A senior Chevron executive has sold a portion of his holdings in the energy giant. The transaction involved Andrew Benjamin Walz, who serves as President of a division within the company. Moves by corporate insiders to buy or sell shares often provide a glimpse into how leadership views their personal financial exposure to the firm’s stock.
Transaction Details: Volume and Value
The sale was executed on February 12. Walz disposed of 666 common shares in Chevron at a price of $183.40 per share. This brought the total value of the transaction to approximately $122,144.
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Remaining Holdings Post-Sale
Despite this divestment, Walz maintains a significant position in Chevron equity. His direct holdings now amount to 1,463 shares. Furthermore, he holds an additional 8,802 shares indirectly through a 401(k) retirement plan.
Corporate Developments and Strategic Moves
This insider activity occurs alongside recent international operational announcements from Chevron. The company has entered the Libyan market, securing a new block in the Sirte Basin. In a separate development, Chevron finalized a substantial contract with Subsea 7 for work in the Eastern Mediterranean, marking a planned expansion of offshore operations in the region.
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