Jeff B. Gustavson, President of New Energies at Chevron Corp, recently filed a Form 4 with the SEC, detailing multiple stock transactions that occurred on November 2, 2026. This filing is significant as it highlights the ongoing adjustments in executive compensation and stock options within the company.

Gustavson's report indicates that he acquired a total of 24,439 shares of Chevron common stock at prices ranging from $110.37 to $230.70. Following these transactions, he now holds 3 shares indirectly through a 401(k) plan, while the total shares owned directly after the transactions amount to 38,818.

Background

Chevron Corp, identified by its CIK number 0000093410, operates in the petroleum refining sector, classified under the SIC code 2911. The company is a major player in the energy industry, focusing on oil and gas production and refining. Recently, Chevron has been adapting to market changes and evolving energy demands, which is reflected in its executive compensation strategies.

What the Filing Says

The SEC filing reveals that Gustavson executed several transactions, including:

  • Acquisition of 8,839 shares at $113.01 each.
  • Acquisition of 15,600 shares at $110.37 each.
  • Sale of 24,439 shares at a weighted average price of $230.70.

These transactions illustrate a strategic management of stock holdings, as he adjusts his ownership stake in response to the company's performance and compensation structure.

Impact

Gustavson's transactions may influence perceptions of executive compensation within Chevron and the broader petroleum refining industry. As executives navigate stock options and market conditions, their actions can impact investor confidence and corporate governance standards.

What's Next

The filing does not say what happens next.