BlackRock Updates Chevron Stake in SC 13G/A Filing
Ticker: CVX · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 93410
| Field | Detail |
|---|---|
| Company | Chevron CORP (CVX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, energy, passive-investing
TL;DR
**BlackRock just updated its Chevron holdings, signaling its current institutional stake.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Chevron Corporation's common stock as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures regarding their stake in the petroleum refining giant. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal shifts in their investment strategy or outlook on Chevron's future performance.
Why It Matters
This filing shows BlackRock's updated ownership position in Chevron, providing transparency on a significant institutional investor's stake, which can influence market perception.
Risk Assessment
Risk Level: low — This is a routine disclosure filing by a large institutional investor and does not inherently indicate a significant risk to the company or its stock.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder in Chevron, but this routine update doesn't provide new actionable insights beyond confirming their ongoing institutional interest.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A
- CHEVRON CORP (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 14 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the subject company whose securities are being reported in this filing?
The subject company is CHEVRON CORPORATION, identified by the CIK 0000093410 and CUSIP Number 166764100.
Who is the entity that filed this SC 13G/A?
The entity that filed this SC 13G/A is BlackRock Inc., with CIK 0001364742.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
What is the business address of BlackRock Inc. as stated in the filing?
BlackRock Inc.'s business address is 50 HUDSON YARDS, NEW YORK, NY 10001.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding CHEVRON CORP (CVX).