investment options
choosing your investments
To change how your contributions are invested, log in to your NetBenefits account and choose Change Investments. Not sure where to start? Fidelity offers guidance resources if you need help or would like guidance about choosing investments.
the ESIP investment options are organized into four tiers
Target date investments provide an opportunity to create a diversified portfolio containing both stocks and bonds with a single investment. They are generally designed for investors expecting to retire around the year indicated in each investment’s name. The investments are managed to gradually become more conservative over time. The investment risks of each target date investment change over time as its asset allocation changes. They are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risk associated with investing in high yield, small capitalization and foreign securities.
ESIP Target Retirement Date Fund Lineup:
- BlackRock LifePath® Index Retirement Account C
- BlackRock LifePath® Index 2025 Account C
- BlackRock LifePath® Index 2030 Account C
- BlackRock LifePath® Index 2035 Account C
- BlackRock LifePath® Index 2040 Account C
- BlackRock LifePath® Index 2045 Account C
- BlackRock LifePath® Index 2050 Account C
- BlackRock LifePath® Index 2055 Account C
- BlackRock LifePath® Index 2060 Account C
- BlackRock LifePath® Index 2065 Account C
Visit NetBenefits for fund and performance information.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
The core investment lineup includes a broad range of investment options that, when used in combination, can provide significant diversification. You can select from index and active funds to create a portfolio of equity, fixed income, money market and other investments that you believe is right for you given your investment objective, time horizon and risk tolerance.
index funds
Index funds are made up of equity or fixed income investments that mirror a market index such as the Standard & Poor’s 500 index. They tend to have lower expenses, because index fund managers don’t rely on a research staff, nor do they buy and sell securities as frequently. Historically, index fund returns have been largely consistent with the index they are designed to track.
ESIP Index Fund Lineup:
- U.S. Debt Index Account C
- Equity Index Account C
- Extended Equity Market Fund M
- BlackRock MSCI ACWI ex-U.S. Index Account C
Visit NetBenefits for fund and performance information.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
active funds
Actively managed funds use portfolio managers to select equity, fixed income, money market or real asset (e.g., real estate, Treasury inflation-protected security) investments in an attempt to outperform a market index and produce better returns than passively managed index funds. They tend to have higher operating costs due to the research and analysis entailed in selecting those investments. By relying on a fund manager’s knowledge to interpret and act on market trends, actively managed funds may have the potential to outperform the market.
ESIP Active Fund Lineup:
- Government Short-Term Investment Account C
- Putnam Stable Value Separate Account
- Principal Diversified Real Asset CIT Tier 3
- EARNEST Partners Smid Cap Core Fund - Class 1*
- Dodge & Cox Income Separate Account
- Capital Group EuroPacific Growth Trust Class U3
Visit NetBenefits for fund and performance information.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
A Chevron stock investment option is also available. Under the ESIP, the Chevron Common Stock Fund, which invests solely in the common stock of Chevron Corporation, is a single stock fund. If you invest more than 20% of your retirement savings in any one company or industry, your savings may not be properly diversified.
- Chevron Common Stock Fund
- Chevron Leveraged ESOP Fund*
* This fund is not an active investment option. You cannot direct contributions to the fund or move money from other investment options to it. You can, however, transfer money from the fund to other investment options at any time. If you transfer money from the fund, you will not be able to trade back into ESOP shares.
chevron stock dividend elections
You can elect to receive payment for dividends you earn in your Chevron stock account. Unless you elect otherwise, dividends from company stock are automatically reinvested in the plan for you. If you elect to receive dividends, they’ll be considered taxable income when paid to you.
To make your election, call the HR Service Center and choose the menu option for the ESIP to talk to Fidelity. Note that once you have elected to receive dividends in cash, your election will remain in effect unless you call Fidelity with other instructions.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
For even greater choice in your investment decision-making, you may want to use the brokerage option in the ESIP. With this option, you open an account with Fidelity BrokerageLink®. Then, you can invest up to 50 percent of your ESIP balance in thousands of mutual funds and exchange-traded funds (ETFs) that are not included in your Target Retirement Trust, core or supplemental investment options. Keep in mind that the risks can be substantially different with this strategy — and while there is no annual fee, you’ll be responsible for paying commissions and other costs. For more information, review the BrokerageLink Commission Schedule. Individual stocks and options are currently not available under the ESIP BrokerageLink option.
Has your address changed?
If you are enrolled in BrokerageLink and have a change of address, you will need to change it in two places:
- For your ESIP account, on the My HR Portal.
- For your BrokerageLink account, call the HR Service Center and choose the menu option for the ESIP to talk to Fidelity.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
This web page provides only certain highlights about changes of benefit provisions. It is not intended to be a complete explanation. If there are any discrepancies between this communication and the legal plan documents, the legal plan documents will prevail to the extent permitted by law. There are no vested rights with respect to Chevron health care plans or any company contributions towards the cost of such health care plans. Rather, Chevron Corporation reserves all rights, for any reason and at any time, to amend, change or terminate these plans or to change or eliminate the company contribution toward the cost of such plans. Such amendments, changes, terminations or eliminations may be applicable without regard to whether someone previously terminated employment with Chevron or previously was subject to a grandfathering provision. Some benefit plans and policies described in this document may be subject to collective bargaining and, therefore, may not apply to union-represented employees.
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