NELSON MARK A

CVX Vice Chairman Nelson sold 139,600 shares for $26.2M, retaining only 11.3K; largest single-day disposal on record

Nelson Mark A, Vice Chairman of Chevron, executed 2 separate sales totaling 139,600 shares for $26,233,774.98 on March 2, 2026, at prices of $188.11 and $187.76 respectively. This transaction reduced his holdings by 92.5%, leaving him with only 11,337 shares post-transaction compared to 150,937 shares held before the sale. The scale of this disposal—liquidating over nine-tenths of his position in a single day at prices just below the 52-week high of $189.60—stands out against his prior CVX trade history, where his 2 recent February 2026 sales showed 30-day returns of +6.7% and +6.9%. The stock's current price of $186.03 sits -1.9% from its 52-week high, while the company reports a P/E of 50.14 against annual revenue growth of -6.8%, indicating both elevated valuation multiples and deteriorating top-line performance.

VP Nelson sold 45,800 CVX shares for $7,976,843.88 (blended avg $174.17), reducing holdings 86.5% to 7.2K shares.

Mark Nelson, Vice Chairman of Chevron, executed 2 separate sales totaling 45,800 shares on 2026-02-02, generating $7,976,843.88 in proceeds at a blended average price of $174.17. This represents a substantial reduction of 86.5% in his post-transaction holdings, leaving him with only 7,161 shares from a pre-transaction position of 52,961 shares. The sales occurred near the 52-week high of $178.04, with the stock having appreciated 14.2% over the prior 30 days and 16.6% over 90 days, placing the transaction prices within 0.7% of the current market price. For a company with $358.5B market cap, $49.7B quarterly revenue, and a P/E of 28.08, a near-complete liquidation by a senior executive—rather than a partial position adjustment—merits scrutiny as a shift in personal wealth positioning or portfolio reallocation.