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Chevron Reports Condensate Discovery as Investors Buy Shares and Dividend Declared

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Sig2.60Sen+1.20Env-1.30Soc+0.20Gov+0.10

E Fund Management bought 20,157 Chevron shares for about $3.34M, while other managers also added positions; some insiders sold 1.15M shares worth $225.9M in the prior 90 days and Barclays cut its target to $208. Chevron reported a sizable oil and gas condensate discovery at the 105-4X well offshore Angola and declared a $1.78 quarterly dividend.

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