GUSTAVSON JEFF B sold $5.6M of CVX
GUSTAVSON JEFF B (President, New Energies) sold 24,439 shares of CHEVRON CORP (CVX) at $230.71 ($5.64M total) on 2026-11-02.
CHEVRON CORP
Chevron manages investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to businesses that conduct integrated energy and chemicals operations. Its activities span North America, South America, Europe, Africa, Asia and Australia. Upstream operations include exploring for, developing, producing and transporting crude oil and natural gas, as well as liquefied natural gas, carbon capture and storage, and gas-to-liquids. Downstream operations include refining and marketing petroleum products, lubricants and renewable fuels, transporting crude oil and refined products, and manufacturing and marketing petrochemicals, plastics and additives. Chevron serves industrial and individual consumers with energy, fuels and chemicals. It makes money through the production and sale of crude oil, natural gas and natural gas liquids, and through refining, marketing, transportation and manufacturing activities. Chevron is headquartered in Houston, Texas.
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GUSTAVSON JEFF B (President, New Energies) sold 24,439 shares of CHEVRON CORP (CVX) at $230.71 ($5.64M total) on 2026-11-02.
Chevron (CVX) shares fell 2.83% to $218.89 on November 4, despite a 183% year-over-year increase in Q3 profit to $9.924B. Refining contributed 59.4% of the annual profit growth. Operating cash flow declined 29.2% from the prior quarter to $16B. The company's GF Score is 65/100, with a P/E ratio of 16.01.
Oil stocks Chevron (CVX), Marathon (MPC), and Exxon Mobil (XOM) fell on Wednesday after Democrats gained control of the U.S. Senate in midterm elections. CVX dropped 4.43%, MPC fell 10.6%, and XOM decreased 5.43%. Analysts rate CVX as Strong Buy, MPC and XOM as Moderate Buy, with MPC having the highest upside potential at 19.58%.
Over the past 7 days, AlphAI's AI scored 201 news stories mentioning CVX (CHEVRON CORP). Coverage has skewed bullish: 155 bullish, 32 neutral, and 14 bearish.
Recent CVX coverage spans financial news, insider activity and earnings.
In the last 30 days, CVX insiders filed 3 SEC Form 4 transactions — no purchases and 3 sales ($15.4M). The most active reporter was Pate R. Hewitt, Chief Legal Officer, with 2 filings. 67% of those filings were made under pre-arranged Rule 10b5-1 plans.
Insider sale by a senior executive may signal reduced confidence and could weigh on the stock.
Shares slipped despite a strong earnings beat, reflecting concerns over weaker cash flow and downstream margins.
Downward pressure on CVX as Democratic Senate may block favorable legislation for oil sector.
The ruling extends Chevron’s exposure to climate-related deception claims, sustaining a risk premium until the case narrows or resolves.
CVX likely trades with crude weakness, with limited offset unless the refining benefit dominates.
AlphAI scores every news story that mentions CVX with an AI model for sentiment and relevance, and aggregates insider trades from CHEVRON CORP's SEC EDGAR Form 4 filings. Figures refresh continuously.
GUSTAVSON JEFF B (President, New Energies) sold 24,439 shares of CHEVRON CORP (CVX) at $230.71 ($5.64M total) on 2026-11-02.
Chevron (CVX) shares fell 2.83% to $218.89 on November 4, despite a 183% year-over-year increase in Q3 profit to $9.924B. Refining contributed 59.4% of the annual profit growth. Operating cash flow declined 29.2% from the prior quarter to $16B. The company's GF Score is 65/100, with a P/E ratio of 16.01.
Oil stocks Chevron (CVX), Marathon (MPC), and Exxon Mobil (XOM) fell on Wednesday after Democrats gained control of the U.S. Senate in midterm elections. CVX dropped 4.43%, MPC fell 10.6%, and XOM decreased 5.43%. Analysts rate CVX as Strong Buy, MPC and XOM as Moderate Buy, with MPC having the highest upside potential at 19.58%.
Multnomah County, Oregon, can proceed with a 2023 lawsuit against Exxon Mobil and Chevron, alleging deception about climate change impacts. The county seeks over $51 billion in damages, according to the court filing.
Djeno crude sold at $25 under Dated Brent, with physical oil prices weakening. USO rose 0.82% to $158.15, while Exxon (XOM) and Chevron (CVX) fell. Goldman Sachs notes a war-risk premium in futures. Saudi Arabia and others increased exports, pushing Dubai into contango. January Brent settled at $103.60, down 1.1%.
Exxon Mobil (XOM) raised its dividend for the 44th year, increasing it by 4% to $1.07 per share. Chevron (CVX), AbbVie (ABBV), and ONEOK (OKE) also raised their dividends. All four companies reported strong free cash flow and analyst support. Exxon's dividend yield is 2.35%, Chevron's is 2.87%, AbbVie's is 2.28%, and ONEOK's is 4.46%.
State Street Energy Select Sector SPDR ETF (XLE) saw $171.3M net outflow on Nov. 2, reducing all 21 holdings. Top sells: Exxon (XOM) $41.7M, Chevron (CVX) $31.7M, ConocoPhillips (COP) $12.4M. XOM remains largest holding at 24.36%. XLE has 0.08% expense ratio, 2.28% dividend yield, 52.1% YTD return.
Egypt's LNG import costs have doubled due to the Iran war, with the country deferring cargoes and using fuel oil. Domestic gas output fell to 3.63 bcf/d in August. Shell, Eni, BP, and Chevron are involved in exploration and production projects. Egypt aims to increase domestic gas output and renewables capacity.
Brent crude fell 8% to $104.77 on Nov. 2 after Iran signaled openness to peace talks. PIMCO CEO Manny Roman predicts a full peace deal would cut oil prices by 40%, impacting ExxonMobil (XOM) and Chevron (CVX). Analysts expect Exxon's 2026 earnings to nearly double 2025 levels, while Chevron's free cash flow has surged. Both stocks are up 45% this year due to war-driven oil price spikes.
Iraq and Chevron agreed on major terms for the West Qurna 2 oil field development, aiming to finalize the contract by year-end 2026. They also plan to discuss the Nasiriyah oil field and four exploration blocks, potentially expanding Chevron's role in Iraq's energy sector. Both parties expressed commitment to long-term collaboration and overcoming investment barriers. The agreement comes as Iraq seeks to deepen ties with Western oil companies amid export challenges.