Chevron insider John B. Hess sold 117,836 shares in an open-market transaction on May 20, 2026, for about $22.57 million at $191.52 per share. By dollar value, this is a sizable sale and stands out as one of the larger single insider transactions recently disclosed at the company. Hess is listed as an insider, meaning he is a company executive, director, or significant shareholder with access to non-public information and therefore must report trades. Large sales like this can draw investor attention because they reduce the insider’s exposure to the stock, though sales can occur for many personal reasons such as diversification, taxes, or liquidity needs. This trade also follows another sale by Hess earlier in the month: on May 6, 2026, he sold 28,031 shares for roughly $5.15 million at $183.90 per share. The back-to-back sales suggest a pattern of trimming over a short period. Beyond Hess, Chevron has also reported notable insider selling earlier in the year from senior leaders including Chief Legal Officer R. Hewitt Pate and Chairman and CEO Michael K. Wirth, indicating that selling has not been isolated to a single insider.