Two insiders at Chevron Corp. (CVX) sold a significant number of shares recently, totaling approximately $23.57 million. Mark A. Nelson, Vice Chairman, executed two transactions on November 10, 2026, selling a combined 112,000 shares for roughly $23.57 million.
These sales come amid other recent insider selling activity at the energy giant. Earlier in November, another insider, Jeff B. Gustavson, sold approximately $5.64 million worth of shares. In October, R. Hewitt Pate also sold shares in multiple transactions, amounting to over $9.76 million.
While insider selling can be attributed to various personal financial decisions such as diversification or tax planning, multiple sales by executives can sometimes draw investor attention.