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Chevron Pension Fund
The Chevron Retirement Plan operates as an employer-sponsored defined benefit arrangement. Chevron Corporation serves as plan sponsor and administrator.
Overview
The Chevron Retirement Plan operates as an employer-sponsored defined benefit arrangement. Chevron Corporation serves as plan sponsor and administrator. Assets include a mixed-use estate project in Lagos, Nigeria, a separate account with Principal Real Estate Investors in the United States, and a broader real assets allocation across global markets. The fund maintains a co-investment relationship with Global Infrastructure Partners. Chevron Corporation acquired Hess Corporation and is integrating the acquired pension plans into the existing trust. The Chevron Foundation handles separate philanthropic activity. Plan governance remains tied directly to the corporate sponsor with no external manager disclosed.
General information
Firm type
Pension Fund
Year founded
1879
Location
Region
North America
Country
United States
City
San Ramon
Corporate office
San Ramon, CA, United States
Sector focus
Frequently asked questions
Who sponsors the Chevron Pension Fund?
Chevron Corporation acts as plan sponsor and administrator. All contributions come from the employer.
What asset classes appear in the portfolio?
Holdings include infrastructure, commercial real estate in the United States, and a mixed-use project in Nigeria.
How does the fund relate to the Hess acquisition?
Hess Corporation pension plans are being integrated into the Chevron trust following the acquisition.
Where is the plan administered?
Administration occurs through Chevron Corporation in San Ramon, California.
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