Chevron will sell its California headquarters and move jobs to Texas

Chevron is expected to move to Texas during the third quarter of 2023, from July to September.

Foto:
askarim / Shutterstock

The energy multinational Chevron intends to sell the campus of its headquarters in San Ramón, California, keep its headquarters in that same city and move jobs to Texasa move that could deal a further blow to the Bay Area economy.

Chevron said it will cover relocation costs for some employees to move from San Ramon to Texas.

“Chevron plans to sell our Chevron Park campus and move to a new, state-of-the-art leased space in San Ramón,” the oil company announced, according to The Dallas Morning News. That is to say that some employees of the company will stay in San Ramón, where the central offices will continue to be, but they will be moved to a new space, whose location has not been revealed.

Bishop Ranch, an iconic mixed-use office, retail, and restaurant business park that is adjacent to the company’s current headquarters in Chevron Park, has the ability to offer modern office space for tenants, making it possible to that the employees who remain in San Ramón stay here.

“Today’s real estate market provides an opportunity to right-size our office space to meet the requirements of our headquarters’ employee population,” said Chevron.

The move is expected to occur during the third quarter of 2023, from July to September, according to Chevron.

Chevron currently owns an office tower in Houston, Texas, that was once the headquarters of the failed energy company Enron. The company also plans to build another office tower in Houston, where it will send employees who will not stay in San Ramón.

In 2002, Chevron moved its headquarters to San Ramón after abandoning its former main office in San Francisco.

Despite shifting jobs to Texas, Chevron insists it won’t move its California headquarters.

“Chevron will continue to be headquartered in California, where the company has a 140-year history and operations and partnerships throughout the state,” the company said.

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