Chevron moves headquarters from California to Texas
REUTERS.COM
regulations
SUMMARY

Chevron Corp is reshuffling its top management and relocating its headquarters from San Ramon, California, to Houston, Texas. This change is part of a strategy to cut costs and address recent challenges, including operational issues in Australia and Kazakhstan and a delayed acquisition of Hess Corp.

The company plans for all corporate functions to move to Houston within five years, though positions supporting California operations will remain in San Ramon. Chevron's CEO Wirth and Vice Chairman Nelson are set to relocate to Houston by the end of 2024.

Advertisement
Scroll to continue reading