Chevron 401k (ESIP) Plan PSDS Scan 12-31-2010

The Chevron 401k plan changed in 2009 to make company stock CVX Non Particpant directed as part of a leveraged ESOP program described in the SEC11-k report. It is still by far the largest holding of the employee portfolio at 54.7% of plan and continues to help the plan's performance. The Balanced portfolio has an above an average return but is outperformed by the employee portfolio with the huge investment in company stock. All in all a good plan with a very good company stock.