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Chevy Chase Village Today
By the People, for the People
Chevy Chase Trust Reduces Exxon Mobil Holdings
Investment firm sells over 119,000 shares of oil and gas giant
Mar. 15, 2026 at 10:04am
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Chevy Chase Trust Holdings LLC, a Maryland-based investment firm, reduced its holdings in Exxon Mobil Corporation (NYSE:XOM) by 4.9% during the third quarter of 2025. The firm sold 119,330 shares of the oil and gas company's stock, leaving it with 2,300,088 shares worth approximately $259 million at the end of the quarter.
Why it matters
Exxon Mobil is one of the world's largest publicly traded oil and gas companies, and its stock performance is closely watched by investors and analysts. The reduction in Chevy Chase Trust's holdings could signal a shift in sentiment towards the company, though the firm still maintains a sizable position.
The details
According to the 13F filing, Chevy Chase Trust Holdings LLC sold 119,330 shares of Exxon Mobil during the third quarter of 2025, reducing its total holdings to 2,300,088 shares. The firm's position in Exxon Mobil now represents approximately 0.7% of its total portfolio.
- Chevy Chase Trust Holdings LLC sold 119,330 shares of Exxon Mobil during the third quarter of 2025.
The players
Chevy Chase Trust Holdings LLC
A Maryland-based investment firm that manages a diversified portfolio of assets, including a significant position in Exxon Mobil Corporation.
Exxon Mobil Corporation
An integrated oil and gas company engaged in the exploration, production, refining, distribution, and marketing of petroleum products, as well as the manufacture and sale of petrochemicals.
The takeaway
The reduction in Chevy Chase Trust's Exxon Mobil holdings could be a sign of broader market sentiment shifting towards the oil and gas sector, as investors weigh factors like energy transition, regulatory changes, and global economic conditions. However, Exxon Mobil remains a significant holding for the firm, indicating its continued belief in the company's long-term prospects.
