The California State Teachers' Retirement System (CalSTRS) increased its investment in Chevron during the second quarter. CalSTRS acquired over 430 million shares according to a recent SEC filing. Total holdings now reach nearly 433 million shares.
This position represents a 21.9% ownership stake in the energy giant. The total value of the CalSTRS Chevron holdings is approximately $71.7 billion.
The acquisition signals a vote of confidence in Chevron's long-term strategy and growth potential. Virginia Retirement Systems also acquired a new position in Chevron during the same period.