R. Hewitt Pate, Chief Legal Officer at Chevron Corporation (CVX), engaged in a significant stock sale on April 1, 2026. Pate divested 40,200 shares of CVX at an average price of $213.30 per share, realizing approximately $8.57 million from the transaction.
This sale follows a pattern of recent stock sales by Pate, including transactions on March 30, March 6, and March 2 of 2026. Notably, Michael K. Wirth, Chairman and CEO, also made a substantial sale of CVX shares on March 2, 2026.
Insider sales can be attributed to various personal financial decisions, such as portfolio diversification or tax planning, and do not necessarily indicate a change in the insider's or company's fundamental outlook.