SCHEDULE: State Street Discloses 7.5% Stake in Chevron Corp

State Street Corporation has reported a 7.5% beneficial ownership stake in Chevron Corp's common stock as of September 30, 2025.

Summary

• State Street Corporation, a Massachusetts-based entity, has filed a Schedule 13G indicating beneficial ownership of Chevron Corp's common stock.
• As of September 30, 2025, State Street Corporation beneficially owns an aggregate of 152,617,711 shares of Chevron Corp common stock.
• This ownership represents 7.5% of the total class of Chevron Corp's common stock.
• State Street Corporation holds shared voting power over 86,758,881 shares and shared dispositive power over 152,605,988 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Chevron Corp.
• State Street Corporation is classified as a parent holding company, with several subsidiaries identified as acquiring entities, including SSGA Funds Management, Inc. and State Street Bank and Trust Company.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by a passive institutional investor and does not contain information that would significantly alter the sentiment towards Chevron Corp.

Positives

• The disclosure of a significant 7.5% stake by a major institutional investor like State Street Corporation can be viewed as a vote of confidence in Chevron Corp's long-term value and stability.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Chevron Corp's operational or financial performance.

Management Comments

• Elizabeth Schaefer, Senior Vice President and Chief Accounting Officer of State Street Corporation, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Industry Context

This filing is a routine disclosure for large institutional asset managers like State Street Corporation, which manage vast portfolios across numerous public companies. Their holdings in major energy companies like Chevron Corp reflect their broad market exposure and passive investment strategies, rather than specific strategic moves related to the energy sector's trends.

Stakeholder Impact

• Shareholders of Chevron Corp may view the significant stake held by a major institutional investor like State Street Corporation as a positive indicator of institutional confidence in the company.

Key Dates

Keywords

Chevron, State Street, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Energy Sector, Passive Investment