CFO Bonner sold 45,800 shares ($8.6M) across 5 trades Feb 27–Mar 2, reducing holdings 84.5%
Eimear P. Bonner, Chevron's Chief Financial Officer, executed 5 separate sales totaling 45,800 shares for $8,600,514.75 between February 27 and March 2, 2026, at prices ranging from $184.28 to $190.60, with a blended average price of $187.78. This sale reduced his holdings from 54,227 shares to 8,427 shares, a -84.5% reduction in his open-market stake. The magnitude and concentration of this transaction stands out given the CFO's fiduciary responsibility, though his prior three sales at CVX have each shown positive 30-day returns (+6.7%, +9.9%, +9.8%), suggesting his recent sales have been followed by continued strength; the current price of $188.77 sits -0.4% from the 52-week high, consistent with the post-sale upward drift. At a P/E of 50.88 against annual revenue growth of -6.8%, the company's valuation backdrop warrants investor scrutiny of whether large insider reductions reflect structural headwinds or routine portfolio management.