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Chevron to move its headquarters from California to Texas

August 3, 2024

By JOSH FRIEDMAN

Amid a corporate exodus from the Golden State, oil major Chevron Corp. has announced it will move its headquarters from California to Texas. [LA Times]

Founded 145 years ago in California, Chevron, the second largest United States oil company, is presently headquartered in the East Bay Area city of San Ramon. Chevron will soon relocate its headquarters to Houston.

Some operations, along with hundreds of employees, will remain in San Ramon, Chevron CEO Mike Wirth said. But, Chevron expects to move all of its corporate functions to Houston over the next five years.

Previously, the company moved its subsidiary, Chevron Energy Technology, to Texas. Two years ago, Chevron sold its San Ramon campus as it began shifting jobs to Houston. Chevron already has about 7,000 employees in the Houston area.

Last fall, California’s attorney general sued Chevron and several other big oil companies, alleging their production and refining operations have caused billions of dollars worth of damage. The suit also claimed the oil companies have deceived the public about the risk of fossil fuels in global warming.

Chevron’s move to Texas comes amid a trend of large corporations fleeing California. Recently, Elon Musk said he is relocating SpaceX and X from California to Texas. Likewise, over the last decade, numerous other companies in tech and other industries have fled California, with many attributing their moves to the state’s high operating costs and policies that are not supportive of business.

In a statement, Chevron said its move to Texas would allow the company to “co-locate with other senior leaders and enable better collaboration and engagement with executives, employees and business partners.”

 


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Thank you Chevron. I appreciate when toxic businesses move out of state. And I’m glad California has regulations that protect citizens, encouraging toxic companies to relocate to other states where toxic companies are tolerated and even celebrated.


-1

One of the most miserable days of my life was spent at 6 Flags Over Texas near Houston a Summer, long ago. To call it hot and sweaty is an understatement. Imagine the angst of Chevron employees having to pull up stakes in NorCal and having to move to Houston. Ugh. On a human level, the political reasons for this move are entirely preventable, if not for voters in California electing the same old doofuses, again and again and again. Double Ugh.


24

Think how nice it will be when the only employer in California is California! High salaries, great weather, all electric everything powered only by wind and solar! A true Utopia!


15

100% of solar and wind companies are private sector. In fact, over 90% of California’s economy is privately owned. California’s GDP is hovering near $4 trillion with 1.7 million private sector businesses.


I suggest that if my Republican and Libertarian friends want to see less government in this state they nominate common sense candidates who actually believe in climate change and aren’t xenophobic racists. Jordan Cunningham was such a politician but he saw no future in the lunatic MAGA dominated GOP.


-22

The weirdo maga-loving cult members do not know logic or reason. Save your breath.


-19

From the “down” votes some of us are getting, I can only conclude that there are those who prefer to foot the bill for environmental cleanup than to have companies that protect our environment coming to our state. Coming from Louisianna and having had a lot of firsthand experience with the compromises to the environment that oil companies are willing to make for the sake of their personal profits, without anything approaching the compensation required to other local industries for the damage to their livelihoods, I find that sad.


Vote me down all you like. I am not going to miss an industry that destroys whole cultures and environments by whatever means necessary. For profit that you’ll never see. As for their “taxes”??? We are subsidizing that industry to the tune of BILLIONS annually whilst they are charging us top dollar at the pumps and registering BILLIONS in record profits that they pay NO taxes on. I am just not all that fond of being screwed in quite that way.


Let them go. We are California. We are the future.


-52

Can you give us examples of the cultures/environments destroyed by this industry please?


17

That’s easy. For starters, just google their history in South America regarding the environment and their interactions with the indigenous cultures. Major disasters, lawsuits, etc., that sort of thing. If that doesn’t self-convince you, you just didn’t care in the first place. Which I suspect, since most people are already well aware of these things.


-15

Chevron is moving its corporate headquarters to Texas not selling its assets, they still own and operate the refinery and a multitude of oil and gas facilities throughout the state but will no longer be paying huge amounts of taxes as well as their top wage earners.

The article might have been titled Taxes to Texas.


19

So you think their top earners actually pay a fair share of taxes? I would bet waitresses pay a larger percentage.


-15

Good riddance. They have a reputation for causing environmental disasters around the globe.


-53

Fossils represent the past, do they not? I find it silly to magnify the “loss” of these companies. After all, California accommodated gas and oil for, what?, over a century? And just how were we repaid? Highest energy prices in the nation. I’m sorry, there is just no real excuse for them to reap record profits at our expense in repayment. All we were left with was the damage to our world class environment. So, we ask them to do a little clean-up, and they pull up stakes and flounce out. Let them have Texas and the blind eye policy toward environmental destruction, climate from hell and faulty power grids, infrastructure, etc.


As for Musk, he is 100% for himself and the attainment of god-like power. I say let Texas have him too. We have no shortage of innovators here, most of which have no intention of leaving. His vehicles’ stock prices are in an elevator shaft at present. It is to be a competitive market and his personality is proving enough to discourage business, not to mention all the recalls they are having.


Our employment percentage is quite high, actually. The “policies that are not supportive of business” pretty much refer to preventing environmental destruction, so I say “buh-bye”, and good riddance. We will be left with the businesses that are environmentally sound already and in that way, well ahead of the curve that must be the shape of our future, if we are to have one.


-62

Oh No! A business guilty of international atrocities left the state to go to a state where Government rules peoples bodies and has total control and where electric companies privately owned kill people in droves due to mild weather and yet blame climate change also while denying it! Elon is one of the dumbest lucky psychopaths on earth. Let them all make love together with that legless Cyborg Gov. Go be Weird in Texas, Keep Austin weird they say. Go Party with Epstein Pedophiles down in Texas.


-47

Just one more of many corporations/businesses moving out of California. It is mind-boggling to me why Newsom and his super majority in Sacramento continue on this road to destruction.

Apparently, their utopia view for our state is rapidly becoming our dystopia. I just don’t understand the mindset.


81

Yet, California leads the nation in the most Fortune 500 companies, and San Francisco is by far the leader in startups-globally.

Tesla, rather Elon, just peed in their own punch by starting a war with their climate concerned consumers.


-67

That was then, now is now. Chevron’s move is just a continuation of big business and tax paying individuals leaving California for states governed by safe, and sane individuals.


60

Those were 2023 statistics. Make of them what you will. Chevron moving out of East Bay to Houston makes Oil sense. 42% of the US oil is from Texas.


-22

Save your fingers typing. Most of the people commenting don’t want to hear the truth.


-33

Good. Now Tesla and Chevron can battle it out


-57