Chevron's Mark Nelson exercised 112,000 options and sold every share the same day at about $210, clearing roughly $23.6 million and leaving him with 19,441 shares. Same-day exercise-and-sell is routine compensation mechanics, and this ranks among the largest insider dispositions this year.
Latest Activity
Mad Money w/ Jim Cramer 11/6/26
- Cramer calls Friday's tech bounce a dead cat bounce, with sellers waiting on any data-center recovery
- Cisco seen as oversold after falling from $230 back to the 90s; he'd buy a small position
- Applied Materials at $332 versus its $740 summer peak is not automatically a buy
- Neocloud earnings from CoreWeave and Nebius framed as the week's real test on debt costs
Cramer is telling holders of AI infrastructure names that the washout is unfinished, and that a strong jobs report did nothing to help. The one place he is willing to put money is Cisco, which he thinks has been dragged down with everything else. Applied Materials gets the opposite treatment: its lower price still looks expensive because the old price was built on a squeeze.
A 3.46% slide to $215.10 strips roughly $15 billion off a $419.9 billion energy major, a rare one-day move for a name this size. Watch whether it holds above the session low into the close.
A Chevron executive exercised options struck near $110 and immediately sold every one of the 24,439 shares at $230.71, leaving just 3,818 shares behind. That is an exercise-and-sell, with no fresh conviction buying at these levels.
Chevron's Q3 earnings beat pushed it to a fresh 52-week high of $235.52, 0.99% above the record it set just a week ago. The $462 billion oil major keeps clearing its own ceiling.
Free cash flow of $12.0 billion covers the $1.78 quarterly dividend with room to spare, the seventh straight quarter of EPS beats. Refineries ran at nearly 98% utilization as net income nearly tripled from a year ago.
Six straight quarterly EPS beats put the pressure on Chevron at 6:15 AM ET, with analysts looking for $4.83 a share. Energy investors get the first real read on third-quarter crude margins hours before ExxonMobil's own numbers.
- DOCUDocuSign$85.27+10.0%
- BOXBox$43.18+9.4%
- ADPADP$304.16+7.8%
- EENI$62.08+7.6%
- EQNREquinor$48.82+6.7%
- COPConocoPhillips$150.8+5.9%
- EOGEOG Resources$163.03+5.7%
- CNQCanadian Natural Resources$55.06+5.6%
- BPBP p.l.c.$51.32+5.1%
- CVXChevron$233.21+5.0%
54 stocks cleared fresh 52-week highs this week, with DocuSign topping its prior peak by 10% and Box close behind at 9.37%. Energy filled out the rest of the leaderboard: ConocoPhillips, EOG, BP and Chevron all set new marks.
Mad Money w/ Jim Cramer 10/15/26
- Diversification pitch: Korean memory selling in SK Hynix and Samsung is bleeding into US data center names
- Schwab called a buy near $94, under 15x this year's earnings, after AI displacement fears knocked it from $114
- Chevron preferred over Exxon on a swap; Home Depot held as the most rate-levered name he knows
- Trim half of Oracle after the run; Microsoft left alone into earnings on Azure strength
Cramer is pulling money toward consumer staples, retailers and oils while the data center complex cracks, and he is framing Schwab's selloff on AI-agent worries as a repeat of the 2023 banking scare that proved a buying opportunity. For anyone concentrated in AI hardware, the Oracle half-sell is the clearest sell discipline he offered all episode.
Chevron just set a fresh 52-week high at $222.04. Anyone waiting for a pullback hasn't gotten one since mid-December.
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