Insider trade

Director sold ~$22.6M of CVX shares in the open market

Traded May 20, 2026 · Filed May 22, 2026

ChevronCVX

~$22.6M
Reported value · 118K sh @ $191.5195: 540K
Holds after · shares reported: +8.2%
stock since the trade · S&P 500 +3.1%, $191.33 → $207.10 on Oct 1

Why it stands out

A board member of Chevron sold $22.6M of Chevron shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: May 20, 2026
Reporting period: Not applicable
Filed with the SEC: May 22, 2026

DirectorIndirect holding$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$22,567,892

Shares × reported transaction price

Timing vs results

19 days after results of May 1, 2026, 72 days before results of Jul 31, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $191.33 on May 20, 2026, 41% above its 52-week low and 9% below its high, little changed over the previous 30 trading days

52-week range $135.29 (May 22, 2025) to $211.15 (Mar 27, 2026), 74% of the way up, from 251 adjusted closes. 30 trading days earlier: $192.89 on Apr 8, 2026. Describes the past only, not a forecast

Layoff notice nearby

A WARN layoff notice covering 180 workers was filed in California on July 1, 2026.

From the official state WARN list, 42 days after the trade. Shown for timing only; the two filings are separate

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+1.5%	+1.2%	+0.3%
30 days	-6.8%	-2.2%	-4.6%
90 days	+9.9%	+1.7%	+8.2%

Past results only. Not a forecast.

Source receipt

Record ID: 0000093410-26-000121
Filed / recorded: May 22, 2026, 8:40 PM UTC
Added to OQRO: Oct 2, 2026, 3:52 AM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: CHEVRON CORP
Issuer CIK: 93410
Ticker: CVX
Reporting person: John B Hess
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: May 20, 2026
Transaction code: S
Shares / units: 117,836
Price per share: $191.5195
Acquired / disposed: Disposed (D)
Shares owned after: 540,209
Ownership form: Indirect — By Trust
Amendment: No

Footnotes from the filing

These shares were sold in multiple transactions at prices ranging from $191.30 to $192.295, inclusive. The price reported in Column 4 reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnotes (3) through (8) to this Form 4.
Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.