State Street Corp Updates Passive Stake in Chevron

TL;DR

**State Street still owns Chevron shares, no big changes here.**

AI Summary

State Street Corp, a major financial institution, filed an amended Schedule 13G/A on January 25, 2024, indicating its ownership of Chevron Corp's common stock as of December 31, 2023. This filing is a routine update from a large institutional investor, showing their continued passive stake in the oil giant. For investors, this signals that a significant institutional player maintains its position, which can be a vote of confidence in Chevron's long-term stability, though it doesn't suggest any new strategic moves.

Why It Matters

This filing confirms State Street Corp's ongoing, passive investment in Chevron, providing transparency into institutional ownership and potentially reinforcing investor confidence in the stock.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any significant change in investment strategy or risk for Chevron.

Analyst Insight

This filing is a routine disclosure of institutional ownership and doesn't suggest any immediate action. Investors should view it as confirmation of existing institutional interest rather than a signal for buying or selling.

Key Numbers

• 166764100 — CUSIP Number (Identifies Chevron Corp's Common Stock)

Key Players & Entities

• State Street Corp (company) — filer of the SC 13G/A
• Chevron Corp (company) — subject company whose stock is owned
• January 25, 2024 (date) — date the SC 13G/A was filed
• December 31, 2023 (date) — date of the event requiring the filing
• 166764100 (number) — CUSIP number for Chevron Corp common stock

Forward-Looking Statements

• State Street Corp will maintain a significant, passive ownership stake in Chevron Corp. (State Street Corp) — high confidence, target: Next 12 months

FAQ

From the Filing

0000093751-24-000260.txt : 20240125 0000093751-24-000260.hdr.sgml : 20240125 20240125145251 ACCESSION NUMBER: 0000093751-24-000260 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHEVRON CORP CENTRAL INDEX KEY: 0000093410 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 940890210 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40557 FILM NUMBER: 24561564 BUSINESS ADDRESS: STREET 1: 6001 BOLLINGER CANYON ROAD CITY: SAN RAMON STATE: CA ZIP: 94583 BUSINESS PHONE: 925-842-1000 MAIL ADDRESS: STREET 1: 6001 BOLLINGER CANYON ROAD CITY: SAN RAMON STATE: CA ZIP: 94583 FORMER COMPANY: FORMER CONFORMED NAME: CHEVRONTEXACO CORP DATE OF NAME CHANGE: 20011009 FORMER COMPANY: FORMER CONFORMED NAME: CHEVRON CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: STANDARD OIL CO OF CALIFORNIA DATE OF NAME CHANGE: 19840705 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP CENTRAL INDEX KEY: 0000093751 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 042456637 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 BUSINESS PHONE: 617 786-3000 MAIL ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET Corp DATE OF NAME CHANGE: 20090218 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET CORP DATE OF NAME CHANGE: 19970424 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET BOSTON FINANCIAL CORP DATE OF NAME CHANGE: 19780525 SC 13G/A 1 Chevron_Corp.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING CHEVRON CORP (NAME OF ISSUER) COMMON STOCK (TITLE OF CLASS OF SECURITIES) 166764100 (CUSIP NUMBER) 12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: (X) RULE 13D-1 (B) ( ) RULE 13D-1 (C) ( ) RULE 13D-1 (D) *THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING PERSON`S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH WOULD ALTER THE DISCLOSURES PROVIDED IN A PRIOR COVER PAGE. THE INFORMATION REQUIRED IN THE REMAINDER OF THIS COVER PAGE SHALL NOT BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934 ("ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS OF THE ACT (HOWEVER, SEE THE NOTES). CUSIP NO:166764100 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON: STATE STREET CORPORATION I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON: 04-2456637 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP NOT APPLICABLE 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION BOSTON, MASSACHUSETTS 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 92,725,456 7. SOLE DISPOSITIVE POWER 0 SHARES 8. SHARED DISPOSITIVE POWER 124,532,696 9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 124,594,421 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES NOT APPLICABLE 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.60% 12. TYPE OF REPORTING PERSON HC CUSIP NO: 166764100 13G Page 3 of 5 Pages ITEM 1. (A) NAME OF ISSUER CHEVRON CORP (B) ADDRESS OF ISSUER`S PRINCIPAL EXECUTIVE OFFICES 6001 BOLLINGER CANYON ROAD SAN RAMON CA 94583 UNITED STATES ITEM 2. (A) NAME OF PERSON FILING STATE STREET CORPORATION (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE STATE ST