On January 28, Chevron’s chief financial officer sold 7,534 shares of company stock in a SEC-filed transaction that generated proceeds of approximately $1.28 million. Following the sale, Bonner’s direct ownership fell to 4,366 shares, representing a 63.3% reduction in her stake. The remaining holdings are valued at roughly $742,220 based on the company’s latest reported valuation metrics.

In its fourth-quarter report, Chevron delivered adjusted earnings per share of $1.52, beating the analyst consensus by $0.08. Quarterly revenue of $45.79 billion fell short of the consensus estimate by $2.39 billion, reflecting a 10.2% year-over-year decline. The company posted a net margin of 6.57% and a return on equity of 8.74%, while analysts project full-year earnings per share of 10.79 for the current fiscal year.

Chevron declared a quarterly dividend of $1.78 per share, up from $1.71, marking a 4.1% increase. This raises the annualized payout to $7.12 per share and sustains a yield of 4.0%. With a payout ratio at 96.2%, the company emphasized its commitment to returning cash to shareholders, pointing out that dividends and share repurchases have exceeded $100 billion over the last four years.

During the recent earnings call, management highlighted record global and U.S. production, driven by the Tengiz Future Growth Project—adding 260,000 barrels of oil per day—and ramp-ups at Ballymore, Whale and Anchor in the Gulf of Mexico. Chevron reached 1.0 million boe/d in the Permian and closed the Hess acquisition, enhancing cash margins. For 2026, the company forecasts 7%–10% production growth, expands its cost-saving target to $3–4 billion, and expects free cash flow to benefit from project startups and efficiency gains.