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FORM 5500 DATA

Chevron Employee Savings Investment Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan07/01/1952
  • Net Assets as of 12/31/2016 $19,382,469,310
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2016

  • Active (Eligible) Participants23,295
  • Retired or separated participants receiving benefits1,611
  • Other retired or separated participants entitled to future benefits13,081
  • Subtotal37,987
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits519
  • Total38,506
  • Total number of participants as of 01/01/201640,622
  • Number of participants with account balances38,113
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address6001 Bollinger Canyon Road Building H, Room H1268
  • CitySan Ramon
  • StateCA
  • Zip94583-2324
  • Telephone(713) 372-4335
  • EIN94-0890210
  • Industry Code324110
  • Named AdministratorAudrey T Lamastro

Audit Information

  • Audit StatusAudited
  • AuditorMorris Davis Chan & Tan LLP
  • Auditor EIN94-2214860
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2P Leveraged ESOP An Employee Stock Ownership Plan (ESOP) that acquires employer securities with borrowed money or other debt-financing techniques.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $30,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $4,168,217,005
Contributions $964,224,055
Cash Contributions $964,224,055
Cash from Employers $282,361,918
Cash from Participants $357,240,570
Others (including rollovers) $324,621,567
Noncash Contributions $0
Total Earnings on Investments $3,186,736,085
Total Interest $4,179,292
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,179,292
Interest from Other Investments $0
Total Dividends $509,551,758
Preferred Stock $0
Common Stock $324,660,733
Rents $0
Net gain (loss) on sale of assets $147,521,895
Aggregate Proceeds $1,683,932,751
Aggregate Carrying Amount $1,536,410,856
Total Unrealized Appreciation (depreciation) of assets $1,933,433,290
Real Estate $0
Other $1,933,433,290
Net investment gain (loss) from common/collective trusts $513,849,928
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $78,199,922
Other Income $17,256,865
Expenses $1,874,064,203
Total Benefit Payments $1,864,945,021
Directly to participants or beneficiaries, including direct rollovers $1,864,756,469
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $188,552
Corrective Distributions $5,690,413
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $3,428,769
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $3,428,769
Net Income $2,294,152,802
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $19,386,162,076 $17,088,493,224 13.45%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $2,821,518 $2,685,032 5.08%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $2,821,518 $2,685,032 5.08%
General Investments $67,485,837 $36,817,223 83.30%
Interest-bearing cash $10,755,658 $6,831,701 57.44%
U.S. Government Securities $53,955,820 $27,192,897 98.42%
Corporate Debt Instruments $220,311,574 $240,591,956 -8.43%
Preferred $2,774,359 $2,792,625 -0.65%
All Other $217,537,215 $237,799,331 -8.52%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $135,115,786 $138,652,382 -2.55%
Value of interest in common/collective trusts $5,713,240,743 $884,385,650 546.01%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $4,456,960,043 $8,441,254,355 -47.20%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $276,501,580 $270,902,842 2.07%
Employer-related Investments $8,516,499,354 $7,075,996,409 20.36%
Employer Securities $8,516,499,354 $7,075,996,409 20.36%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $3,692,766 $176,716 1989.66%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $3,692,766 $176,716 1989.66%
Net Assets $19,382,469,310 $17,088,316,508 13.43%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Vanguard Group, Inc.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
The Vanguard Group Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Consulting (general), Trustee (directed), Investment advisory (participants), Securities brokerage, Participant loan processing, Participant communication, Investment management fees paid indirectly by plan, Other fees NONE $3,540,957 $0 $3,540,957
Dodge & Cox Investment management NONE $451,712 $0 $451,712
Morris Davis Chan & Tan LLP Accounting (including auditing) NONE $120,663 $0 $120,663
Total $4,113,332 $0 $4,113,332

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Vanguard Instl 500 Index Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $1,779,659,726
Vanguard Inst Ttl Bond Mrk Index Tr Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $1,199,581,551
Vanguard Inst Ext Market Index Tr Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $965,144,683
Vanguard Inst Ttl Stk Mrk Index Tr Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $708,588,987
Vanguard Target Ret 2020 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $259,359,493
Vanguard Target Ret 2025 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $210,349,981
Vanguard Target Ret 2015 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $125,696,097
Vanguard Target Ret 2030 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $104,089,545
Vanguard Target Ret 2035 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $70,881,251
Vanguard Target Ret 2040 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $60,671,345
Vanguard Target Ret 2045 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $53,999,903
Vanguard Target Ret Inc Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $42,474,887
Us Inflation Pro Bond Indx Nl Sf Cl State Street Bank and Trust Company DFE: Common/Collective Trust $38,501,773
Vanguard Target Ret 2010 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $38,201,082
Vanguard Target Ret 2050 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $35,077,772
Vanguard Target Ret 2055 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $13,295,570
Vanguard Target Ret 2060 Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $7,667,097
Total $5,713,240,743

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.