Oil giant Chevron will move its headquarters from San Ramon, California to Houston, Texas, as reported in multiple outlets, including Compressor Tech 2.

 The outlet reported that “Chevron Chairman and CEO Mike Wirth, and Vice Chairman Mark Nelson, will move to Houston before the end of 2024 to co-locate with other senior leaders and enable better collaboration and engagement with executives, employees, and business partners,” the company said.

“There will be minimal immediate relocation impacts to other employees currently based in San Ramon,” Chevron said. 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, as California has been the company’s home for more than 140 years.

“Chevron currently has roughly 7,000 employees in the Houston area and approximately 2,000 employees in San Ramon. The company operates crude oil fields, technical facilities, and two refineries and supplies more than 1,800 retail stations in California.”

This move has political implications as well – Texas is already home to several companies that have relocated from California; and, other parts of Chevron’s operations, including refineries may also leave California, according to CalMatters.