Chevron CEO Michael Wirth Files to Sell $63.6M in Stock
CVX sits 37% above its 52-week low of $146.49.
Summary
Chevron CEO Michael Wirth filed to sell 317,100 shares worth about $63.6 million, acquired via option exercise on the same day.
Key Events · Ownership and Investor Activity · CVX
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CEO Files to Sell $63.6M in Stock
Michael Wirth filed a Form 144 to sell 317,100 shares with an approximate market value of $63,566,849.01.
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Shares Acquired via Option Exercise
The shares were acquired on 08/14/2026 through the exercise of options under a registered plan, with cash payment.
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Recent Insider Selling Pattern
This filing follows $157.4 million in open-market insider sales over the past 90 days, indicating ongoing distribution by insiders.
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No Change in Fundamentals
The sale does not alter Chevron's strong financial position, with Q2 2026 net income of $12.1 billion and record U.S. production.
Analysis · CVX · Energy & Transportation
CEO Michael Wirth has filed a Form 144 to sell 317,100 shares worth approximately $63.6 million. The shares were acquired the same day through an option exercise under a registered plan. While the sale is significant in dollar terms, it represents a small fraction of Chevron's market capitalization and is part of a pattern of insider selling over the past 90 days. The filing does not indicate a change in company fundamentals, and the sale may be part of a pre-arranged diversification or tax planning strategy.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.8% of the 1640 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CVX was trading at $200.02 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $395.2B. The 52-week trading range was $146.49 to $214.71. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.