California Exodus Watch.
Chevron left California, now the company is spending $715 million on its new downtown Houston headquarters.
According to the Houston Business Journal, Chevron expects to have invested $328 million by the end of this year.
The company moved its corporate headquarters from San Ramon, California to Houston in 2024, citing a hostile California business climate, state fees and overregulation.
About 180 additional California employees were scheduled to relocate this year, with remaining transfers expected to be completed by the end of 2027.
After decades of calling California home, Chevron is putting its corporate headquarters — and hundreds of millions in investment — firmly in Texas.
AI helped compile this story.
