Chevron Corp. is moving its headquarters to Houston from California after repeatedly saying the Golden State’s regulatory regime made it tough to do business.
Chevron Corp. is moving its headquarters to Houston from California after repeatedly warning that the Golden State’s regulatory regime was making it a tough place to do business. The move announced Friday will end the company’s more than 140 years of being based in the largest U.S. state and comes amid a shake-up in senior leadership ranks apparently aimed at improving results.
Exxon and Chevron are kicking off an oil consolidation wave. What does it mean for Texas employment? CEO Mike Wirth pushed back on suggestions that the relocation is being driven by politics, saying “it’s really to be closer to the core epicenter of our industry.” “We’ve had some policy differences with California,” Wirth said during a Bloomberg Television interview. “But this isn’t a move about politics. It’s a move about what’s good for our company to compete and perform.
Exxon Tesla Inc. Hess Corp BP PLC Bloomberg Television Oracle Corp. Hewlett Packard Enterprise Co. Shell PLC Mike Wirth Andy Walz Mike Nelson Colin Parfitt Gavin Newsom Nigel Hearne Pierre Breber David Wethe Ruth Liao Alix Steel California Texas U.S. Houston Silicon Valley Guyanese Permian Basin Kazakhstan
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