10:54 AM EDT, 05/27/2025 (MT Newswires) -- The Swiss National Bank sold its entire stake in Chevron ( CVX ) amid environmental concerns that breach portfolio guidelines, Bloomberg reported Tuesday, citing a person familiar with the matter.

The central bank's investment guidelines prohibit purchasing stocks or bonds of companies that "systematically cause severe environmental damage," the report said.

Chevron ( CVX ) didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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