Chevron Pension Fund (US)
The Chevron Pension Fund is a defined benefit pension plan provided by Chevron for its eligible employees. This plan allows employees to accumulate retirement benefits based on a formula that considers their salary, years of service, and age. The benefits are paid out as a monthly pension upon retirement. Chevron is a global energy company founded in 1879 that focuses on the exploration, production, refining, and marketing of oil, natural gas, and other energy products. The company operates in over 180 countries worldwide and makes investments in various energy-related technologies and solutions, including carbon capture and storage, renewable fuels, and new energy initiatives. Industries it has a preference for include: diversified/conglomerates, consumer products (CPG; FMCG), financial services, healthcare, information technology, software/internet, marketing/advertising, media (text; video; audio), real estate, retail, telecoms & data, telecoms & media. Its preferred route(s) to market include: primary funds, secondary funds.