Sacramento, CA gas prices. (Photo: Katy Grimes for California Globe)
Chevron to Move Headquarters Within California, Move Some Staff to Houston
Energy Giant becomes latest company in California to start shifting to other states
By Evan Symon, June 25, 2022 2:30 am
The energy giant Chevron Corporation announced on Friday that they will be moving out of their headquarters to a new place within California while also shifting some employees to Texas sometime next year.
Chevron, which is headquartered in San Ramon, confirmed that it will stay within the city in it’s new space, saying that the real estate market right now is allowing them to adjust employees who work at the headquarters. Unlike previous big company shifts in California, such as Tesla and Oracle, the company will not be moving it’s headquarters out of state.
“The current real estate market provides the opportunity to right-size our office space to meet the requirements of our headquarters-based employee population,” said the company in a statement.
However, while the companies headquarters will not be loving out of state, a significant numbers of employees will, with many employees expected to make the move to the Texas Chevron offices in Houston sometime next year. While the exact number is unknown, Chevron will be paying moving costs for employees wanting to move. With Houston offering cheaper housing and lower taxes, many are expected to take the move away from the Bay Area.
With Houston being a hub for energy companies, Chevron would follow in the footsteps of ExxonMobil, who moved their headquarters from Dallas to Houston earlier this year by establishing a larger presence in the city. Chevron itself will be expanding inside the former Enron headquarters building in Houston.
“Like Tech companies going to Austin from the Bay Area, energy companies from all over are going to Houston,” explained San Francisco-based tech lawyer David Singth to the Globe on Friday. “This won’t be a full move, and is likely more in response to more people wanting to work from home more than anything else, but it does indeed add to the worrying trend of Californian businesses leaving the state. Leaders here don’t seem to realize just how devastating all these losses can be. It’s tax money from several sources being cut off, not to mention prestige, job opportunities, bringing in the best and brightest to the state, and more.
“A lot of people still try and come to California for a decent job, a decent living, and having a nice starter house, but in California, and especially the Bay Area, that is not the reality at this time. People have been bucking away from working here, and this Chevron move is just the latest indication that something is wrong in California.
“The state needs to be more business friendly, needs to reduce taxes, and bring back affordable homes for people to really reverse this trend, but nothing is really happening there. So tech companies continue to leave. Texas and working from home stole San Francisco’s “You have gotta be here to make it big” mentality, and now we see it seeping into other industries like energy. And you can bet Chevron won’t be the last one.”
Chevron is expected to finalize the moves sometime next year.
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September 11, 2018 -
CA buffoons populating Sacramento keep sending the tax base to other states, which means those of us who are still here will be picking up the slack by paying more and more state taxes. But hey, keep voting for DemocRATS.
No please DON’T encourage them… the people of this state need to rise up and protest against the Dominionization of California politics and unfair election collection, tabulation and management…
In other news, “Leaders here don’t seem to realize just how devastating all these losses can be.” I honestly believe that Newsom is being paid off by those behind the World Economic Forum and the other oligarchs that are agitating for a collapse of the current systems so that they can issue their “Great Reset” with centralized control over every aspect of our lives…
That’s the most logical explanation that I can think of to explain the WATER MIS-management programs that Ed Ring has so eloquently elucidated over the awesome recent series of water-related topics and the Sacramento/San Francisco cabal’s efforts to drain all the reservoirs, bankrupting the agricultural industry in this state, under the politically-correct smoke screen of “climate change”.
Most of these issues are related to solar activity which influences ocean currents and cycles, NONE of which humans have ANY control over, but influenced by China & India’s industrial emissions, which DWARF that of the United States, and of which we ALSO have no control over….
Everything else is just a centralized “command and control” initiative, and California is the tip of the spear of these Communist policies, and large employers are wising up and getting the hole out of Dodge and moving to locales that WANT industry other than the digital Stormtroopers of the “New Economy”, aka Facebook/Meta/Alphabet/Google…
Every day I wake up hoping that this state being taken over by a bunch of leftist radical Democrats is just a bad dream. Unfortunately, it’s not.
Here in Texas we welcome anyone wanting to get out of California but please don’t bring your politics or wingnutts.
Well you can’t expect educated professionals engaged in global business to be as reactionary as the folks who live in the red parts of the State. My experience s that those at the executive, professional and finance levels ( as opposed to the oil field workers in the Permian or Eagle Ford) tend to be moderate Democrats. They are my neighbors, many of them have advanced degrees and were foreign born or first generation American. They are part of the reason that Houston has elected a moderate democrat in my congressional district, TX-7.
Houston has become as much of a Democrat hellhole as California but without the nice weather?
It makes sense for Chevron to put more of its staff in Houston. It’s the energy capital of the world with a deep talent pool of engineering, marketing , trading and transport professionals engaged in upstream, midstream and downstream parts of the “erl bidness”. The engineering consultants are here, as are project financing and accounting and legal staff. I think the tax and expense issues would be a secondary consideration . The team that has the best players win, and for oil and gas those players are available in Houston.