{
  "id": 15985866,
  "title": "Chevron chief legal officer R. Hewitt Pate sells $9.7m in stock",
  "url": "https://urgent.news/2026/10/22/chevron-chief-legal-officer-r-hewitt-pate-sells-9-7m-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T01:46:09.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/chevron-chief-legal-officer-r-hewitt-pate-sells-97m-in-stock-93CH-4964524"
  },
  "original_language": "en",
  "account": "Chevron's Chief Legal Officer, R. Hewitt Pate, recently sold approximately $9.77 million worth of company stock over the course of two days in mid-October 2026. The transactions took place under a pre-established trading plan and were completed at weighted-average prices ranging between $225.61 and $226.65 per share. This sale occurred as Chevron's stock was nearing its 52-week high of $228.48, following a strong year where the stock delivered a 51.5% total return. The sale was a result of exercising non-qualified stock options, which Pate acquired through a transaction granted on January 26, 2022. These options, with an exercise price of $132.69 per share, were worth around $5.72 million. Pate's total beneficial ownership of Chevron common stock includes shares held in a 401(k) plan, acquired through dividend reinvestment of vested restricted stock units, and indirectly through trusts. Despite these sales, Chevron has seen several analyst upgrades, with price targets raised to $250 by HSBC, $235 by UBS, and $234 by Mizuho.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}