Will Chevron’s Payment For Shale Stakes Impress These Top Institutional Shareholders?

Chevron Corp. (NYSE:CVX) has agreed to pay as much as $349 million for stakes in two Australian shale plays that are currently being developed by Beach Energy, Financial Times reported. This deal comes after PetroChina’s (NYSE:PTR) recent agreement to explore for gas in Western Australia, with their partner ConocoPhillips (NYSE:COP), the report added.

Will Chevron Corp.’s shareholders decrease their holdings? They reported owning a total of 1.228 billion shares on 12/31/2012. The shares closed at $107.30 on 12/31/2012.

Here are the ten largest positions in Chevron Corp. at the end of December 31st, 2012.

State Street Corp. held 106,520,361 shares on 12/31/2012 worth $11,519,111,774. This brought the portfolio total to 1.67%.

Vanguard Group Inc. held 94,551,138 shares on 12/31/2012 worth $10,224,760,006. This brought the portfolio total to 1.28%.

Capital World Investors held 57,361,130 shares on 12/31/2012 worth $6,203,032,563. This brought the portfolio total to 2.3%.

Blackrock Institutional Trust Company N.A. held 53,695,950 shares on 12/31/2012 worth $5,806,680,000. This brought the portfolio total to 1.35%.

Wellington Management Co. LLP. held 36,837,320 shares on 12/31/2012 worth $3,983,587,762. This brought the portfolio total to 0.27%.

FMR LLC. held 33,991,885 shares on 12/31/2012 worth $3,675,882,423. This brought the portfolio total to 0.66%.

Bank of New York Mellon Corp. held 30,460,395 shares on 12/31/2012 worth $3,293,987,097. This brought the portfolio total to 1.16%.

Northern Trust Corp. held 30,377,532 shares on 12/31/2012 worth $3,285,026,292. This brought the portfolio total to 1.35%.

Price T. Rowe Associates Inc. /MD/ held 23,715,705 shares on 12/31/2012 worth $2,564,616,324. This brought the portfolio total to 0.75%.

J.P Morgan Chase & Co. held 23,468,770 shares on 12/31/2012 worth $2,537,912,773. This brought the portfolio total to 0.88%.

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