CALIFORNIA CONTINUES TO SEE A MIGRATION OF COMPANIES AND RESIDENTS TO THE LONE STAR STATE.
CHEVRON…ALREADY WITH A LARGE PRESENCE IN TEXAS…
WILL BE TRANSFERRING MORE OF ITS EMPLOYEES TO IT’S HOUSTON FACILITIES
AFTER SELLING ITS HEADQUARTERS BUILDING IN CALIFORNIA.
THE COMPANY IS KEEPING ITS HEADQUARTERS IN CALIFORNIA…BUT
DOWNSIZING ITS REAL ESTATE SPACE BY TWO THIRDS.
A SIGNIFICANT MOVE GIVEN CHEVRON’S HISTORY WITH THE GOLDEN STATE.
CHEVRON IS THE SECOND LARGEST U.S. OIL COMPANY.
AND IT’S BEEN IN CALIFORNIA FOR MORE THAN 140 YEARS.
THE LONGEVITY OF IT’S PRESENCE IN CALIFORNIA IS A LARGE REASON WHY THEIR HEADQUARTERS HAVEN’T COME TO TEXAS.
THIS — DESPITE THERE BEING THREE TIMES MORE CHEVRON EMPLOYEES — ALREADY — IN HOUSTON.