The oil and gas giant said that over the next five years, it will migrate its headquarters and all corporate functions to Houston, with the CEO making the move by the end of the year.
Chevron announced that it will move its headquarters and all corporate functions from San Ramon to Houston, Texas over the next five years.Chevron announced Friday morning it is moving its headquarters from San Ramon to Houston, Texas.
The oil major says there won't be much immediate relocation and expects all corporate functions to migrate to Houston over the next five years. "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 in a statement.Chevron currently has about 2,000 employees in San Ramon and 7,000 employees in the Houston area.
The company also announced several leadership changes, including several corportate retirements. Among them is Executive Vice President Nigel Hearne, who is retiring after 35 years of service to the company.
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