State Street Corp Boosts Holdings in Chevron to $28 Billion

State Street Corp has significantly increased its holdings in Chevron Corporation (NYSE:CVX) by 3.9% in the second quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.

The firm acquired an additional 5,998,852 shares of CVX stock during the quarter and now owns about 8.05% of Chevron's outstanding shares, valued at $28,016,651,000 as of its most recent filing.

State Street Corp is not the only large investor to increase its stake in Chevron; other notable investors include BlackRock Inc., Norges Bank, and Berkshire Hathaway Inc, which have also purchased new stakes in the oil and gas company.