Bank of New York Mellon Corp Purchases 4,279,918 Shares of Chevron Corporation $CVX

Posted by ABMN Staff on Jan 28th, 2026

Bank of New York Mellon Corp raised its holdings in shares of Chevron Corporation (NYSE:CVX – Free Report) by 27.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,627,146 shares of the oil and gas company’s stock after purchasing an additional 4,279,918 shares during the quarter. Chevron makes up approximately 0.5% of Bank of New York Mellon Corp’s portfolio, making the stock its 24th largest holding. Bank of New York Mellon Corp’s holdings in Chevron were worth $3,047,900,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in Chevron in the 2nd quarter worth approximately $2,721,477,000. Laurel Wealth Advisors LLC lifted its position in shares of Chevron by 14,194.2% during the second quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company’s stock worth $532,984,000 after acquiring an additional 3,696,177 shares in the last quarter. Berkshire Hathaway Inc boosted its holdings in shares of Chevron by 2.9% in the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after acquiring an additional 3,454,258 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Chevron by 32.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,125,735 shares of the oil and gas company’s stock valued at $1,417,135,000 after purchasing an additional 2,218,283 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Chevron by 4.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock valued at $4,979,255,000 after purchasing an additional 1,342,723 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 0.9%

CVX opened at $169.03 on Wednesday. The business’s fifty day simple moving average is $155.08 and its 200 day simple moving average is $155.03. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $169.37. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The stock has a market cap of $340.35 billion, a PE ratio of 23.77, a P/E/G ratio of 11.83 and a beta of 0.70.

Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The firm had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.48 EPS. As a group, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the sale, the chief executive officer owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. The trade was a 95.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the transaction, the director owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 635,190 shares of company stock valued at $100,254,408. Company insiders own 0.20% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Board strengthening — Chevron added Thomas W. Horton, a former American Airlines CEO and partner at Global Infrastructure Partners, to its board and Audit Committee, boosting financial and governance expertise that can support investor confidence. Thomas W. Horton joins Chevron’s Board of Directors
Positive Sentiment: Exploration upside — Chevron-led JV reported a “significant” offshore oil discovery in Nigeria, which could add near- to medium-term production optionality and reserve value if developed. Chevron-led JV makes ‘significant’ oil discovery offshore Nigeria
Positive Sentiment: Libya re-entry — Chevron signed an MoU with Libya’s National Oil Corporation to explore oil and gas opportunities, reopening access to a market it has largely avoided for over a decade. That expands upstream growth avenues. Chevron Signs MoU With Libya’s NOC to Boost Oil and Gas Exploration
Neutral Sentiment: Near-term focus on earnings — Analysts and outlets are positioning around Chevron’s Q4 results due Jan. 30; commentary highlights steady cash generation but suggests limited near-term upside absent stronger commodity moves. That frames investor expectations. Here’s How to Play Chevron Stock Before Q4 Earnings Release
Neutral Sentiment: Positive media mention — Jim Cramer reiterated favor for Chevron as a consistent cash generator, a sentiment that can support retail interest but is not a material driver on its own. Jim Cramer on Chevron: “It’s been my favorite for a very long time because it’s so darn consistent”
Negative Sentiment: Deal risk on West Qurna-2 — Reuters reports Chevron is seeking improved commercial terms from Iraq before taking over Lukoil’s stake in the West Qurna-2 field. That negotiation could delay the asset transfer or reduce near-term upside if terms aren’t improved. Exclusive: Chevron seeks better terms from Iraq before taking over Lukoil oilfield, sources say
Negative Sentiment: Regulatory exposure — Chevron has ramped Venezuelan oil shipments while U.S. oversight tightens; that increases near-term compliance and political risk which could complicate volumes or timing. Chevron ramps up Venezuelan oil shipments as US tightens control

Analyst Ratings Changes

Several research analysts have commented on the company. Hsbc Global Res upgraded Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Piper Sandler cut their price objective on shares of Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Bank of America reduced their price objective on shares of Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Finally, Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $170.00.

Get Our Latest Stock Report on Chevron

About Chevron

(Free Report)

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.