Chevron is moving its headquarters from California to Texas

Chevron Corporation declared on Friday that it will move its corporate headquarters to Texas by the end of the year from San Ramon, California, where it has been located for more than 140 years.

The oil company announced that it would be moving its corporate headquarters from San Ramon, California, to Houston, Texas, where they have resided since 2002. Chevron will have its headquarters located outside of California for the first time since its establishment over a century ago.

Now, Chevron will have its headquarters in Houston, where it employs thousands of people. In 2022, Chevron announced that it would maintain its headquarters in California, but it started relocating employees to its Houston offices after selling its expansive San Ramon complex.

In an announcement released today, the company said that the move of the headquarters will be finished by the end of 2024 in order "to co-locate with other senior leaders and enable better collaboration and engagement with executives, employees, and business partners."

"There will be minimal immediate relocation impacts to other employees currently based in San Ramon," said Chevron in a statement published on its website. "The company expects all corporate functions to migrate to Houston over the next five years. Positions in support of the company's California operations will remain in San Ramon."

Chevron has been the target of numerous lawsuits alleging that its business and production practices have harmed the environment and public health, as well as criticism from environmental activists fighting climate change, even though the company did not provide specifics when announcing its decision to relocate its base of operations.

Chevron is just the most recent in a long line of businesses that have abandoned California due to a combination of rising operational expenses and a failure or unwillingness to follow the stringent regulations in the state.

Chevron's departure from the Bay Area follows Elon Musk's declaration last month that SpaceX and X, formerly known as Twitter, would relocate to Texas as well.