Chevron Announces It Is Ditching California, Moving Headquarters to Houston

Chevron Corporation announced Friday that it is moving its headquarters from San Ramon, California, to Houston.

The company plans to move all corporate functions to Houston over the next five years. Top executives, including Chevron Chairman and CEO Mike Wirth and Vice Chairman Mark Nelson, will move to Houston before the end of 2024, but the company said the decision will not impact other employees currently based in San Ramon.

“Friday’s announcement appears to symbolize the diminishing presence of Chevron and the oil industry itself in California. As state leaders have moved to force a transition away from oil and its related products, the state’s once-thriving industry has steadily faded in importance,” energy analyst David Blackmon said of the move in his Energy Absurdities subset.

According to the company’s announcement, about 7,000 Chevron employees are located in the Houston area and about 2,000 employees are in San Ramon.

The company operates crude oil fields, technical facilities and two refineries and supplies more than 1,800 retail stations in California.