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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 12/31/98
Institutional Investment Manager:
PENNZENERGY COMPANY
PENNZOIL PLACE
P.O. BOX 4616
HOUSTON TX 77210-4616
I represent that I am authorized to submit this form and that all
information in this form and the attachments to it is true, correct, and
complete and I understand that all required items, statements, and
schedules are integral parts of this form and that the submission of any
amendment represents that all unamended items, statements, and
schedules remain true, correct and complete as previously submitted.
I am signing this report as required by the Securities Exchange Act of 1934.
Name, Title and Telephone Number of Person Submitting Report:
LINDA L. MEAGHER CORPORATE SECRETARY (713) 546-8955
Signature, Place and Date of Signing:
/s/ LINDA L. MEAGHER HOUSTON TX 01/27/99
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VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
Chevron Corporation Common Stock 166751107 588228 7092429 SH Sole
REPORT SUMMARY 1 DATA RECORDS 588228 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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