Both Chevron Delo 400 Multigrade SAE 15W-40 (API CI-4+) and Chevron Delo 400 LE SAE 15W-40 (API CJ-4) are based on Group 2 oil.
ISOSYN indicates synthetic performance (think PAO) using refined base oil (Group 2 - isodewaxed/hydrocracked).
Hope this helps.
I was just at the chevron conference where they had technical and sales sessions.
ISOSYN does not indicate in any way that there is a synthetic characteristic of any sort, group II+ or whatever.
Effectively they market ISOSYN as a "holistic" method of combining the "best" base oil and additive chemistries together to optimize performance. It is actually quite misleading that they use the "syn" in the trademark.
They are building a large high end hydrocracking plant in the gulf somewhere, as right now they need to buy basestock, they dont even make what they consume!
They do put out a lot of fluff (but some backed with data and even SAE papers) to indicate that their product is as good or better than comparable synthetics, that is true. I find some of it tough to believe, considering the actual physics of the fluid properties...
JMH