Chevron will move its headquarters from the East Bay to Texas in a fresh blow to California’s prestige.
A drone view of the Chevron Richmond Refinery in Richmond, Calif., on Thursday, Dec. 14, 2023. SAN RAMON — Chevron is moving its headquarters from the East Bay to Texas — a relocation of the high-profile oil company that deals a fresh blow to California’s wobbly prestige.
Chevron currently has 2,000 workers in San Ramon and 7,000 in Houston. For a decade or more, Chevron has increased its presence in Texas and decreased its footprint in the Bay Area, including San Ramon. With the departure of Chevron from San Ramon, the company’s primary remaining Bay Area presence will be its 123-year-old refinery in western Richmond.
Chevron became one of the first occupants of San Ramon’s Bishop Ranch in the early 1980s when it bought a 92-acre site that eventually became known as Chevron Park. Sunset Development paid $174.5 million to buy the Chevron Park complex from the energy giant. At the time of the purchase, the Sunset Development affiliate obtained a $157 million loan from Chevron USA to help finance the purchase of the 92-acre property, Contra Costa County property records show.
“While we are disappointed to see the headquarters leave California, we will continue to provide our highest level of support for their real estate requirements past, present and future,” Mehran Jr. said.
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