Pate R. Hewitt

CLO Pate R. Hewitt sold 40,200 CVX shares for $8.6M on 2026-03-30, reducing holdings by 82.3%

Pate R. Hewitt, Chief Legal Officer of Chevron Corp, executed a substantial open-market sale of 40,200 shares at $213.30 on 2026-03-30, leaving him with only 8,638 shares post-transaction. This represents a -82.3% reduction of his pre-transaction holdings, signaling a dramatic shift in his equity stake. The sale occurred within a context of strong recent stock performance: CVX traded at $197.41 currently (6.5% below the 52-week high of $211.15), and has risen 4.1% in the past 30 days and 29.5% in the past 90 days. His prior trades at CVX (5 within the measurable history) show mixed near-term outcomes on the sell side: the most recent prior sale on 2026-03-06 has no measurable outcome yet, while four earlier March sales posted 30-day returns of +4.0% to +12.8%. The timing pattern across these earlier sells offers limited foresight—no 90-day outcomes are yet measurable for any prior CVX trades. The company's fundamentals show strength in absolute terms (revenue $49.7B, net income $3.5B), but a concerning annual revenue decline of -6.8% and an elevated P/E of 53.21 warrant investor attention to whether operational headwinds justify the CLO's substantial de-risking of his personal equity position.

Chief Legal Officer Pate R. Hewitt sold 47,200 shares of CVX at $192.12 for $9.1M, reducing holdings by 84.7% to 8.6K shares.

Pate R. Hewitt, Chief Legal Officer of Chevron, executed a substantial sale of 47,200 shares at $192.12 on 2026-03-06, representing an 84.7% reduction in his documented holdings. The transaction came during a period of solid stock momentum (90-day change: +23.0%), and notably followed a rapid sequence of five prior sales at the same ticker within the preceding week (2026-02-27 through 2026-03-02). This concentrated liquidation pattern, combined with the steep reduction in personal shareholding, contrasts with CVX's strong recent price action and flat annual revenue growth of -6.8%. His cross-ticker track record shows 8 prior open-market sells with an average 30-day return of +5.9%, though outcomes on his recent CVX transactions are not yet measurable. The magnitude and timing of this multi-week divestiture warrant attention given the insider's senior role and the unusual concentration of sales activity within a compressed timeframe.

CVX CFO Pate R. Hewitt sells 93,475 shares for $17.5M across 7 transactions in late Feb–early Mar 2026, reducing holdings by 91.6%

Pate R. Hewitt, Chief Legal Officer of Chevron, executed 7 separate sales totaling 93,475 shares for $17,542,417.61 over two trading days (Feb 27 and Mar 2), at prices ranging from $184.29 to $189.84 and a blended average of $187.67. This sale reduces his holdings from 102,033 shares to 8,558 shares, a 91.6% reduction in equity stake. The stock is currently trading at $188.77, approximately 0.4% below its 52-week high of $189.60, and has advanced 6.7% over the past 30 days and 24.5% over 90 days. The transaction occurred while CVX trades at a P/E of 50.88 with annual revenue growth of -6.8%, providing context on valuation and momentum. The magnitude of the stake reduction—from substantial holdings to minimal residual position—represents a material shift in the insider's financial exposure to the company.

CVX Chief Legal Officer Pate R. Hewitt sold 41,134 shares at $176.40 on 2026-01-30, reducing holdings by 88.1% to 5,574 shares.

Pate R. Hewitt sold 41,134 shares (41.1K shares) of Chevron at $176.40, representing a reduction of -88.1% vs pre-transaction holdings and leaving him with only 5,574 shares (5.6K shares). The transaction occurred near the 52-week high of $178.04, with the stock up 14.2% over 30 days and 16.6% over 90 days, suggesting the sale executed during recent strength. The substantial shrinkage of his equity position from 46,708 shares to 5,574 shares warrants investor attention regarding the Chief Legal Officer's reduced financial alignment with the company, particularly given Chevron's $358.5B market capitalization and relatively elevated P/E of 28.08 against modest annual revenue growth of 0.9%.