operations		26
		Chemicals Operations		27
		Transportation		28
		Other Businesses		29
		Mining		29
		Power Generation		30
		Chevron Energy Solutions		30
		Research and Technology		30
		Environmental Protection		30
		Web Site Access to SEC Reports		31
	1A.	Risk Factors		32
	1B.	Unresolved Staff Comments		34
	2.	Properties		34
	3.	Legal Proceedings		34

PART II
	5.	Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities		37
	6.	Selected Financial Data		37
	7.	Management's Discussion and Analysis of Financial Condition and Results of Operations		37
	7A.	Quantitative and Qualitative Disclosures About Market Risk		37
	8.	Financial Statements and Supplementary Data		37
	9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure		37
	9A.	Controls and Procedures		38
		(a) Evaluation of Disclosure Controls and Procedures		38
		(b) Management's Report on Internal Control Over Financial Reporting		38
		(c) Changes in Internal Control Over Financial Reporting		38
	9B.	Other Information		38

PART III
	10.	Directors, Executive Officers and Corporate Governance		39
	11.	Executive Compensation		40
	12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Chevron Corp (CVX) SEC Annual Report (10-K) for 2010

Form 10-K

Chevron Corporation