VM CPU utilization

Hi everyone,

Please consider the following example:

VM1- --ESXi_1

Above ESXi-1 has single VM1.

ESXi-1 has following CPU resource:

We assign VM1 single CPU:

Based on the above, what is max CPU resources VM1 can use? Should it not be more than  2.59 GHZ because ESXI has two logical CPU of 2.59GHZ each and VM1 is using single vCPU which is scheduled on a single  Logical CPU on ESxi-1 at any given time.

Thanks and have a good day!!