ETFs Resume Buying Chevron with $57.4 Million Purchase on Thursday

On Thursday, October 1, 2026, ETFs purchased $57.4 million worth of Chevron (CVX) stock, marking a shift from recent outflows. This buying activity involved 41 ETFs adding shares and 23 reducing their positions, ending a two-day streak of net selling that included $49.0 million in outflows on September 29. The net buying also followed significant inflows on September 28 ($255.2 million) and September 25 ($32.2 million), indicating a mixed trend over the past five sessions.

The largest ETF buyers by dollar value were the Energy Select Sector SPDR Fund (XLE) with $59.3 million, the SPDR Dow Jones Industrial Average ETF Trust (DIA) with $30.7 million, and the SPDR Portfolio S&P 500 High Dividend ETF (SPYM) with $13.2 million. Other notable ETFs adding to their Chevron holdings included the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and the iShares Russell 1000 Value ETF (IWD).

Chevron, a major player in the energy sector, operates globally in oil and natural gas production, exploration, and refining. The company reported trailing-12-month revenue of $211.45 billion, with a gross margin of 18.5% and a net margin of 9.7%. Its stock trades at a P/E of 19.81, P/B of 2.09, and P/S of 1.91, offering a dividend yield of 3.33% and a year-to-date return of 39.4%.

Investors will be watching to see if this one-day buying streak continues, as ETF flows have been volatile with alternating days of inflows and outflows. The recent activity highlights Chevron's significance in various ETF portfolios, particularly those focused on energy and high-dividend stocks.