What smart money is saying about Chevron
2 funds in our archive have pitched Chevron — most recently Aristotle Value Equity Strategy in September 2026.
Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide. The company's business is organized into two primary divisions: Upstream and Downstream. The Upstream segment focuses on the full lifecycle of crude oil and natural gas, from their initial exploration and development to production and subsequent transportation. This also encompasses the processing, liquefaction, transit, and regasification of liquefied natural gas (LNG), as well as pipeline transport of crude oil and the movement, storage, and sale of natural gas. Additionally, this segment manages a facility dedicated to converting natural gas into liquid fuels. In contrast, the Downstream segment is tasked with refining crude oil into a variety of petroleum products. Its activities include the merchandising of crude oil, refined goods, and lubricants, in addition to the creation and distribution of renewable fuels. This division is also responsible for moving crude oil and refined products using a range of methods, including pipelines, ships, motor vehicles, and rail cars. Furthermore, it produces and markets bulk petrochemicals, industrial-grade plastics, and additives for both fuels and lubricants. Beyond these core ventures, Chevron is also involved in financial management, debt financing, insurance underwriting, real estate development, and various technology-driven enterprises. Founded in 1879, the company operated as ChevronTexaco Corporation until it officially became Chevron Corporation in 2005. Its corporate headquarters are situated in San Ramon, California.
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Position history
Between Q2 2025 and Q3 2026, 23 fund letters reported a position in Chevron — 1 opened or added to the position, 2 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 11 | 1 | 0 | 1 |
| Q2 2026 | 9 | 0 | 1 | 0 |
| Q1 2026 | 3 | 0 | 1 | 0 |
| Q2 2025 | 0 | 0 | 0 | 1 |
Fund activity · 23 positions · 3 moves
- September 2026
“Our overweight to energy was the largest positive contributor, as higher oil prices made it the benchmark’s strongest sector. ConocoPhillips and Chevron led, rising with oil prices as renewed conflict in the Middle East heightened supply concerns.”
Chevron - September 2026
“• We added energy company Chevron to the portfolio given its leverage to higher oil prices and refining margins, which benefited from renewed hostilities in the Middle East and continued tightness in the refinery complex.”
Chevron - September 2026
“CVX: Chevron shares benefited from higher oil prices and continued strength in the company’s operating outlook.”
Chevron - September 2026
Listed in Tributary Capital Management All Cap Equity Strategy’s reported holdings.
Chevron - September 2026
“We continue to appreciate CVX's disciplined capital allocation, improved prospects for long-term production growth, operational efficiency, and commitment to shareholder returns.”
Chevron - September 2026
“Top 3 Contributors to Relative Performance NewMarket Corporation (NEU) – NEU outperformed on solid results, led by strong growth in Specialty Materials serving aerospace and defense. Petroleum additives also improved, while the company reduced debt and repurchased shares. We remain attracted to NEU's expanding defense capacity, long record of capital returns, and strong cash generation. Chevron Corporation (CVX) – CVX was a top contributor as oil prices rebounded on the unresolved conflict in the Middle East and quarterly results beat expectations on stronger downstream profits.”
Chevron - September 2026
“Top 3 Contributors to Relative Performance Chevron Corporation (CVX) – CVX was a top contributor as oil prices rebounded on the unresolved conflict in the Middle East and quarterly results beat expectations on stronger downstream profits.”
Chevron - September 2026
“Chevron, one of the world’s largest integrated energy companies, was a leading contributor during the quarter.”
Chevron - September 2026
“Chevron and Exxon Mobil also contributed meaningfully, as higher oil prices, tighter perceived supply, and a larger geopolitical risk premium supported sentiment toward the large integrated energy companies.”
Chevron - August 2026
Listed in Guinness Global Energy Fund’s reported holdings.
Chevron - July 2026
“Our integrated and similar stock exposure (c.53%) is comprised of a mix of mid-cap, mid/large-cap and large-cap stocks. Our five large-caps are Chevron, BP, ExxonMobil, Shell and TotalEnergies.”
Chevron - June 2026
“Chevron was negatively impacted by a U.S.-Iran memorandum of understanding that reopened tanker traffic through the Strait of Hormuz, easing global oil supply constraints and sending oil prices down 31% during the quarter amid ongoing longer-term negotiations.”
Chevron “Chevron was negatively impacted by a U.S.-Iran memorandum of understanding that reopened tanker traffic through the Strait of Hormuz, easing global oil supply constraints and sending oil prices down 31% during the quarter amid ongoing longer-term negotiations.”
Chevron- HoldsGuinnessJune 2026
“our five large-caps are Chevron, BP, ExxonMobil, Shell and TotalEnergies.”
Chevron - June 2026
“Energy was the other main detractor, with both ConocoPhillips and Chevron declining as easing Middle East tensions and negotiations between the U.S. and Iran resulted in a pullback in crude prices.”
Chevron - June 2026
“With Strait of Hormuz disruption now entering its fourth month, we take the opportunity to provide detailed answers to important questions that we are receiving from investors about oil price levels, minimum oil inventory operating levels, production recovery scenarios and energy equity valuations. Many see it as surprising that, since the start of the conflict, energy equities have underperformed global equities and that, for example, the shares of US super majors Exxon and Chevron have declined.”
Chevron - HoldsAve Maria FundsJune 2026
Listed in Ave Maria Funds’s reported holdings.
Chevron - June 2026
“We used this opportunity to right size our commodity exposure, trimming our position in Suncor and exiting our position in Chevron.”
Chevron - June 2026
“Chevron Corporation (CVX) – CVX declined as oil prices retreated following a strong first quarter.”
Chevron - June 2026
“We continue to appreciate CVX’s disciplined capital allocation, operational efficiency, and commitment to shareholder returns.”
Chevron - TrimmedThe Davenport FundsMarch 2026
“With the Middle East in turmoil and the Strait of Hormuz effectively closed, oil surged 51% in March and 77% for the quarter. Energy was the only S&P sector that rose in March. Exxon Mobile Corp (XOM), Chevron Corp (CVX), and SLB NV (SLB) participated nicely in the run-up, and were the Fund’s top three performers for the quarter. We chipped SLB and Chevron to acknowledge a “war premium” increasingly priced into the commodity complex.”
Chevron - March 2026
Listed in Alger Growth & Income Fund’s reported holdings.
Chevron - HoldsAriel Focused ValueMarch 2026
“Shares of Chevron Corporation (CVX) also rose solidly over the quarter, participating in the broad rally across the energy sector as oil prices soared against the backdrop of Middle East conflicts.”
Chevron
Also mentioned · 2
These funds discuss Chevron — as a competitor, benchmark or comparable — without disclosing a position in it.
- June 2026
“Portfolio Highlights The ClearBridge Dividend Strategy underperformed its S&P 500 Index benchmark during the second quarter. On an absolute basis, the Strategy saw positive contributions from nine of 11 sectors: the IT and financials sectors were the main contributors, while the energy and utilities sectors detracted. On a relative basis, stock selection and sector allocation detracted. In particular, an underweight to IT and overweights to energy, materials, consumer staples and financials detracted; stock selection in industrials, IT and communication services also weighed on relative results. Conversely, stock selection in energy, consumer staples and materials along with an underweight to consumer discretionary proved beneficial. On an individual stock basis, the main positive contributors to relative returns were Texas Instruments, CVS Health, Taiwan Semiconductor Manufacturing and not owning Netflix and Chevron.”
Chevron - June 2026
“Chevron was negatively impacted by falling oil prices as progress was made to resolve the conflict in the Middle East.”
Chevron
Fund coverage · 2 theses
- Aristotle Value Equity StrategySeptember 2026
Chevron is an integrated energy company whose low-cost growth, capital efficiency and operating discipline should drive higher returns and free cash flow.
Read the full thesis - LRT Capital ManagementJune 2025
Chevron Corporation is a premier integrated energy company known for its high-quality assets, capital discipline, and commitment to shareholder value.
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