BNY Mellon Invests Big in Chevron with $2.378 Billion Stake

Bank of New York Mellon Corp has purchased a new position in shares of Chevron Corporation (NYSE:CVX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

The institutional investor acquired 14,346,731 shares of the oil and gas company's stock, valued at approximately $2.378 billion.

This represents a significant investment in Chevron, with Bank of New York Mellon Corp owning around 0.72% of the company's outstanding shares as of its most recent SEC filing.