Chevron to sell East Bay headquarters, shift employees to Texas
Oil and gas giant Chevron Corp. said it’s selling its Bay Area headquarters and moving its employees to Houston as it pares down its office space.
Chevron (NYSE: CVS) is planning to sell its current East Bay headquarters in San Ramon and is offering to cover costs for employees who voluntarily opt to move to Houston, Texas, the Wall Street Journal has reported. The company said it’s now looking for a new, smaller space to lease in the Bay Area and expects to move from its existing headquarters in late 2023.
Chevron occupies the former Enron Corp. headquarters in Houston where it now employs about 6,000 people, approximately three times as many workers as in its San Ramon headquarters. Its Bay Area headquarters has been declining after the company began a reorganization in 2019.
Chevron has had its base in the Bay Area since the late 1800s. It moved hundreds of employees to San Ramon in 1999, and in 2001 made that the company’s headquarters.
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