Article

2024-08-03 Economy

Oil giant Chevron fleeing to Texas from California

[NYPOST] Oil giant Chevron is moving its headquarters to Texas from California, the latest company to exit the Golden State.

The company on Friday announced its planned corporate relocation to Houston from San Ramon, where it has long been based.

“The company expects all corporate functions to migrate to Houston over the next five years,” Chevron said. “Positions in support of the company’s California operations will remain in San Ramon.”

Chevron said about 2,000 of its employees work in San Ramon at the moment and 7,000 are located in Houston.

Posted by Fred 2024-08-03 00:00|| || Front Page|| [11149 views ] Top

#1 Most office functions, corporate and international, have been moved to Houston already.

Posted by Glenmore 2024-08-03 01:16|| 2024-08-03 01:16|| Front Page Top

#2
Simple Logic at work.
Go where you are welcomed and respected.
Save $ billions is taxes and legal fees a year.

Posted by NN2N1 2024-08-03 05:29|| 2024-08-03 05:29|| Front Page Top

#3 This should have happened years ago. My guess is that some big decision maker just loves CA and they are finally retiring.

Posted by Airandee 2024-08-03 06:47|| 2024-08-03 06:47|| Front Page Top

#4 “Positions in support of the company’s California operations will remain in San Ramon.”
Can't run the refinery by Zoom?

Posted by ed in texas 2024-08-03 07:36|| 2024-08-03 07:36|| Front Page Top

#5 Glenmore is correct. Most functions have already moved. Did a little consulting to Chevron in the early 2000s. Lived about 2 miles from the HQ also. Huge place and the biggest employer around. Moving the HQ officially to another state will have huge tax implications for CA. They finally gave the middle finger to Gov. Nuisance.

Posted by Warthog 2024-08-03 09:24|| 2024-08-03 09:24|| Front Page Top

#6 Writing on the wall some time ago. "Chevron Selling San Ramon Campus; Headquarters to Remain in California," NBC Bay Area staff • June 27, 2022.

Posted by IS 2024-08-03 09:29|| 2024-08-03 09:29|| Front Page Top

#7 Companies leave, California follows.

Posted by Grom the Reflective 2024-08-03 10:07|| 2024-08-03 10:07|| Front Page Top

#8 took me a while to get
Sorry - won't hot link

Posted by Mercutio 2024-08-03 10:38|| 2024-08-03 10:38|| Front Page Top

#9 These boots are made for walkin' and that's just what they'll do, one of these days there gonna walk away from you.

Posted by alanc 2024-08-03 12:31|| 2024-08-03 12:31|| Front Page Top

#10 The local rag put up an FB post for this story - well over half the comments were vigorously in favor of this move. This is why CA is doomed: the people themselves have been corrupted to the point of absolute uselessness.

Posted by Rex Mundi 2024-08-03 13:05|| 2024-08-03 13:05|| Front Page Top

#11 I doubt few Californians know that Chevron was
originally Stadard Oil of CALIFORNIA.

Posted by IS 2024-08-03 14:46|| 2024-08-03 14:46|| Front Page Top

#12 /\ The all knowing gummit sure taught ole John D. Rockefeller a lesson, breaking Standard Oil and permitting him to retain a piece of each one,

Posted by Besoeker 2024-08-03 15:50|| 2024-08-03 15:50|| Front Page Top

03:23 Besoeker
02:05 Grom the Affective
02:04 Grom the Affective
01:26 49 Pan
00:22 EMS Artifact
00:16 Skidmark