Jeff B. Gustavson, President of New Energies at Chevron Corporation (CVX), executed a sale of 24,439 shares on November 4, 2026. The transaction, valued at approximately $5.64 million, occurred at an average price of $230.71 per share.
This sale follows a pattern of recent insider selling activity at Chevron. Over the past few months, other executives, including R. Hewitt Pate and Andrew Benjamin Walz, have also divested shares.
Insider sales can be motivated by a range of factors, such as personal financial planning, tax considerations, or diversification strategies, and do not necessarily indicate a negative view of the company's future prospects.