Chevron Corporation officer Jeff B Gustavson filed a Form 144 notice on November 2, 2026, disclosing a proposed sale of 24,439 shares of Chevron common stock on NYSE, acquired through the exercise of stock options under a registered plan.

Key Highlights

  • Proposed sale: Jeff B Gustavson, an officer of Chevron Corporation, intends to sell 24,439 shares of common stock.
  • Aggregate market value: The proposed sale carries an aggregate market value of $5,638,275.26, according to the filing.
  • Source of shares: The shares were acquired on November 2, 2026, through two separate exercises of options under a registered plan - 8,839 shares in one transaction and 15,600 shares in another, both from the issuer and both paid in cash.
  • Approximate sale date: The filing lists November 2, 2026 as the approximate date of sale, with Morgan Stanley Smith Barney LLC Executive Financial Services named as the broker.
  • Shares outstanding: The filing states 1,975,771,274 shares of Chevron common stock outstanding at the time of the notice.
  • Prior sales: The filing discloses a prior sale of 14,044 shares on August 11, 2026, with gross proceeds of $2,737,866.56, within the past three months.

Chevron Officer Gustavson Discloses Option-Sourced Share Sale Notice

According to the Form 144 filed with the U.S. Securities and Exchange Commission on November 2, 2026, Jeff B Gustavson, identified in the filing as an officer of Chevron Corporation (NYSE:CVX), provided notice of a proposed sale of 24,439 shares of the company's common stock. The filing lists Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, as the named broker for the transaction.

The filing states that the shares were acquired on November 2, 2026, through two exercises of options under a registered plan, with the issuer named as the person from whom the securities were acquired. The first exercise involved 8,839 shares and the second involved 15,600 shares, with both transactions paid in cash on November 2, 2026. The combined proposed sale of 24,439 shares carries an aggregate market value of $5,638,275.26, as reported in the filing.

In disclosing sales during the past three months, the filing reports that Gustavson sold 14,044 shares of Chevron common stock on August 11, 2026, for gross proceeds of $2,737,866.56. By signing the notice, Gustavson represented, as stated in the filing's standard attestation, that he "does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed."

What Was Disclosed

Chevron officer Jeff B Gustavson filed a Form 144 notice disclosing the proposed sale of 24,439 shares of common stock with an aggregate market value of $5,638,275.26, acquired via option exercises on November 2, 2026, and one prior sale in the past three months.