More Kalifornia workers headed to the Lone Star State.

https://www.dallasnews.com/news/2022/06/28/chevron-will-sell-california-headquarters-and-move-jobs-to-texas/

They are slow rolling their exit from Cali. Once they have most of their people moved then they will announce that their HQ is moving to where their people are. Not much Cali will be able to do at that point.

Yep, hopefully just the first step. Clearly a message.

If California was true to its word they would be begging them to leave

They're partners with the WEF, stay the **** out

PaulC_80 said:

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They are slow rolling their exit from Cali. Once they have most of their people moved then they will announce that their HQ is moving to where their people are. Not much Cali will be able to do at that point.

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They have openly stated if Cali passes a windfall confiscation tax on oil companies they will move their HQ to Texas immediately. The only reason they're staying for now is history. Their corporate ancestor started in California in the 1800s.

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if Cali passes a windfall confiscation tax on oil companies

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If they are smart they will get the hell out of Cali as quick as possible. It sounds like Cali is on the verge of running all energy companies out of the state entirely.

Good luck with that 100% Wind & Solar Plan. You will need it.

Their current campus in San Ramon is only at about 50% capacity. They've been moving people to Texas for years. They'll be getting leased space for the remaining people in San Ramon. I'm really surprised it's taken this long to ramp up the move to Texas. With work from home and flex schedules there is room for people in Houston that wasn't available two years ago.

Don't want/need Californians relocating to Texas if they bring their idiotic voting patterns here.

Moving quickly under the cover is darkness before they change the laws. Once out, they will announce.

It will be a well executed retreat before the CA state attacks. By the time they attack it will be an empty office with the lights still on and they will be happy to write the office off their books.

HQ will stay in California as long as the two refineries there are in operation. It's an advantaged market for refiners and they want to keep their refining position as long as it's profitable.

Also I think the execs still enjoy living there, so there's that.

I also believe, despite the rhetoric at times, that the California dems find the Chevron management to be much more aligned and agreeable than other O&G companies would be. California still needs their California spec gasoline for now and I doubt they would like to spin the roulette wheel on who would end up operating those assets if Chevron left. So I think it is going to continue to be a mutually agreed stalemate for the next 10-20 years.

For all intents and purposes, however, Chevron is already headquartered in Houston.

They'll still have a crapton of assets in Commiefornia. i wonder if the state will try anything underhanded with those.

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who would end up operating those assets if Chevron left.

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I am sure that the state of California could run those refineries just fine and much more responsibly than Chevron would /Libs

Chevron employee here, this is not as big a deal as it seems. Houston has been the de facto headquarters for most of my career, we only have a relatively small crew still working in San Ramon and more of those jobs have relocated to Houston over the last decade as the company has focused its efforts away from the legacy fields in California and toward west Texas.

Only reason there are still people there at all is the C-suite execs don't want to leave their cushy homes in the Bay Area and lose their access to the tech CEOs they brush elbows with on the weekends.

Nobody hates democrats and Biden like oil and gas workers and coal miners! Nobody!!!

Biden's pledge of "Ending fossil fuels" got the last 2 or 3 fossil fuel industry democrats to put on MAGA hats!

Chevron employees moving from Cali to Texas will be hardcore Republican voters!!!

Was doing several consulting projects for PG&E in the San Ramon area from 2010-2015. At a social event talking to some PG&E Key Account Execs and Bay Area economic developers and brought up the elephant in the room of Chevrons stealth move of the HQ warm bodies over time to what I called "the corporate campus in Houston." After some "its not that bad comments" from the eco dvpt types a PG&E Account Rep responded the number of cars in the parking lot had been going down at a steady rate of 10% a year for the past several years. They were resigned the best they could do was keep some of the c-suite and higher folks there over the longer term and have a HQ in name only. When I was walking away to talk to another group I think I heard someone whisper "***-hole.

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