Dodge & Cox Boosts Chevron Stake by 22.8%

Investment firm adds over 41,000 shares of oil major in Q3

Mar. 14, 2026 at 1:08pm

Got story updates? Submit your updates here. ›

Dodge & Cox, a major institutional investor, increased its position in Chevron Corporation (NYSE: CVX) by 22.8% during the third quarter of 2025, according to a recent SEC filing. The firm now owns 223,271 shares of the oil and gas company's stock, valued at $34.6 million as of the end of the quarter.

Why it matters

Chevron is one of the world's largest integrated energy companies, with operations spanning oil and gas exploration, production, refining, and marketing. Institutional investors closely monitor and trade the company's shares, as Chevron's performance is seen as a bellwether for the broader energy sector.

The details

Dodge & Cox, a prominent investment management firm, added 41,414 shares of Chevron to its portfolio in Q3 2025. This increased the firm's total position in Chevron to 223,271 shares, worth $34.6 million. The move suggests Dodge & Cox sees value and growth potential in Chevron's stock at current price levels. Other major Chevron shareholders include Vanguard Group, Primecap Management, and Bank of New York Mellon.

  • Dodge & Cox increased its Chevron stake during the third quarter of 2025.

The players

Dodge & Cox

A prominent investment management firm that oversees over $300 billion in assets.

Chevron Corporation

An American multinational energy company engaged in oil and gas exploration, production, refining, and marketing.

Got photos? Submit your photos here. ›

The takeaway

Chevron's stock has been a focus for major institutional investors like Dodge & Cox, reflecting the company's central role in the global energy landscape. The firm's increased stake suggests confidence in Chevron's long-term prospects despite near-term market volatility.