Oil giant Chevron announces move of headquarters from California to Texas

Chevron announces move of HQ from California to Texas
AUSTIN, TEXAS - MAY 29: A Chevron gas station on May 29, 2024 in Austin, Texas. After Chevron offered to acquire Hess last October but was stalled due to an ongoing assessment by the U.S. Federal Trade Commission, Hess Corporation has approved the company's $53 billion dollar merging with Chevron after a stretch of preliminary results of voting have been tallied and finalized. (Photo by Brandon Bell/Getty Images) Photo credit (Photo by Brandon Bell/Getty Images)

Chevron is relocating its headquarters from San Ramon, California, to Houston, Texas. Chairman and CEO Mike Wirth, along with Vice Chairman Mark Nelson, will move to Houston by the end of 2024 to join other senior leaders, enhancing collaboration and engagement with executives, employees, and business partners.

This change comes two weeks after Elon Musk's SpaceX announced that they, too, would move from their headquarters from California to Texas.

The immediate impact on employees in San Ramon will be minimal. Over the next five years, all corporate functions are expected to transition to Houston. However, positions supporting California operations will remain in San Ramon.

Currently, Chevron employs about 7,000 people in the Houston area and around 2,000 in San Ramon. The company operates crude oil fields, technical facilities, two refineries, and supplies over 1,800 retail stations in California.

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Featured Image Photo Credit: (Photo by Brandon Bell/Getty Images)